Zions Bancorporation, N.A. (NASDAQ:ZION) Raised to Outperform at Robert W. Baird

Zions Bancorporation, N.A. (NASDAQ:ZION) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, October 15th, Marketbeat.com reports. The firm presently has a $75.00 price target on the bank’s stock. Robert W. Baird‘s price objective points to a potential upside of 12.97% from the company’s previous close.

A number of other research analysts also recently weighed in on ZION. UBS Group started coverage on Zions Bancorporation, N.A. in a research note on Monday, September 14th. They set a “buy” rating and a $78.00 price target on the stock. Stephens reduced their price objective on Zions Bancorporation, N.A. from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Truist Financial decreased their price objective on Zions Bancorporation, N.A. from $72.00 to $67.00 and set a “hold” rating for the company in a report on Friday, October 9th. DA Davidson upped their target price on Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their target price on Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.88.

Zions Bancorporation, N.A. Stock Up 1.0%

NASDAQ:ZION traded up $0.68 during trading hours on Thursday, reaching $66.39. The company had a trading volume of 2,006,918 shares, compared to its average volume of 1,659,632. Zions Bancorporation, N.A. has a twelve month low of $48.50 and a twelve month high of $73.34. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.06 and a beta of 0.84. The business’s 50-day simple moving average is $65.97 and its two-hundred day simple moving average is $65.73.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.14. The company 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 prior year, the firm earned $1.48 EPS. On average, equities analysts expect that Zions Bancorporation, N.A. will post 6.60 earnings per share for the current year.

Zions Bancorporation, N.A. declared that its board has initiated a share repurchase plan on Thursday, July 30th that authorizes the company to repurchase $75.00 million in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 0.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction that occurred 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 transaction, the executive vice president owned 17,449 shares of the company’s stock, valued at $1,215,322.85. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Law sold 4,608 shares of the company’s 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 sale, the executive vice president owned 32,890 shares of the company’s stock, valued at $2,381,893.80. This trade represents a 12.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,787 shares of company stock valued at $6,283,858. Corporate insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Large investors have recently bought and sold shares of the stock. Pension & Wealth Management Advisors Inc. purchased a new position in Zions Bancorporation, N.A. during the 3rd quarter worth $27,000. Elevation Wealth Partners LLC raised its holdings 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 purchasing an additional 349 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Zions Bancorporation, N.A. in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Zions Bancorporation, N.A. during the second quarter valued at about $45,000. Finally, Burnham & Co LLC bought a new position in shares of Zions Bancorporation, N.A. during the second quarter valued at about $55,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. News Roundup

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

• Positive Sentiment: Strong Q3 performance: Zions reportedly delivered its fourth consecutive earnings beat, with robust loan growth—particularly in commercial real estate—while maintaining low non-performing loans, investment-grade credit quality, and solid returns on equity and operating margins. The bank’s approximately 3% dividend yield, low payout ratio, and potential undervaluation on forward earnings and book value also support the bullish case. Zions Bancorporation Q3 Results Support a Bullish View
• Positive Sentiment: Recent earnings momentum: Zions reported quarterly EPS of $1.78, exceeding the $1.64 consensus estimate and increasing from $1.48 a year earlier. Revenue was slightly below expectations, but the earnings beat and management’s growth commentary reinforce investor confidence. Zions Bancorporation Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Mixed analyst signals: DA Davidson raised its price target, while Piper Sandler increased its target to $69 and retained a Neutral rating. TD Cowen reaffirmed a Hold rating, and Royal Bank of Canada assigned Sector Perform, suggesting analysts see limited near-term upside despite the improved results.
• Negative Sentiment: Some target reductions: Morgan Stanley cut its price target, and Citigroup lowered its target from $73 to $70 while maintaining a Neutral rating. These actions may limit enthusiasm and indicate that portions of the analyst community believe the recent improvement is already reflected in ZION’s valuation.

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.