Royal Bank of Canada Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $57.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target upped by analysts at Royal Bank of Canada from $55.00 to $57.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s target price points to a potential upside of 9.85% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Stephens upped their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday. Robert W. Baird lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI cut their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Stock Down 1.2 %

Shares of NASDAQ:ZION opened at $51.89 on Tuesday. The firm has a market capitalization of $7.66 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The firm has a fifty day moving average of $47.72 and a 200 day moving average of $45.33.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same period in the prior year, the business earned $1.13 EPS. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association in the 1st quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the third quarter worth $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association during the second quarter valued at $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association in the second quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $39,000. 76.84% of the stock is currently 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.