Zions Bancorporation, N.A. $ZION Stock: Crossmark Global Holdings Inc. Boosts Position

Crossmark Global Holdings Inc. grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 301.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,563 shares of the bank’s stock after purchasing an additional 82,281 shares during the period. Crossmark Global Holdings Inc.’s holdings in Zions Bancorporation, N.A. were worth $6,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ZION. Physician Wealth Advisors Inc. grew its holdings in shares of Zions Bancorporation, N.A. by 17.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 25,820 shares of the bank’s stock worth $1,618,000 after purchasing an additional 3,769 shares during the period. Nisa Investment Advisors LLC raised its holdings in Zions Bancorporation, N.A. by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 39,798 shares of the bank’s stock valued at $2,493,000 after buying an additional 1,092 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at about $522,000. Pension & Wealth Management Advisors Inc. acquired a new position in Zions Bancorporation, N.A. in the third quarter valued at about $27,000. Finally, Essex LLC lifted its position in Zions Bancorporation, N.A. by 7.0% in the third quarter. Essex LLC now owns 5,415 shares of the bank’s stock valued at $339,000 after buying an additional 355 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Zions Bancorporation, N.A. from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Zions Bancorporation, N.A. in a research note on Friday, July 31st. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $76.00 price objective on shares of Zions Bancorporation, N.A. in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $86.00 to $87.00 and gave the stock an “underweight” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.56.

Trending Headlines about Zions Bancorporation, N.A.

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

• Positive Sentiment: Zions reported its fourth consecutive earnings beat, with third-quarter EPS of $1.78 exceeding the $1.64 consensus estimate. Robust loan growth—particularly in commercial real estate—strong profitability, low non-performing loans and an investment-grade credit rating strengthen the bank’s outlook. The approximately 3% dividend yield, low payout ratio and potentially attractive valuation based on forward earnings and book value also support investor interest. Zions Bancorporation: Q3 Results Support A Bullish View As Loan Demand Proves Resilient
• Positive Sentiment: DA Davidson raised its price target for ZION, signaling improved valuation potential following the bank’s quarterly performance. Zions Bancorporation Stock Gets Price Target Boost from DA Davidson
• Positive Sentiment: Piper Sandler increased its price target from $68 to $69 while retaining a neutral rating, modestly improving its valuation outlook. Piper Sandler Zions rating update
• Neutral Sentiment: TD Cowen reaffirmed its “Hold” rating, while RBC assigned a “Sector Perform” rating, indicating that analysts see ZION as fairly valued relative to the broader banking sector. TD Cowen Zions rating update RBC Zions Sector Perform rating
• Negative Sentiment: Morgan Stanley cut its price target, and Citigroup lowered its target from $73 to $70 while maintaining a neutral rating. These actions suggest some concern that the recent earnings strength may already be reflected in the share valuation. Morgan Stanley Zions price target update Citigroup Zions price target update

Insider Activity

In other Zions Bancorporation, N.A. news, EVP Scott A. Law sold 4,608 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.42, for a total transaction of $333,711.36. Following the sale, the executive vice president directly owned 32,890 shares in the company, valued at $2,381,893.80. This represents a 12.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Derek Steward sold 894 shares of the 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 sale, the executive vice president owned 17,449 shares in the company, valued at approximately $1,215,322.85. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,787 shares of company stock valued at $6,283,858. 1.43% of the stock is currently owned by company insiders.

Zions Bancorporation, N.A. Stock Performance

Shares of Zions Bancorporation, N.A. stock opened at $66.39 on Friday. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.84. The business has a 50-day moving average of $65.86 and a 200 day moving average of $65.79. Zions Bancorporation, N.A. has a 12 month low of $48.50 and a 12 month high of $73.34.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results 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 analyst estimates 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 period in the prior year, the firm earned $1.48 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.61 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.9%. Zions Bancorporation, N.A.’s payout ratio is 23.56%.

Zions Bancorporation, N.A. announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 30th that authorizes the company to buy back $75.00 million in shares. This repurchase authorization authorizes the bank to reacquire up to 0.7% of its shares through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.