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RBC Capital Sticks to Their Hold Rating for Zions Bancorporation National Association (ZION)

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Zions Bancorporation National Association (ZIONResearch Report) on July 13 and set a price target of $62.00. The company’s shares closed last Thursday at $48.54, close to its 52-week low of $47.06.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.1% and a 53.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Provident Financial Services, and Discover Financial Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zions Bancorporation National Association with a $65.50 average price target, which is a 34.8% upside from current levels. In a report issued on July 1, J.P. Morgan also maintained a Hold rating on the stock with a $62.00 price target.

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Zions Bancorporation National Association’s market cap is currently $7.5B and has a P/E ratio of 8.07.

Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZION in relation to earlier this year. Most recently, in May 2022, Harris Simmons, the Chairman & CEO of ZION bought 13,000 shares for a total of $531,830.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zions Bancorporation engages in the provision of banking and related services and offers commercial, retail banking and mortgage lending products & services. Its products involves personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, direct deposit, and Internet & mobile banking. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.

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