Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Gets Price Target Reduction from Morgan Stanley

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price target lowered by Morgan Stanley from $78.00 to $77.00 in a report issued on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the bank’s stock.

Several other analysts also recently weighed in on ZION. UBS Group initiated coverage on Zions Bancorporation, N.A. in a research note on Monday, September 14th. They issued a “buy” rating and a $78.00 price target on the stock. Evercore cut Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 price objective for the company. in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $76.00 target price on shares of Zions Bancorporation, N.A. in a report on Tuesday. TD Cowen reissued a “hold” rating and issued a $69.00 target price on shares of Zions Bancorporation, N.A. in a research note on Tuesday. Finally, Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Thursday, October 15th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. has an average rating of “Hold” and a consensus price target of $73.56.

Zions Bancorporation, N.A. Trading Up 1.0%

NASDAQ:ZION opened at $66.39 on Tuesday. The firm has a market capitalization of $9.69 billion, a P/E ratio of 8.15, a PEG ratio of 1.08 and a beta of 0.84. 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 one year low of $48.50 and a one year high of $73.34. The company’s 50-day simple moving average is $65.86 and its 200 day simple moving average is $65.79.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 19th. The bank reported $1.78 earnings per share for the quarter, topping 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 business had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $889.52 million. During the same quarter in the prior year, the company earned $1.48 earnings per share. As a group, analysts forecast that Zions Bancorporation, N.A. will post 6.61 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, August 13th. 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 presently 23.56%.

Zions Bancorporation, N.A. declared that its board has initiated a stock repurchase plan on Thursday, July 30th that allows the company to buy back $75.00 million in shares. This repurchase authorization allows the bank to repurchase up to 0.7% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling 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 stock was sold at an average price of $69.65, for a total transaction of $62,267.10. Following the sale, the executive vice president directly owned 17,449 shares in the company, 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 SEC, which is accessible through this hyperlink. 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 value of $333,711.36. Following the completion of the sale, the executive vice president directly owned 32,890 shares of the company’s stock, valued at approximately $2,381,893.80. The trade was a 12.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 88,787 shares of company stock worth $6,283,858. Insiders own 1.43% of the company’s stock.

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

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Zions Bancorporation, N.A. in the 2nd quarter worth about $982,244,000. Dimensional Fund Advisors LP lifted 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 period. First Trust Advisors LP boosted its holdings in shares of 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 purchased a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter valued at about $87,961,000. Finally, Quantinno Capital Management LP grew its stake in shares of Zions Bancorporation, N.A. by 50.1% in the first 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. 76.84% of the stock is currently owned by institutional investors.

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.