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

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

ZION has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a neutral rating in a research report on Thursday, April 4th. Barclays boosted their price target on shares of 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. Evercore ISI boosted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an outperform rating in a report on Thursday, March 28th. Morgan Stanley boosted their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an underweight rating in a report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a hold rating and a $47.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of Hold and an average price target of $43.16.

Zions Bancorporation, National Association Stock Up 1.2 %

ZION stock opened at $41.76 on Tuesday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 10.49 and a beta of 1.13. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15. The firm has a 50-day simple moving average of $40.88 and a 200-day simple moving average of $39.35. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Equities analysts forecast that Zions Bancorporation, National Association will post 4.3 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.93%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the purchase, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the purchase, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold a total of 13,929 shares of company stock valued at $563,778 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of large investors have recently modified their holdings of ZION. Federated Hermes Inc. increased its position in shares of Zions Bancorporation, National Association by 105.4% in the 4th 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 purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $29,000. Quarry LP purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $49,000. Ronald Blue Trust Inc. increased its position in shares of Zions Bancorporation, National Association by 274.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock valued at $73,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after buying an additional 2,076 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other 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.