Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $54.00 at Royal Bank of Canada

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective increased by stock analysts at Royal Bank of Canada from $48.00 to $54.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.92% from the company’s current price.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Jefferies Financial Group lowered their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on 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. Finally, UBS Group lowered their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.06.

Zions Bancorporation, National Association Stock Down 3.0 %

Shares of ZION stock opened at $50.98 on Tuesday. The stock’s 50-day simple moving average is $43.89 and its 200-day simple moving average is $42.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $7.53 billion, a PE ratio of 12.81, a P/E/G ratio of 5.04 and a beta of 1.11. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 14.13% and a net margin of 13.53%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.11 earnings per share. Equities analysts expect that Zions Bancorporation, National Association will post 4.36 earnings per share for the current year.

Insider Activity

In other news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The disclosure for this sale can be found here. Insiders have sold a total of 7,296 shares of company stock worth $319,192 over the last quarter. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $27,000. Federated Hermes Inc. increased its holdings in shares of Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

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.