Vest Financial LLC purchased a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,622 shares of the bank’s stock, valued at approximately $1,393,000.
Other institutional investors have also modified their holdings of the company. Inscription Capital LLC lifted its stake in shares of Zions Bancorporation, N.A. by 91.0% during the third quarter. Inscription Capital LLC now owns 9,310 shares of the bank’s stock valued at $527,000 after buying an additional 4,435 shares during the period. Root Financial Partners LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth $232,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Zions Bancorporation, N.A. by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 60,168 shares of the bank’s stock worth $3,412,000 after purchasing an additional 3,278 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Zions Bancorporation, N.A. by 11.5% in the third quarter. Maryland State Retirement & Pension System now owns 7,533 shares of the bank’s stock valued at $426,000 after purchasing an additional 774 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Zions Bancorporation, N.A. by 5.1% in the third quarter. Sequoia Financial Advisors LLC now owns 77,840 shares of the bank’s stock valued at $4,404,000 after purchasing an additional 3,756 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on ZION shares. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Friday, October 17th. TD Cowen raised their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a report on Wednesday. Citigroup increased their price target on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Evercore ISI cut shares of Zions Bancorporation, N.A. from an “outperform” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.16.
Zions Bancorporation, N.A. Trading Down 3.2%
Shares of ZION stock opened at $59.08 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $62.26. The firm’s 50 day moving average price is $57.34 and its two-hundred day moving average price is $55.66. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.85.
Zions Bancorporation, N.A. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is 30.00%.
Insider Transactions at Zions Bancorporation, N.A.
In related news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the sale, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. This represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.22% of the company’s stock.
More Zions Bancorporation, N.A. News
Here are the key news stories impacting Zions Bancorporation, N.A. this week:
- Positive Sentiment: Multiple sell‑side price‑target raises: Stephens and Piper Sandler lifted targets to $65, reflecting stronger earnings momentum and upside to the stock. Stephens increases PT to $65
- Positive Sentiment: Royal Bank of Canada raised its target to $64 and highlighted upside prospects for ZION. RBC raises PT to $64
- Positive Sentiment: Piper Sandler reiteration/boost to $65 reinforces buy‑side interest after Q4 results. Piper Sandler boosts PT
- Positive Sentiment: TD Cowen flagged strong price‑appreciation potential for ZION, adding to bullish analyst tone. TD Cowen forecast
- Positive Sentiment: Company fundamentals: Q4 showed 31% net earnings growth, NII expansion, 2.5% YoY loan growth and improved asset quality (net charge‑offs ~0.05%), supporting earnings durability. Seeking Alpha: Zions strong setup
- Positive Sentiment: Earnings call recap highlighted profitable momentum and management commentary that reinforced the upbeat analyst moves. TipRanks earnings call summary
- Neutral Sentiment: Citigroup and Truist raised price targets (Citigroup to $64, Truist to $63) but kept neutral/hold stances, offering limited near‑term bullish conviction. Benzinga coverage
- Neutral Sentiment: Zacks published a piece on ZION’s dividend appeal — supportive for income investors but less likely to move the stock immediately. Zacks: Zions dividend story
Zions Bancorporation, N.A. Profile
Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.
The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.
See Also
- Five stocks we like better than Zions Bancorporation, N.A.
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- The $100 Trillion AI Story No One Is Telling You
- Buy This Stock at 9:30 AM on MONDAY!
- A U.S. “birthright” claim worth trillions – activated quietly
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report).
Receive News & Ratings for Zions Bancorporation N.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation N.A. and related companies with MarketBeat.com's FREE daily email newsletter.
