Royal Bank of Canada Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $47.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target lifted by Royal Bank of Canada from $46.00 to $47.00 in a research note released on Tuesday, Benzinga reports. They currently have a sector perform rating on the bank’s stock.

Several other equities analysts also recently weighed in on ZION. Wedbush cut their target price on Zions Bancorporation, National Association from $48.00 to $46.00 and set a neutral rating on the stock in a research report on Tuesday, January 23rd. Truist Financial reiterated a hold rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They issued a hold rating and a $47.00 target price on the stock. Stephens lifted their price target on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an equal weight rating in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group cut their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating on the stock in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $43.16.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $41.27 on Tuesday. The company has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $39.30. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.09 billion, a P/E ratio of 10.37 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same period in the previous year, the business posted $1.33 EPS. Analysts anticipate that Zions Bancorporation, National Association will post 4.29 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons purchased 4,000 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Harris H. Simmons purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold a total of 13,929 shares of company stock worth $563,778 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its holdings in Zions Bancorporation, National Association by 28.1% in the third quarter. National Bank of Canada FI now owns 31,566 shares of the bank’s stock worth $1,057,000 after purchasing an additional 6,922 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of Zions Bancorporation, National Association by 274.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock worth $73,000 after buying an additional 1,538 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $258,000. SG Americas Securities LLC raised its stake in shares of Zions Bancorporation, National Association by 177.5% during the 3rd quarter. SG Americas Securities LLC now owns 28,418 shares of the bank’s stock worth $992,000 after acquiring an additional 18,179 shares in the last quarter. Finally, Douglas Lane & Associates LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at approximately $208,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.