Robert W. Baird Increases Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target to $75.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price objective increased by investment analysts at Robert W. Baird from $68.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Robert W. Baird’s price objective suggests a potential upside of 7.04% from the company’s current price.

A number of other analysts also recently weighed in on the stock. TD Cowen increased their price target on shares of Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Truist Financial increased their target price on shares of Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Citigroup boosted their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Finally, Barclays raised their price objective on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.29.

Zions Bancorporation, N.A. Stock Up 1.5%

Shares of Zions Bancorporation, N.A. stock opened at $70.07 on Tuesday. The business has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $62.07. The stock has a market cap of $10.31 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.80. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The firm had revenue of $859.00 million for the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%.During the same quarter in the prior year, the firm posted $1.13 earnings per share. Research analysts predict that Zions Bancorporation, N.A. will post 6.5 EPS for the current year.

Zions Bancorporation, N.A. announced that its Board of Directors has approved a share repurchase program on Saturday, May 2nd that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 4,209 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $62.50, for a total value of $263,062.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp acquired a new position in shares of Zions Bancorporation, N.A. in the fourth quarter valued at $8,591,000. Basswood Capital Management L.L.C. lifted its stake in shares of Zions Bancorporation, N.A. by 266.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 404,520 shares of the bank’s stock worth $23,681,000 after buying an additional 294,121 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Zions Bancorporation, N.A. by 1.3% during the 4th quarter. LSV Asset Management now owns 3,888,064 shares of the bank’s stock worth $227,607,000 after buying an additional 48,346 shares during the period. Burney Co. acquired a new position in Zions Bancorporation, N.A. in the 4th quarter valued at about $4,762,000. Finally, Qsemble Capital Management LP acquired a new position in Zions Bancorporation, N.A. in the 4th quarter valued at about $3,353,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. News Roundup

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: Zions delivered better-than-expected Q2 results, with earnings and revenue both coming in above estimates, and management/call commentary pointed to resilient growth and solid core loan performance. Earnings Call Presentation
• Positive Sentiment: Several analysts raised price targets after the earnings release, including DA Davidson, RBC, Wells Fargo, and TD Cowen, signaling improved expectations for the stock. Analyst Rating Update
• Positive Sentiment: Independent write-ups highlighted Zions as a long-term value and momentum name, suggesting some investors still see an attractive valuation and fundamental setup. Zacks Value Stock Article
• Neutral Sentiment: Morningstar coverage of Zions Bancorp NA ZB1 did not add a clear new catalyst, so it appears more informational than market-moving. Morningstar Quote
• Negative Sentiment: The stock sold off after earnings because part of the profit increase came from non-core gains, including a Visa-related gain, while net interest margin was flat and deposits were seasonally lower than the prior quarter. Why Zions Stock Is Down Today
• Negative Sentiment: Heavy put-option activity and a JPMorgan downgrade to underweight suggest some traders are positioning defensively after the earnings release. Options and Analyst Reaction

Zions Bancorporation, N.A. Company Profile

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.