Zions Bancorporation, N.A.’s (ZION) Sector Perform Rating Reiterated at Royal Bank Of Canada

Posted by Teresa Graham on Oct 23rd, 2026

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $76.00 target price on the bank’s stock.

A number of other research analysts have also weighed in on ZION. Wells Fargo & Company raised their price objective on 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. 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. Wall Street Zen upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Thursday, October 15th. Finally, TD Cowen cut their price target on Zions Bancorporation, N.A. from $73.00 to $69.00 and set a “hold” rating for the company in a report on Monday, October 5th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.56.

Get Our Latest Report on ZION

Zions Bancorporation, N.A. Stock Performance

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

Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last announced its quarterly earnings results on Monday, October 19th. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.64 by $0.14. The business had revenue of $887.00 million for 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 in the previous year, the company earned $1.48 EPS. As a group, sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.61 earnings per share for the current fiscal 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 given a $0.48 dividend. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, August 13th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 23.56%.

Zions Bancorporation, N.A. announced that its board has initiated a share buyback plan on Thursday, July 30th that allows the company to buy back $75.00 million in outstanding shares. This buyback authorization allows the bank to buy up to 0.7% of its shares through open market purchases. Share buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 894 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total transaction of $62,267.10. Following the completion of the transaction, the executive vice president owned 17,449 shares in the company, valued at $1,215,322.85. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Law sold 4,608 shares of Zions Bancorporation, N.A. 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 completion of the transaction, the executive vice president directly owned 32,890 shares of the company’s stock, valued at $2,381,893.80. The trade was a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,787 shares of company stock valued at $6,283,858 over the last 90 days. 1.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ZION. BlackRock Inc. purchased a new position in Zions Bancorporation, N.A. in the second quarter worth about $982,244,000. Bank of New York Mellon Corp bought a new stake in Zions Bancorporation, N.A. during the second quarter worth approximately $87,961,000. Deutsche Bank AG purchased a new stake in Zions Bancorporation, N.A. during the second quarter valued at approximately $71,767,000. The Manufacturers Life Insurance Company purchased a new stake in Zions Bancorporation, N.A. during the second quarter valued at approximately $54,688,000. Finally, Azora Capital LP purchased a new stake in Zions Bancorporation, N.A. during the second quarter valued at approximately $52,233,000. 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

About Zions Bancorporation, N.A.

(Get Free Report)

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.