Royal Bank of Canada Increases Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $57.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective lifted by Royal Bank of Canada from $55.00 to $57.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a sector perform rating on the bank’s stock.

A number of other analysts have also commented on ZION. Truist Financial decreased their price objective on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating for the company in a report on Friday, September 20th. Evercore ISI decreased their price objective on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price objective on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $51.34 on Tuesday. Zions Bancorporation, National Association has a one year low of $28.98 and a one year high of $53.32. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.93 and a beta of 1.09. The business has a 50-day simple moving average of $48.07 and a 200 day simple moving average of $45.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the previous year, the company posted $1.13 EPS. On average, research analysts anticipate that Zions Bancorporation, National Association will post 4.6 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 37.36%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after acquiring an additional 929,251 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Zions Bancorporation, National Association by 165.0% in the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock worth $42,761,000 after acquiring an additional 563,889 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after acquiring an additional 433,513 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 197.5% in the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after acquiring an additional 376,549 shares during the period. 76.84% of the stock is owned by institutional investors.

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.