Zions Bancorporation, National Association (NASDAQ:ZION) Given "Hold" Rating at Truist Financial

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Truist Financial in a report released on Monday, Benzinga reports. They presently have a $46.00 price target on the bank's stock. Truist Financial's target price indicates a potential upside of 7.03% from the company's current price.

Several other analysts have also recently issued reports on the stock. Compass Point restated a "neutral" rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Morgan Stanley increased their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an "underweight" rating in a research note on Wednesday, February 7th. The Goldman Sachs Group increased their target price on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, December 18th. Evercore ISI raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Barclays raised their target price on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an "underweight" rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of "Hold" and a consensus target price of $41.16.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded down $0.42 on Monday, reaching $42.98. The company's stock had a trading volume of 1,785,730 shares, compared to its average volume of 3,301,073. The stock's 50 day simple moving average is $40.90 and its 200-day simple moving average is $38.45. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $6.34 billion, a P/E ratio of 9.98 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. During the same period in the previous year, the firm posted $1.84 earnings per share. As a group, equities analysts predict that Zions Bancorporation, National Association will post 4.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Harris H. Simmons purchased 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now directly owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Harris H. Simmons bought 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the chief executive officer now directly owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Harris H. Simmons bought 3,600 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the completion of the transaction, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 18,022 shares of company stock worth $744,893 in the last 90 days. Corporate insiders own 2.22% of the company's stock.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Zions Bancorporation, National Association by 4.3% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank's stock valued at $274,000 after purchasing an additional 221 shares during the period. Creative Planning lifted its stake in shares of Zions Bancorporation, National Association by 2.5% in the second quarter. Creative Planning now owns 11,260 shares of the bank's stock valued at $573,000 after purchasing an additional 275 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of 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 purchasing an additional 286 shares during the period. Empirical Finance LLC lifted its stake in shares of Zions Bancorporation, National Association by 7.6% in the fourth quarter. Empirical Finance LLC now owns 4,240 shares of the bank's stock valued at $208,000 after purchasing an additional 301 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 1.2% in the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank's stock valued at $1,148,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

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.