Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Zions Bancorporation, N.A. (NASDAQ:ZION)

Zions Bancorporation, N.A. (NASDAQ:ZION)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $76.00 price objective on the bank’s stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 17.67% from the company’s previous close.

Several other brokerages have also commented on ZION. Weiss Ratings reiterated a “buy (b)” rating on shares of Zions Bancorporation, N.A. in a research report on Friday, July 31st. Morgan Stanley boosted their target price on Zions Bancorporation, N.A. from $77.00 to $78.00 and gave the stock an “underweight” rating in a research report on Monday, September 28th. Evercore lowered Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 target price for the company. in a research note on Thursday, July 23rd. TD Cowen reduced their price target on shares of Zions Bancorporation, N.A. from $73.00 to $69.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Finally, Wall Street Zen raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and a consensus price target of $72.59.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION traded up $1.45 during midday trading on Tuesday, hitting $64.59. The company’s stock had a trading volume of 3,388,847 shares, compared to its average volume of 1,658,960. The stock has a fifty day moving average price of $66.22 and a 200 day moving average price of $65.64. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.04 and a beta of 0.84. Zions Bancorporation, N.A. has a one year low of $48.50 and a one year high of $73.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.14. Zions Bancorporation, N.A. had a net margin of 23.92% and a return on equity of 13.72%. The business had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $889.52 million. During the same quarter in the previous year, the firm posted $1.48 EPS. On average, research analysts forecast that Zions Bancorporation, N.A. will post 6.60 EPS for the current fiscal year.

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

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $69.65, for a total value of $62,267.10. Following the transaction, the executive vice president directly owned 17,449 shares of the company’s stock, valued at $1,215,322.85. The trade was a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Scott J. Mclean sold 33,285 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total value of $2,350,919.55. Following the completion of the sale, the president owned 73,043 shares of the company’s stock, valued at $5,159,027.09. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 88,787 shares of company stock worth $6,283,858 in the last ninety days. 1.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Zions Bancorporation, N.A. during the 2nd quarter valued at $982,244,000. Dimensional Fund Advisors LP grew its holdings in Zions Bancorporation, N.A. by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,477,126 shares of the bank’s stock worth $430,813,000 after acquiring an additional 56,438 shares during the last quarter. First Trust Advisors LP increased its position 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 valued at $110,505,000 after acquiring an additional 425,325 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Zions Bancorporation, N.A. in the second quarter valued at about $87,961,000. Finally, Deutsche Bank AG purchased a new position in shares of Zions Bancorporation, N.A. in the second quarter valued at about $71,767,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. News Roundup

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

• Positive Sentiment: Zions reported third-quarter net earnings applicable to common shareholders of $262 million, or $1.78 per diluted share, up from $221 million, or $1.48 per share, a year earlier. EPS exceeded the $1.64 consensus estimate. Zions Bancorporation Third Quarter Financial Results
• Positive Sentiment: Underlying banking trends were solid: net interest income increased 2% to $684 million, deposits rose 4% to $77.9 billion, and loans grew 4% to $62.5 billion. The provision for credit losses swung to an $8 million benefit from a $49 million expense last year, while net charge-offs fell to $3 million from $56 million. Zions Third Quarter Net Earnings
• Positive Sentiment: The bank’s estimated common equity tier 1 capital ratio improved to 11.8% from 11.3%, supporting its financial resilience and potential shareholder returns.
• Positive Sentiment: DA Davidson raised its price target from $79 to $80 and maintained a “buy” rating, indicating confidence in further upside.
• Neutral Sentiment: RBC maintained a “sector perform” rating with a $76 target, while TD Cowen reaffirmed “hold” with a $69 target. These targets remain above the recent trading level but imply limited conviction.
• Neutral Sentiment: JPMorgan raised its target from $86 to $87 but retained an “underweight” rating, suggesting the bank’s valuation upside is outweighed by broader concerns.
• Negative Sentiment: Morgan Stanley cut its target from $78 to $77 and assigned an “underweight” rating, adding pressure from a cautious institutional view.
• Negative Sentiment: Quarterly revenue was approximately $887 million, slightly below the roughly $890 million consensus estimate, tempering the strong EPS performance.

About Zions Bancorporation, N.A.

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.