Zions Bancorporation, N.A. Target of Unusually High Options Trading (NASDAQ:ZION)

Posted by Joseph Casey on Jul 21st, 2026

Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) saw unusually large options trading activity on Tuesday. Traders bought 6,404 put options on the company. This is an increase of approximately 454% compared to the average volume of 1,156 put options.

More Zions Bancorporation, N.A. News

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

Positive Sentiment: Zions reported second-quarter EPS of $1.74, ahead of the $1.57 consensus estimate, while revenue of $878 million also came in roughly in line with expectations. Zions Bancorporation, National Association Reports Second Quarter Financial Results
Positive Sentiment: Management highlighted strong quarterly earnings and strategic growth in its earnings call coverage, reinforcing the idea that operating performance remains healthy. Zions Bancorp NA (ZION) Q2 2026 Earnings Call Highlights: Strong Earnings and Strategic Growth …
Neutral Sentiment: TD Cowen raised its price target to $73 from $71 but kept a hold rating, suggesting limited near-term upside from the firm’s perspective. Benzinga
Neutral Sentiment: Robert W. Baird lifted its target to $75 from $68 and maintained a neutral view, which supports valuation but does not signal a strong buy. Tickerreport.com
Negative Sentiment: JPMorgan reaffirmed an underweight rating, even though it set a $75 price target, adding a cautious tone for investors. Benzinga
Neutral Sentiment: Zacks also published commentary framing Zions as a momentum name and reviewing the quarter’s key metrics, but these items are largely interpretive rather than new fundamental catalysts. Why Zions (ZION) is a Top Momentum Stock for the Long-Term

Zions Bancorporation, N.A. Price Performance

ZION traded down $3.00 during trading on Tuesday, hitting $68.89. The company’s stock had a trading volume of 2,218,627 shares, compared to its average volume of 1,735,989. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average price is $65.96 and its two-hundred day moving average price is $61.92.

Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.17. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $877.44 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same quarter in the prior year, the business posted $1.63 EPS. Sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.49 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. declared that its Board of Directors has approved a stock buyback plan on Saturday, May 2nd that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the bank to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Zions Bancorporation, N.A. Announces Dividend

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

Insider Activity

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

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

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

Analyst Ratings Changes

A number of research analysts recently weighed in on ZION shares. Barclays raised their target price on shares of Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a report on Wednesday, April 22nd. Citigroup boosted their price objective on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. DA Davidson raised their price objective on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, TD Cowen boosted their target price on shares of Zions Bancorporation, N.A. from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday. Six 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 company. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average target price of $70.88.

Check Out Our Latest Stock Report on Zions Bancorporation, N.A.

Zions Bancorporation, N.A. Company Profile

(Get Free Report)

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.