Diversified Management Inc. Has $458,000 Stock Position in Zions Bancorporation, N.A. $ZION

Key Points

• Diversified Management Inc. cut its Zions Bancorporation stake by 82.6% in the second quarter, selling 31,486 shares and retaining 6,622 shares worth approximately $458,000. Institutional investors and hedge funds collectively own 76.84% of ZION.
• Analyst sentiment remains mixed: ZION has a consensus rating of Hold and an average price target of $71.29, while recent estimates included both higher near-term EPS forecasts and lower longer-term projections.
• Zions raised its quarterly dividend to $0.48 per share, implying a 2.7% yield, and maintains a $225 million buyback authorization. However, company insiders have sold 88,787 shares worth about $6.3 million over the past 90 days.

Diversified Management Inc. lowered its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 82.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,622 shares of the bank's stock after selling 31,486 shares during the period. Diversified Management Inc.'s holdings in Zions Bancorporation, N.A. were worth $458,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Zions Bancorporation, N.A. in the fourth quarter valued at $105,700,000. Balyasny Asset Management L.P. raised its position in Zions Bancorporation, N.A. by 1,270.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,146,992 shares of the bank's stock worth $67,145,000 after acquiring an additional 1,063,303 shares in the last quarter. AQR Capital Management LLC lifted its stake in Zions Bancorporation, N.A. by 31.6% in the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank's stock valued at $167,677,000 after acquiring an additional 711,218 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Zions Bancorporation, N.A. in the second quarter valued at $32,008,000. Finally, FIL Ltd grew its position in shares of Zions Bancorporation, N.A. by 117.6% in the 4th quarter. FIL Ltd now owns 1,113,079 shares of the bank's stock valued at $65,160,000 after acquiring an additional 601,610 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Key Stories Impacting Zions Bancorporation, N.A.

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $6.51 from $6.31 and lifted Q4 2026 EPS to $1.62 from $1.60. It also increased Q1 2027 and Q2 2027 forecasts slightly, suggesting somewhat better near-term earnings expectations. Zions Bancorporation stock information
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. However, the report’s “NaN” percentage change indicates a data-quality issue, making the information unsuitable as a meaningful trading signal. Zions Bancorporation short-interest information
• Negative Sentiment: Zacks Research lowered several forward estimates, including Q3 2026 EPS to $1.59 from $1.60, FY2027 EPS to $6.54 from $6.56, Q1 2028 EPS to $1.61 from $1.70, Q2 2028 EPS to $1.70 from $1.77, and FY2028 EPS to $7.00 from $7.34. The largest cuts point to reduced longer-term earnings expectations and may weigh on valuation. Zions Bancorporation analyst estimates

Analysts Set New Price Targets

Several research firms have recently weighed in on ZION. Truist Financial boosted their price objective on shares of Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the stock a "hold" rating in a research note on Friday, July 10th. JPMorgan Chase & Co. downgraded shares of Zions Bancorporation, N.A. from a "neutral" rating to an "underweight" rating and set a $75.00 target price for the company. in a research note on Tuesday, July 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Zions Bancorporation, N.A. in a report on Friday, July 31st. Royal Bank Of Canada boosted their price target on Zions Bancorporation, N.A. from $74.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird upped their price objective on Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $71.29.

Insider Activity at Zions Bancorporation, N.A.

In related news, President Scott J. Mclean sold 33,285 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total value of $2,350,919.55. Following the transaction, the president owned 73,043 shares in the company, valued at approximately $5,159,027.09. This represents a 31.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Derek Steward sold 894 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total transaction of $62,267.10. Following the completion of the transaction, the executive vice president directly owned 17,449 shares in the company, valued at approximately $1,215,322.85. This represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 88,787 shares of company stock worth $6,283,858. Insiders own 1.43% of the company's stock.

Zions Bancorporation, N.A. Price Performance

NASDAQ:ZION opened at $71.00 on Wednesday. Zions Bancorporation, N.A. has a one year low of $46.19 and a one year high of $73.34. The company has a market cap of $10.36 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.68 and a beta of 0.81. The firm's fifty day moving average price is $68.75 and its two-hundred day moving average price is $63.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84.

Zions Bancorporation, N.A. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.45. Zions Bancorporation, N.A.'s payout ratio is presently 22.93%.

Zions Bancorporation, N.A. announced that its board has initiated 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 purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors 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.

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