Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $80.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price objective hoisted by DA Davidson from $79.00 to $80.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the bank’s stock.

A number of other equities analysts also recently commented on the stock. Cantor Fitzgerald reduced their target price on shares of Zions Bancorporation, N.A. from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Zions Bancorporation, N.A. in a research note on Friday, July 31st. Evercore downgraded shares of Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price target for the company. in a report on Thursday, July 23rd. JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, N.A. from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 1st. Finally, Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Zions Bancorporation, N.A. presently has an average rating of “Hold” and an average target price of $73.56.

Zions Bancorporation, N.A. Trading Up 1.0%

Shares of ZION stock opened at $66.39 on Tuesday. The company’s 50-day moving average price is $65.86 and its 200-day moving average price is $65.79. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.08 and a beta of 0.84. Zions Bancorporation, N.A. has a twelve month low of $48.50 and a twelve month high of $73.34.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data 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 24.81% and a return on equity of 13.77%. The firm had revenue of $887.00 million during the quarter, compared to analyst estimates of $889.52 million. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, equities analysts predict that Zions Bancorporation, N.A. will post 6.61 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend 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 dividend payout ratio (DPR) is currently 23.56%.

Zions Bancorporation, N.A. declared that its board has authorized a share repurchase program on Thursday, July 30th that allows the company to repurchase $75.00 million in shares. This buyback authorization allows the bank to buy up to 0.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Derek Steward sold 894 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $69.65, for a total transaction of $62,267.10. Following the completion of the sale, the executive vice president directly owned 17,449 shares of the company’s stock, valued at approximately $1,215,322.85. This trade represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Law sold 4,608 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.42, for a total transaction of $333,711.36. Following the completion of the sale, the executive vice president owned 32,890 shares in the company, valued at approximately $2,381,893.80. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,787 shares of company stock valued at $6,283,858. 1.43% of the stock is currently owned by insiders.

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

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at approximately $982,244,000. Bank of New York Mellon Corp acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $87,961,000. Deutsche Bank AG acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $71,767,000. The Manufacturers Life Insurance Company acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $54,688,000. Finally, Azora Capital LP purchased a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth approximately $52,233,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Zions Bancorporation, N.A.

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.