Zions Bancorporation, National Association (NASDAQ:ZION) Coverage Initiated at UBS Group

Research analysts at UBS Group initiated coverage on shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $64.00 price target on the bank's stock. UBS Group's price target suggests a potential upside of 13.84% from the stock's current price.

ZION has been the topic of several other reports. Jefferies Financial Group decreased their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of "Hold" and an average target price of $57.06.

Zions Bancorporation, National Association Stock Down 2.5 %

Shares of ZION stock traded down $1.42 on Tuesday, hitting $56.22. The company's stock had a trading volume of 1,363,817 shares, compared to its average volume of 1,976,970. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 5.10 and a beta of 1.10. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22. The firm's fifty day moving average price is $55.82 and its 200-day moving average price is $49.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

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

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction 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. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock valued at $1,108,184 in the last 90 days. 2.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after buying an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock worth $221,367,000 after buying an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock worth $126,762,000 after buying an additional 538,049 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after acquiring an additional 30,030 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

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.