RBC Capital Downgrades Zions Bancorporation National Association (ZION) to Hold


Zions Bancorporation National Association (ZION) received a Hold rating and a $48.00 price target from RBC Capital analyst Jon Arfstrom today. The company’s shares closed last Monday at $46.23.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 16.8% and a 60.3% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Discover Financial Services, and Texas Capital Bancshares.

Zions Bancorporation National Association has an analyst consensus of Moderate Buy, with a price target consensus of $54.90, representing a 17.2% upside. In a report issued on January 28, Robert W. Baird also upgraded the stock to Hold with a $48.00 price target.

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The company has a one-year high of $52.48 and a one-year low of $39.11. Currently, Zions Bancorporation National Association has an average volume of 1.76M.

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZION in relation to earlier this year.

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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