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

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective raised by Royal Bank of Canada from $46.00 to $47.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a sector perform rating on the bank’s stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group dropped 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 report on Monday, April 8th. Morgan Stanley increased their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an underweight rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a hold rating and a $47.00 price objective on the stock. Barclays increased their price objective on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an underweight rating in a research report on Tuesday, January 2nd. Finally, Stephens increased their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an equal weight rating in a research report on Tuesday, January 23rd. Three investment 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 MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $43.15.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $41.75 on Tuesday. The stock has a fifty day simple moving average of $40.83 and a two-hundred day simple moving average of $39.26. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 9.60 and a beta of 1.13. 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 (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period last year, the company posted $1.33 earnings per share. Analysts anticipate that Zions Bancorporation, National Association will post 4.27 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.93%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 37.70%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Scott Anderson sold 4,093 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 18,022 shares of company stock valued at $744,893 over the last ninety days. 2.22% of the stock is owned by insiders.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. Federated Hermes Inc. lifted its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after buying an additional 331 shares during the period. Jones Financial Companies Lllp purchased a new stake in Zions Bancorporation, National Association in the fourth quarter worth about $29,000. Quarry LP purchased a new stake in Zions Bancorporation, National Association in the fourth quarter worth about $49,000. Ronald Blue Trust Inc. lifted its holdings in Zions Bancorporation, National Association by 274.6% in 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 during the period. Finally, Versant Capital Management Inc lifted its holdings in Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after buying an additional 2,076 shares during the period. 76.84% of the stock is owned by institutional investors.

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.