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Wedbush Sticks to Its Hold Rating for Zions Bancorporation National Association (ZION)

Wedbush analyst Peter Winter maintained a Hold rating on Zions Bancorporation National Association (ZIONResearch Report) today and set a price target of $74.00. The company’s shares closed last Friday at $68.15, close to its 52-week high of $71.21.

According to TipRanks.com, Winter is a 4-star analyst with an average return of 8.8% and a 48.5% success rate. Winter covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Huntington Bancshares, and Prosperity Bancshares.

Zions Bancorporation National Association has an analyst consensus of Hold, with a price target consensus of $73.00, implying a 9.3% upside from current levels. In a report issued on January 13, RBC Capital also maintained a Hold rating on the stock with a $72.00 price target.

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Zions Bancorporation National Association’s market cap is currently $10.16B and has a P/E ratio of 9.89.

Based on the recent corporate insider activity of 111 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.

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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