Zions Bancorporation, National Association (NASDAQ:ZION) Coverage Initiated by Analysts at Truist Financial

Research analysts at Truist Financial initiated coverage on shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating and a $52.00 price target on the bank's stock. Truist Financial's price target points to a potential upside of 4.59% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. DA Davidson upped their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut their target price on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Stephens lowered their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of "Hold" and an average price target of $58.47.

Zions Bancorporation, National Association Trading Up 0.5%

NASDAQ:ZION traded up $0.26 during mid-day trading on Tuesday, reaching $49.72. 252,462 shares of the company's stock traded hands, compared to its average volume of 1,772,237. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.61 and a beta of 0.88. The company has a 50 day moving average price of $46.43 and a 200-day moving average price of $52.96.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter last year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,989 shares of company stock valued at $1,853,080 in the last three months. Company insiders own 2.22% of the company's stock.

Institutional Trading of Zions Bancorporation, National Association

Several institutional investors have recently added to or reduced their stakes in ZION. Curat Global LLC bought a new position in Zions Bancorporation, National Association during the 1st quarter worth $25,000. Picton Mahoney Asset Management purchased a new position in Zions Bancorporation, National Association in the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after acquiring an additional 183 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Zions Bancorporation, National Association during the 1st quarter worth approximately $40,000. Finally, Covestor Ltd boosted its position in Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after acquiring an additional 479 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.