TrinityPoint Wealth LLC Reduces Investment in ZION Stock

Zion Bancorp: Robert Baird Downgrades to a "Neutral" rating from a "Buy"

TrinityPoint Wealth LLC has sold 13.7% of its holdings in Zions Bancorporation (NSD:ZION), National Association, according to its latest Form 13F filing with the Securities and Exchange Commission. The hedge fund now owns 27,192 shares of the bank’s stock, worth $1.34 million. Other hedge funds have also made changes to their positions in Zions Bancorporation, including Vanguard Group Inc., Victory Capital Management Inc., State Street Corp, Massachusetts Financial Services Co., and LSV Asset Management. The bank’s stock, traded under the NSD:ZION ticker, closed at $23.33 on Tuesday, down $3.49, with 14.36 million shares traded, compared to its average volume of 4.16 million. Its market cap is $3.46 billion, and it has a Financial ratio of 4.25 and a beta of 1.10. Zions Bancorporation, National Association last reported earnings on April 19th, with $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.18).

ZION Stock Analysis & Forecast

Zions Bancorporation’s future performance looks to be modest, according to a consensus of 21 analysts. The average target price for the bank’s stock is USD 47.38 over the next year. The stock is currently rated as “Hold” by analysts on average. However, Stock Target Advisor’s analysis indicates a “Neutral” rating based on 6 positive and 7 negative signals. Zions Bancorporation’s shares closed at USD 23.92, a decline of 10.51% over the past week, 20.08% over the past month, and 58.04% over the past year.

ZION Stock Ratings by Stock Target Advisor

Business Profile

Zions Bancorporation, National Association is a banking and financial services provider that operates primarily in several US states, including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers a range of services, including corporate banking, commercial banking (with a focus on small and medium-sized businesses), commercial real estate banking, municipal and public finance services, retail banking (including residential mortgages), trust services, wealth management and private client banking, and capital markets products and services. In 2018, the company changed its name from ZB, National Association to Zions Bancorporation, National Association.

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