Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Rating Reaffirmed as Hold by TD Cowen

Zions Bancorporation, N.A. (NASDAQ:ZION)‘s stock had its “hold” rating reiterated by analysts at TD Cowen in a report issued on Tuesday, Benzinga reports. They presently have a $69.00 target price on the bank’s stock. TD Cowen‘s price objective indicates a potential upside of 6.83% from the stock’s current price.

Several other analysts also recently weighed in on ZION. Stephens decreased their target price on Zions Bancorporation, N.A. from $82.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Evercore downgraded 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 report on Thursday, July 23rd. Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Thursday, October 15th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $76.00 target price on shares of Zions Bancorporation, N.A. in a research report on Tuesday. Finally, Truist Financial decreased their target price on Zions Bancorporation, N.A. from $72.00 to $67.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.59.

Zions Bancorporation, N.A. Trading Up 2.3%

ZION traded up $1.45 during trading on Tuesday, reaching $64.59. The company had a trading volume of 3,388,847 shares, compared to its average volume of 1,658,960. The stock has a market cap of $9.43 billion, a P/E ratio of 8.23, a PEG ratio of 1.04 and a beta of 0.84. The business has a 50 day simple moving average of $66.22 and a 200-day simple moving average of $65.64. Zions Bancorporation, N.A. has a 52 week low of $48.50 and a 52 week high of $73.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, October 19th. The bank reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.14. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%. The business had revenue of $887.00 million during the quarter, compared to the consensus estimate of $889.52 million. During the same period last year, the company earned $1.48 earnings per share. On average, equities analysts anticipate that Zions Bancorporation, N.A. will post 6.60 EPS for the current fiscal year.

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

Insider Activity

In other news, EVP Scott Law sold 4,608 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total transaction of $333,711.36. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $2,350,919.55. Following the transaction, the president owned 73,043 shares in the company, valued at approximately $5,159,027.09. This represents a 31.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 88,787 shares of company stock worth $6,283,858. Company insiders own 1.43% of the company’s stock.

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

Several institutional investors have recently made changes to their positions in ZION. Burns Matteson Capital Management LLC purchased a new position in Zions Bancorporation, N.A. in the third quarter valued at about $522,000. Pension & Wealth Management Advisors Inc. purchased a new position in Zions Bancorporation, N.A. in the third quarter valued at about $27,000. Essex LLC grew its stake in Zions Bancorporation, N.A. by 7.0% in the third quarter. Essex LLC now owns 5,415 shares of the bank’s stock valued at $339,000 after purchasing an additional 355 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Zions Bancorporation, N.A. in the third quarter valued at about $1,027,000. Finally, Fragasso Financial Advisors Inc purchased a new position in Zions Bancorporation, N.A. in the third quarter valued at about $375,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Trending Headlines about Zions Bancorporation, N.A.

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.