Zions Bancorporation, National Association (NASDAQ:ZION) Given New $47.00 Price Target at Royal Bank of Canada

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price lifted by Royal Bank of Canada from $46.00 to $47.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a sector perform rating on the bank’s stock.

A number of other equities analysts have also commented on ZION. Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They issued a hold rating and a $47.00 price objective on the stock. Robert W. Baird reduced their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a neutral rating on the stock in a research note on Tuesday, January 23rd. TheStreet raised Zions Bancorporation, National Association from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Evercore ISI boosted their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. Finally, Morgan Stanley upped their price target on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an underweight rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $43.15.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $41.75 on Tuesday. The business’s fifty day moving average price is $40.83 and its two-hundred day moving average price is $39.26. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 9.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same period in the prior year, the firm posted $1.33 EPS. As a group, analysts predict that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.93%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s payout ratio is 37.70%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the sale, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the sale, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harris H. Simmons purchased 3,600 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $38.99 per share, with a total value of $140,364.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 18,022 shares of company stock worth $744,893 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. National Bank of Canada FI grew its holdings in shares of Zions Bancorporation, National Association by 28.1% during the third quarter. National Bank of Canada FI now owns 31,566 shares of the bank’s stock worth $1,057,000 after buying an additional 6,922 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Zions Bancorporation, National Association by 274.6% during the third 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 in the last quarter. HB Wealth Management LLC bought a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $258,000. SG Americas Securities LLC grew its holdings in shares of Zions Bancorporation, National Association by 177.5% during the third quarter. SG Americas Securities LLC now owns 28,418 shares of the bank’s stock worth $992,000 after buying an additional 18,179 shares in the last quarter. Finally, Douglas Lane & Associates LLC bought a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $208,000. 76.84% of the stock is currently owned by institutional investors.

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.