M&T Bank Corp Makes New Investment in Zions Bancorporation, N.A. $ZION

Key Points

• M&T Bank Corp bought a new stake of 146,753 shares of Zions (≈$8.59 million), representing about 0.10% of the company per its SEC filing.
• Multiple major analysts have raised price targets for ZION (e.g., JPMorgan, Citigroup, Barclays, RBC), but the consensus rating remains "Hold" with an average price target of $64.94.
• Insiders have been net sellers recently—President Scott J. Mclean sold 28,980 shares and insiders sold 55,581 shares totaling about $3.50 million in the past three months—while Zions reported an EPS beat of $1.56 vs. $1.43 and declared a $0.45 quarterly dividend (≈2.9% yield).

M&T Bank Corp purchased a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 146,753 shares of the bank's stock, valued at approximately $8,591,000. M&T Bank Corp owned 0.10% of Zions Bancorporation, N.A. as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth about $36,000. Salomon & Ludwin LLC acquired a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth about $37,000. V Square Quantitative Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 4th quarter worth about $42,000. Quent Capital LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $45,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Zions Bancorporation, N.A. by 3,950.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank's stock worth $46,000 after acquiring an additional 790 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZION shares. Citigroup increased their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday. Barclays increased their target price on shares of Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an "underweight" rating in a research note on Wednesday. Evercore increased their target price on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an "in-line" rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada increased their target price on shares of Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.94.

Insider Transactions at Zions Bancorporation, N.A.

In related news, President Scott J. Mclean sold 28,980 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.15, for a total value of $1,772,127.00. Following the transaction, the president directly owned 82,250 shares of the company's stock, valued at approximately $5,029,587.50. This trade represents a 26.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eric Ellingsen sold 1,519 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the transaction, the vice president directly owned 40,361 shares in the company, valued at $2,472,918.47. This represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 55,581 shares of company stock worth $3,498,774 in the last three months. 1.43% of the stock is owned by corporate insiders.

Trending Headlines about Zions Bancorporation, N.A.

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

• Positive Sentiment: Zions’ earnings call was reported to signal durable momentum after the quarter — investors may be reacting to management’s tone on loan growth and margins. Zions Bancorporation Earnings Call Signals Durable Momentum
• Positive Sentiment: Barclays published a note saying ZION’s stock is expected to rise; analyst endorsement adds to bullish analyst momentum. Zions Bancorporation, N.A. NASDAQ: ZION Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: DA Davidson reiterated/issued a positive outlook, further supporting buy-side interest. Zions Bancorporation, N.A. NASDAQ: ZION Stock Price Expected to Rise, DA Davidson Analyst Says
• Positive Sentiment: Citigroup forecasted strong price appreciation for ZION, adding another large-bank bull view to the story. Citigroup Forecasts Strong Price Appreciation for Zions Bancorporation, N.A. NASDAQ: ZION Stock
• Positive Sentiment: TD Cowen raised its price target to $65, reflecting improved analyst expectations post-quarter. TD Cowen Boosts Zions Bancorporation, N.A. NASDAQ: ZION Price Target to $65.00
• Positive Sentiment: Robert W. Baird issued a positive note expecting the shares to rise, contributing to the cluster of upgrade activity. Zions Bancorporation, N.A. NASDAQ: ZION Stock Price Expected to Rise, Robert W. Baird Analyst Says
• Positive Sentiment: JPMorgan published a bullish forecast for ZION’s price appreciation, another large-bank endorsement that can support multiple-target upgrades. JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Zions Bancorporation, N.A. NASDAQ: ZION Stock
• Positive Sentiment: Royal Bank of Canada raised its price target to $68, the highest target in this wave of upgrades, reinforcing upside expectations. Royal Bank Of Canada Raises Zions Bancorporation, N.A. NASDAQ: ZION Price Target to $68.00
• Positive Sentiment: Zacks highlighted ZION as a top momentum stock for the long term, adding third-party momentum research to the narrative. Why Zions (ZION) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: The short-interest data posted for April is internally inconsistent (shows a large increase but records zero shares), so there’s no clear signal that short activity is driving today’s move.
• Negative Sentiment: Despite the analyst tailwinds and an earnings beat on EPS, the stock is down today on lower-than-average intraday volume — suggestive of profit-taking or rotation rather than a fundamentals-driven selloff.

Zions Bancorporation, N.A. Trading Down 2.1%

Shares of Zions Bancorporation, N.A. stock opened at $61.34 on Friday. The firm has a market capitalization of $9.02 billion, a PE ratio of 9.54, a P/E/G ratio of 2.16 and a beta of 0.81. Zions Bancorporation, N.A. has a twelve month low of $43.64 and a twelve month high of $66.18. The firm's 50-day moving average price is $58.56 and its 200 day moving average price is $57.24. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.13. The firm had revenue of $849.00 million for the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same period last year, the company posted $1.13 EPS. On average, sell-side analysts predict that Zions Bancorporation, N.A. will post 6.38 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 27.99%.

Zions Bancorporation, N.A. Company Profile

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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