Zions Bancorporation, National Association (NASDAQ:ZION) Given New $62.00 Price Target at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective decreased by analysts at JPMorgan Chase & Co. from $65.00 to $62.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 11.91% from the stock's current price.

Several other analysts also recently weighed in on ZION. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday, September 18th. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Wednesday, September 11th. Evercore ISI lifted their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $58.25.

Zions Bancorporation, National Association Stock Up 0.7 %

ZION traded up $0.38 on Tuesday, hitting $55.40. 1,497,604 shares of the company were exchanged, compared to its average volume of 1,063,526. The firm has a 50-day moving average price of $57.00 and a two-hundred day moving average price of $50.82. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 5.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the company posted $1.13 earnings per share. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,881 shares of company stock worth $1,108,184. Company insiders own 2.22% of the company's stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Large investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth $28,000. Allspring Global Investments Holdings LLC grew its position in shares of Zions Bancorporation, National Association by 68.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank's stock worth $56,000 after buying an additional 526 shares during the period. Abich Financial Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after buying an additional 296 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $101,000. Finally, Venturi Wealth Management LLC raised its position in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after acquiring an additional 1,671 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.