Zions Bancorporation, N.A. (NASDAQ:ZION) Now Covered by Analysts at Brean Capital

Equities research analysts at Brean Capital assumed coverage on shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in a note issued to investors on Thursday. The firm set a “neutral” rating on the bank’s stock.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and raised their price objective for the company from $55.00 to $60.00 in a report on Wednesday, November 19th. Truist Financial lifted their target price on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Evercore boosted their target price on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Finally, Morgan Stanley upgraded shares of Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $75.00 in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and a consensus target price of $63.58.

Zions Bancorporation, N.A. Price Performance

ZION stock traded down $0.61 during midday trading on Thursday, reaching $54.24. 1,579,726 shares of the stock were exchanged, compared to its average volume of 1,922,962. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18. The company has a fifty day moving average price of $60.05 and a 200 day moving average price of $57.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $8.02 billion, a PE ratio of 9.04 and a beta of 0.83.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total value of $130,520.72. Following the completion of the transaction, the executive vice president directly owned 22,733 shares of the company’s stock, valued at approximately $1,420,357.84. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $65.90, for a total value of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares in the company, valued at $2,710,269.30. This represents a 27.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 55,581 shares of company stock worth $3,498,774. 2.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Institutional investors have recently added to or reduced their stakes in the business. Traub Capital Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter worth approximately $31,000. Torren Management LLC bought a new stake in Zions Bancorporation, N.A. in the fourth quarter valued at $32,000. Leonteq Securities AG bought a new stake in Zions Bancorporation, N.A. in the fourth quarter valued at $32,000. Community Bank N.A. acquired a new position in shares of Zions Bancorporation, N.A. during the third quarter valued at about $36,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth about $36,000. 76.84% of the stock is owned by institutional investors and hedge funds.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.