Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Lowered to $80.00 at Stephens

Zions Bancorporation, N.A. (NASDAQ:ZION) had its target price trimmed by Stephens from $82.00 to $80.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

ZION has been the subject of a number of other reports. Piper Sandler decreased their target price on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Barclays raised their price target on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 22nd. Cantor Fitzgerald lifted their price objective on Zions Bancorporation, N.A. from $69.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. lowered Zions Bancorporation, N.A. from a “neutral” rating to an “underweight” rating and set a $75.00 price objective for the company. in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on Zions Bancorporation, N.A. from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus target price of $71.29.

Zions Bancorporation, N.A. Trading Down 4.0%

Shares of NASDAQ ZION opened at $69.05 on Tuesday. The company’s fifty day moving average is $66.13 and its 200-day moving average is $61.99. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.72 and a beta of 0.80. Zions Bancorporation, N.A. has a twelve month low of $46.19 and a twelve month high of $73.34. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $859.00 million during the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a net margin of 23.92% and a return on equity of 13.99%. During the same quarter in the previous year, the business earned $1.13 EPS. Equities research analysts predict that Zions Bancorporation, N.A. will post 6.49 EPS for the current year.

Zions Bancorporation, N.A. announced that its board has initiated a share buyback plan on Saturday, May 2nd that allows the company to repurchase $225.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.80 annualized dividend and a yield of 2.6%. Zions Bancorporation, N.A.’s payout ratio is presently 27.99%.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 4,209 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $62.50, for a total transaction of $263,062.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.43% of the stock is owned by company insiders.

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

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in shares of Zions Bancorporation, N.A. by 17.0% in the second quarter. Handelsbanken Fonder AB now owns 46,100 shares of the bank’s stock valued at $3,190,000 after buying an additional 6,700 shares during the last quarter. Arista Wealth Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth approximately $230,000. Everhart Financial Group Inc. acquired a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth approximately $224,000. Beacon Investment Advisory Services Inc. increased its holdings in shares of Zions Bancorporation, N.A. by 12.6% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 12,895 shares of the bank’s stock worth $892,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in Zions Bancorporation, N.A. by 528.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 415 shares of the bank’s stock valued at $29,000 after acquiring an additional 349 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

More Zions Bancorporation, N.A. News

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: Zions reported Q2 adjusted earnings of $1.74 per share, ahead of estimates, with revenue of $878 million also slightly above forecasts. The bank also highlighted solid year-over-year earnings growth and improved core loan activity. Zions Bancorporation, National Association Reports Second Quarter Financial Results
• Positive Sentiment: Several analysts raised price targets after the earnings release, including DA Davidson, RBC, Wells Fargo, Stephens, and TD Cowen, signaling that Wall Street still sees upside even after the recent run-up. Zions Bancorp Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings
• Neutral Sentiment: Recent analyst actions were mixed overall: some firms lifted targets while JPMorgan downgraded the stock to underweight, and several notes still cluster around a hold/neutral view. Analyst rating updates
• Neutral Sentiment: Unusually heavy put-option buying suggests some traders are hedging or betting on near-term downside, which may be adding pressure to sentiment. Options activity
• Negative Sentiment: The stock is under pressure because investors are focusing on the quality of earnings: a large portion of Q2 profit came from investment gains, while net interest margin was flat and deposit growth/loan growth were only modest. Zions Q2 Earnings Beat as Revenues Rise, Stock Dips on Cost Woes
• Negative Sentiment: GF Value and related commentary indicate the shares still look overvalued after the recent rally, which may be limiting buying interest. Zions Bancorp NA Shares Fall 4.0% — GF Value Says Still Overvalued

About Zions Bancorporation, N.A.

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.