Zions Bancorporation, N.A. (NASDAQ:ZION) Shares Gap Down Following Analyst Downgrade

Zions Bancorporation, N.A. (NASDAQ:ZION) gapped down prior to trading on Tuesday after JPMorgan Chase & Co. downgraded the stock from a neutral rating to an underweight rating. The stock had previously closed at $71.89, but opened at $68.02. JPMorgan Chase & Co. now has a $75.00 price target on the stock. Zions Bancorporation, N.A. shares last traded at $68.9520, with a volume of 770,966 shares traded.

Several other analysts also recently commented on ZION. Morgan Stanley increased their target price on Zions Bancorporation, N.A. from $68.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. TD Cowen boosted their price target on Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Piper Sandler lowered their price target on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Citigroup upped their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Finally, Robert W. Baird increased their price objective on Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.53.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 4,209 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $62.50, for a total value of $263,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.43% of the stock is currently owned by company insiders.

Key Zions Bancorporation, N.A. News

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

• Positive Sentiment: Zions reported second-quarter earnings per share of $1.74, beating the consensus estimate of $1.57, while revenue of $878 million was slightly ahead of expectations. The company also highlighted net earnings of $452 million, supporting the stock. Zions Bancorporation, National Association Reports Second Quarter Financial Results
• Positive Sentiment: Robert W. Baird raised its price target on Zions Bancorporation, N.A. from $68 to $75, signaling continued confidence in the bank’s outlook even while keeping a neutral rating. Tickerreport.com
• Neutral Sentiment: Multiple earnings-call recaps and transcripts are circulating, keeping attention on Zions’ Q2 results and management commentary for clues about loan growth, margins, and credit quality. Zions Bancorp NA (ZION) Q2 2026 Earnings Call Highlights: Strong Earnings and Strategic Growth …
• Negative Sentiment: JPMorgan Chase & Co. downgraded Zions Bancorporation, N.A. from neutral to underweight, which could temper enthusiasm despite the earnings beat. Benzinga

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Elevation Wealth Partners LLC increased its position in shares of Zions Bancorporation, N.A. by 528.8% during the 2nd 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. Torren Management LLC bought a new stake in Zions Bancorporation, N.A. during the fourth quarter valued at approximately $32,000. Leonteq Securities AG bought a new stake in Zions Bancorporation, N.A. during the fourth quarter valued at approximately $32,000. Atlas Capital Advisors Inc. purchased a new stake in Zions Bancorporation, N.A. during the fourth quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC purchased a new stake in Zions Bancorporation, N.A. during the fourth quarter valued at approximately $42,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Down 4.1%

The company’s 50-day simple moving average is $65.96 and its two-hundred day simple moving average is $61.92. The firm has a market capitalization of $10.14 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.17. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $877.44 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, research analysts expect that Zions Bancorporation, N.A. will post 6.49 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

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

Zions Bancorporation, N.A. announced that its Board of Directors has approved a share repurchase program on Saturday, May 2nd that authorizes the company to repurchase $225.00 million in shares. This repurchase authorization authorizes the bank to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.