Zions Bancorporation, N.A.’s (ZION) “Hold” Rating Reiterated at TD Cowen

TD Cowen reaffirmed their hold rating on shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in a research note issued to investors on Tuesday,Benzinga reports. TD Cowen currently has a $69.00 price target on the bank’s stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Thursday, October 15th. Morgan Stanley raised their target price on Zions Bancorporation, N.A. from $77.00 to $78.00 and gave the stock an “underweight” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. lowered their price target on Zions Bancorporation, N.A. from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Zions Bancorporation, N.A. in a research report on Friday, July 31st. Finally, DA Davidson boosted their price target on Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.56.

Zions Bancorporation, N.A. Stock Up 1.0%

NASDAQ:ZION opened at $66.39 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Zions Bancorporation, N.A. has a twelve month low of $48.50 and a twelve month high of $73.34. The company has a market cap of $9.69 billion, a PE ratio of 8.15, a P/E/G ratio of 1.08 and a beta of 0.84. The company’s 50 day moving average is $65.86 and its two-hundred day moving average is $65.79.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.14. The business had revenue of $887.00 million during the quarter, compared to analysts’ expectations of $889.52 million. Zions Bancorporation, N.A. had a net margin of 24.81% and a return on equity of 13.77%. During the same quarter last year, the company posted $1.48 earnings per share. Analysts anticipate that Zions Bancorporation, N.A. will post 6.61 EPS for the current year.

Zions Bancorporation, N.A. announced that its Board of Directors has approved a stock repurchase plan on Thursday, July 30th that allows the company to repurchase $75.00 million in shares. This buyback authorization allows the bank to reacquire up to 0.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. Zions Bancorporation, N.A.’s payout ratio is 23.56%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Scott Law sold 4,608 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.42, for a total value of $333,711.36. Following the sale, the executive vice president directly owned 32,890 shares of the company’s stock, valued at $2,381,893.80. This represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott Mclean sold 33,285 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the completion of the sale, the president owned 73,043 shares in the company, valued at $5,159,027.09. The trade was a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 88,787 shares of company stock worth $6,283,858. Company insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter valued at about $982,244,000. Dimensional Fund Advisors LP boosted its stake in shares of Zions Bancorporation, N.A. by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,477,126 shares of the bank’s stock worth $430,813,000 after buying an additional 56,438 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Zions Bancorporation, N.A. by 28.5% in the first quarter. First Trust Advisors LP now owns 1,917,826 shares of the bank’s stock worth $110,505,000 after buying an additional 425,325 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Zions Bancorporation, N.A. in the second quarter worth about $87,961,000. Finally, Deutsche Bank AG acquired a new stake in Zions Bancorporation, N.A. during the second quarter worth about $71,767,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Key Zions Bancorporation, N.A. News

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: Zions reported its fourth consecutive earnings beat, with third-quarter EPS of $1.78 exceeding the $1.64 consensus estimate. Robust loan growth—particularly in commercial real estate—strong profitability, low non-performing loans and an investment-grade credit rating strengthen the bank’s outlook. The approximately 3% dividend yield, low payout ratio and potentially attractive valuation based on forward earnings and book value also support investor interest. Zions Bancorporation: Q3 Results Support A Bullish View As Loan Demand Proves Resilient
• Positive Sentiment: DA Davidson raised its price target for ZION, signaling improved valuation potential following the bank’s quarterly performance. Zions Bancorporation Stock Gets Price Target Boost from DA Davidson
• Positive Sentiment: Piper Sandler increased its price target from $68 to $69 while retaining a neutral rating, modestly improving its valuation outlook. Piper Sandler Zions rating update
• Neutral Sentiment: TD Cowen reaffirmed its “Hold” rating, while RBC assigned a “Sector Perform” rating, indicating that analysts see ZION as fairly valued relative to the broader banking sector. TD Cowen Zions rating update RBC Zions Sector Perform rating
• Negative Sentiment: Morgan Stanley cut its price target, and Citigroup lowered its target from $73 to $70 while maintaining a neutral rating. These actions suggest some concern that the recent earnings strength may already be reflected in the share valuation. Morgan Stanley Zions price target update Citigroup Zions price target update

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a regional financial services company headquartered in Salt Lake City, Utah. Through its affiliated banks, the company provides banking and related financial services to individuals, small businesses, middle-market companies, and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, small-business banking, consumer loans, residential mortgages, deposit accounts, treasury management, investment services, and private banking.