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

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective raised by stock analysts at Royal Bank of Canada from $45.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "sector perform" rating on the bank's stock. Royal Bank of Canada's target price points to a potential upside of 5.72% from the stock's previous close.

Several other research firms have also issued reports on ZION. Jefferies Financial Group lowered their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a report on Monday. Wedbush lowered their target price on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, January 23rd. Morgan Stanley raised their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a report on Wednesday, February 7th. Wells Fargo & Company raised their target price on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the stock an "equal weight" rating in a report on Thursday, December 14th. Finally, Compass Point restated a "neutral" rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.78.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION traded up $0.52 on Tuesday, reaching $43.51. The company's stock had a trading volume of 1,838,158 shares, compared to its average volume of 3,159,313. Zions Bancorporation, National Association has a 52-week low of $18.26 and a 52-week high of $46.15. The company has a market cap of $6.42 billion, a P/E ratio of 10.00 and a beta of 1.13. The company has a 50-day simple moving average of $40.70 and a 200 day simple moving average of $38.79. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.3 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of Zions Bancorporation, National Association by 22.1% in the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank's stock valued at $13,596,000 after purchasing an additional 70,461 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Zions Bancorporation, National Association by 119.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock valued at $101,396,000 after purchasing an additional 1,259,571 shares in the last quarter. Nordea Investment Management AB increased its stake in Zions Bancorporation, National Association by 55.2% during the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank's stock worth $11,678,000 after buying an additional 94,077 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Zions Bancorporation, National Association by 31.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 10,326 shares of the bank's stock worth $360,000 after buying an additional 2,467 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth approximately $491,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Company Profile

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.