Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $46.00 at Royal Bank of Canada

by · The Cerbat Gem

Zions Bancorporation, National Association (NASDAQ:ZION – Free Report) had its price objective increased by Royal Bank of Canada from $45.00 to $46.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a sector perform rating on the bank’s stock.

ZION has been the topic of a number of other research reports. Compass Point reiterated a neutral rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. TheStreet raised shares of Zions Bancorporation, National Association from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group boosted their price objective on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a neutral rating in a research report on Monday, December 18th. Robert W. Baird reduced their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a neutral rating on the stock in a research report on Tuesday, January 23rd. Finally, Barclays boosted their price target on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an underweight rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $43.00.

View Our Latest Stock Report on Zions Bancorporation, National Association

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $41.26 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 9.49 and a beta of 1.13. The firm’s 50-day moving average is $40.73 and its 200 day moving average is $38.83.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last announced its earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $754.81 million. During the same quarter last year, the firm earned $1.84 EPS. Research analysts predict that Zions Bancorporation, National Association will post 4.27 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.70%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by insiders.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently bought and sold shares of ZION. IFP Advisors Inc lifted its stake in shares of Zions Bancorporation, National Association by 628.2% during the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $26,000 after buying an additional 823 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $27,000. Federated Hermes Inc. raised its stake in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $29,000. Finally, Quarry LP acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

(Get Free Report)

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.

See Also