Robert W. Baird Cuts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective reduced by stock analysts at Robert W. Baird from $58.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. Robert W. Baird's price objective would suggest a potential upside of 26.09% from the company's current price.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Barclays boosted their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. Finally, DA Davidson raised their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average price target of $61.06.

Zions Bancorporation, National Association Stock Down 1.5 %

Shares of NASDAQ ZION opened at $43.62 on Tuesday. The business has a 50-day simple moving average of $48.95 and a two-hundred day simple moving average of $53.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a market cap of $6.44 billion, a P/E ratio of 8.81, a P/E/G ratio of 1.61 and a beta of 0.92.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same period in the previous year, the firm earned $0.96 EPS. Research analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a share repurchase plan on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the transaction, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,029 shares of company stock valued at $1,855,321 over the last 90 days. Company insiders own 2.22% of the company's stock.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 16.5% in the 1st quarter. Avior Wealth Management LLC now owns 13,920 shares of the bank's stock worth $694,000 after buying an additional 1,967 shares in the last quarter. Blue Trust Inc. raised its stake in Zions Bancorporation, National Association by 36.8% during the 1st quarter. Blue Trust Inc. now owns 4,949 shares of the bank's stock valued at $247,000 after purchasing an additional 1,331 shares during the period. State of Alaska Department of Revenue lifted its holdings in Zions Bancorporation, National Association by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 17,318 shares of the bank's stock worth $863,000 after purchasing an additional 470 shares in the last quarter. Inscription Capital LLC bought a new position in Zions Bancorporation, National Association in the 1st quarter worth approximately $365,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Zions Bancorporation, National Association during the 1st quarter valued at approximately $3,383,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.

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