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Zions Bancorporation National Association (ZION) Receives a Buy from Evercore ISI

Evercore ISI analyst John Pancari maintained a Buy rating on Zions Bancorporation National Association (ZIONResearch Report) on July 13 and set a price target of $57.00. The company’s shares closed last Thursday at $53.05.

According to TipRanks.com, Pancari is a 3-star analyst with an average return of 1.8% and a 46.5% success rate. Pancari covers the Financial sector, focusing on stocks such as Discover Financial Services, Bread Financial Holdings, and Independent Bank Group.

Zions Bancorporation National Association has an analyst consensus of Moderate Buy, with a price target consensus of $64.14, which is a 21.0% upside from current levels. In a report issued on July 11, Jefferies also maintained a Buy rating on the stock with a $63.00 price target.

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Based on Zions Bancorporation National Association’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $686 million and net profit of $203 million. In comparison, last year the company earned revenue of $714 million and had a net profit of $322 million.

Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZION in relation to earlier this year. Most recently, in May 2022, Harris Simmons, the Chairman & CEO of ZION bought 13,000 shares for a total of $531,830.

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.

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