DA Davidson Increases Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $69.00

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective boosted by equities research analysts at DA Davidson from $66.00 to $69.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the bank's stock. DA Davidson's price target would suggest a potential upside of 18.92% from the stock's previous close. DA Davidson also issued estimates for Zions Bancorporation, National Association's Q1 2025 earnings at $1.19 EPS.

ZION has been the subject of a number of other research reports. Compass Point raised their target price on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. UBS Group began coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and an average price target of $60.71.

Zions Bancorporation, National Association Stock Performance

Shares of ZION traded down $0.07 during midday trading on Wednesday, reaching $58.02. The stock had a trading volume of 1,200,905 shares, compared to its average volume of 1,322,550. The firm has a 50 day simple moving average of $57.21 and a 200-day simple moving average of $51.92. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The firm has a market cap of $8.57 billion, a PE ratio of 11.72, a P/E/G ratio of 3.16 and a beta of 1.12. 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 (NASDAQ:ZION - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787,704.90 billion. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.90%. Zions Bancorporation, National Association's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.94 EPS for the current year.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business's 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 sale, the vice president now directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % 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 ninety days. 2.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Zions Bancorporation, National Association during the third quarter worth $583,000. Cornercap Investment Counsel Inc. bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth $510,000. Sequoia Financial Advisors LLC grew its stake in shares of Zions Bancorporation, National Association by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank's stock worth $1,302,000 after acquiring an additional 506 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank's stock worth $43,294,000 after acquiring an additional 433,513 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Institutional investors and hedge funds 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.