Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $87.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its target price increased by JPMorgan Chase & Co. from $86.00 to $87.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the bank’s stock.

ZION has been the subject of several other reports. Stephens reduced their target price on Zions Bancorporation, N.A. from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group initiated coverage on Zions Bancorporation, N.A. in a research note on Monday, September 14th. They set a “buy” rating and a $78.00 price target on the stock. Piper Sandler dropped their price target on Zions Bancorporation, N.A. from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Finally, TD Cowen reaffirmed a “hold” rating and set a $69.00 price target on shares of Zions Bancorporation, N.A. in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus target price of $73.56.

Zions Bancorporation, N.A. Price Performance

Shares of ZION opened at $66.39 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.84. Zions Bancorporation, N.A. has a 1-year low of $48.50 and a 1-year high of $73.34. The stock has a market cap of $9.69 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.08 and a beta of 0.84. The firm has a fifty day moving average price of $65.86 and a 200 day moving average price of $65.79.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.14. The company had revenue of $887.00 million for the quarter, compared to analyst estimates of $889.52 million. Zions Bancorporation, N.A. had a return on equity of 13.77% and a net margin of 24.81%. During the same quarter last year, the company posted $1.48 earnings per share. As a group, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 6.61 EPS 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. Investors of record on Thursday, August 13th were paid 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 yield of 2.9%. This is an increase 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. announced that its Board of Directors has authorized a share buyback program on Thursday, July 30th that allows the company to repurchase $75.00 million in outstanding shares. This buyback authorization allows the bank to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, President Scott Mclean sold 33,285 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the transaction, the president directly owned 73,043 shares of the company’s stock, valued at approximately $5,159,027.09. This trade represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott Law sold 4,608 shares of Zions Bancorporation, N.A. stock in a transaction on 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 transaction, the executive vice president owned 32,890 shares in the company, valued at approximately $2,381,893.80. This represents a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 88,787 shares of company stock valued at $6,283,858. Insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZION. BlackRock Inc. acquired a new position in Zions Bancorporation, N.A. in the 2nd quarter valued at about $982,244,000. Dimensional Fund Advisors LP raised its stake in Zions Bancorporation, N.A. by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,477,126 shares of the bank’s stock valued at $430,813,000 after acquiring an additional 56,438 shares during the last quarter. First Trust Advisors LP raised its stake in Zions Bancorporation, N.A. by 28.5% during the 1st 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 last quarter. Bank of New York Mellon Corp acquired a new stake in Zions Bancorporation, N.A. during the 2nd quarter worth approximately $87,961,000. Finally, Quantinno Capital Management LP lifted its position in Zions Bancorporation, N.A. by 50.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,242,578 shares of the bank’s stock worth $71,597,000 after acquiring an additional 414,902 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Key Headlines 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.