Zions Bancorporation National Association (ZION) Receives a Hold from BMO Capital


In a report issued on November 9, Lana Chan from BMO Capital reiterated a Hold rating on Zions Bancorporation National Association (ZION), with a price target of $53. The company’s shares closed yesterday at $48.94.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 10.3% and a 61.3% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Cathay General Bancorp.

Currently, the analyst consensus on Zions Bancorporation National Association is a Moderate Buy with an average price target of $56.91.

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Based on Zions Bancorporation National Association’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $767 million and net profit of $223 million. In comparison, last year the company earned revenue of $696 million and had a net profit of $160 million.

Based on the recent corporate insider activity of 163 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Alexander Hume, the SVP of ZION sold 4,046 shares for a total of $220,551.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

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