Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $54.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped by Royal Bank of Canada from $48.00 to $54.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a sector perform rating on the bank’s stock.

Several other research analysts have also recently weighed in on the stock. StockNews.com raised shares of Zions Bancorporation, National Association from a sell rating to a hold rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a hold rating and a $47.00 price target on the stock. UBS Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating for the company in a research note on Tuesday, April 23rd. Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating on the stock in a research note on Monday, April 8th. Finally, Evercore ISI boosted their price objective 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. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of Hold and a consensus price target of $48.06.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $51.80 on Tuesday. The firm has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $42.41. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 5.36 and a beta of 1.11. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.36 earnings per share for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In other news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,296 shares of company stock worth $319,192. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently added to or reduced their stakes in ZION. CVA Family Office LLC boosted its holdings in shares of Zions Bancorporation, National Association by 1.0% in the 1st quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after buying an additional 245 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in Zions Bancorporation, National Association by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock valued at $978,000 after acquiring an additional 286 shares during the last quarter. Strategic Advocates LLC boosted its stake in Zions Bancorporation, National Association by 6.1% in the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock valued at $223,000 after acquiring an additional 296 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 1.2% during the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock worth $1,148,000 after purchasing an additional 310 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Zions Bancorporation, National Association by 1.2% during the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock worth $1,174,000 after purchasing an additional 327 shares in the last quarter. 76.84% of the stock is currently 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.