Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) had its target price lowered by analysts at Evercore ISI from $44.00 to $41.00 in a note issued to investors on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the bank’s stock. Evercore ISI’s price target indicates a potential upside of 20.23% from the company’s current price.
Other analysts also recently issued research reports about the company. Stephens lifted their target price on Zions Bancorporation, National Association from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Wells Fargo & Company cut their target price on Zions Bancorporation, National Association from $38.00 to $32.00 in a research note on Thursday, July 6th. Wedbush lifted their target price on Zions Bancorporation, National Association from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Thursday, July 20th. Finally, DA Davidson boosted their price objective on Zions Bancorporation, National Association from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.75.
Check Out Our Latest Stock Analysis on ZION
Zions Bancorporation, National Association Trading Down 0.2 %
Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. The business had revenue of $1.17 million during the quarter, compared to analyst estimates of $750.34 million. Zions Bancorporation, National Association had a return on equity of 19.24% and a net margin of 21.43%. The business’s revenue for the quarter was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. Equities research analysts predict that Zions Bancorporation, National Association will post 4.57 EPS for the current year.
Hedge Funds Weigh In On Zions Bancorporation, National Association
A number of hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the first quarter valued at $26,000. IFP Advisors Inc grew its holdings in shares of Zions Bancorporation, National Association by 628.2% during the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock valued at $26,000 after buying an additional 823 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Zions Bancorporation, National Association by 54.8% during the first quarter. Eagle Bay Advisors LLC now owns 2,197 shares of the bank’s stock valued at $29,000 after buying an additional 778 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter valued at $29,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.
Zions Bancorporation, National Association Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.
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