In a report released yesterday, Jason Goldberg from Barclays maintained a Buy rating on Zions Bancorporation National Association (ZION – Research Report), with a price target of $41.00. The company’s shares closed last Wednesday at $29.44.
According to TipRanks.com, Goldberg is a 4-star analyst with an average return of 3.3% and a 56.5% success rate. Goldberg covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares, Capital One Financial, and Huntington Bancshares.
Currently, the analyst consensus on Zions Bancorporation National Association is a Hold with an average price target of $48.50.
Based on Zions Bancorporation National Association’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $711 million and net profit of $183 million. In comparison, last year the company earned revenue of $716 million and had a net profit of $226 million.
Based on the recent corporate insider activity of 161 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZION in relation to earlier this year. Most recently, in February 2020, Scott A. Anderson, the Exec VP and of ZION sold 4,631 shares for a total of $213,972.
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 engages in the provision of banking and related services and offers commercial, retail banking and mortgage lending products & services. Its products involves personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, direct deposit, and Internet & mobile banking. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.