Zions Bancorporation, N.A. $ZION Position Trimmed by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management reduced its Zions Bancorporation stake by 3.6% in the second quarter, selling 19,425 shares and retaining 524,818 shares worth approximately $36.3 million. Institutional investors collectively own 76.84% of the stock.
• Zions raised its quarterly dividend to $0.48 per share, equivalent to a 2.7% yield, and authorized a $225 million share-repurchase program covering up to 2.4% of outstanding shares.
• The stock opened at $71, near its 12-month high, but analysts maintain a consensus “Hold” rating with a $71.29 price target; insiders have sold 88,787 shares worth about $6.3 million over the past 90 days.

Wedge Capital Management L L P NC decreased its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524,818 shares of the bank's stock after selling 19,425 shares during the period. Wedge Capital Management L L P NC owned about 0.36% of Zions Bancorporation, N.A. worth $36,312,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 5.2% during the first quarter. Bessemer Group Inc. now owns 3,159 shares of the bank's stock worth $182,000 after acquiring an additional 157 shares in the last quarter. Signaturefd LLC raised its position in Zions Bancorporation, N.A. by 17.1% during the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank's stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. Michels Family Financial LLC lifted its stake in Zions Bancorporation, N.A. by 1.5% in the fourth quarter. Michels Family Financial LLC now owns 12,142 shares of the bank's stock valued at $711,000 after acquiring an additional 185 shares during the last quarter. C M Bidwell & Associates Ltd. grew its position in Zions Bancorporation, N.A. by 13.5% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank's stock worth $91,000 after acquiring an additional 185 shares in the last quarter. Finally, Alta Capital Management LLC increased its stake in shares of Zions Bancorporation, N.A. by 0.7% during the 4th quarter. Alta Capital Management LLC now owns 27,838 shares of the bank's stock worth $1,630,000 after purchasing an additional 203 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Up 0.5%

Shares of Zions Bancorporation, N.A. stock opened at $71.00 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34. The business has a fifty day simple moving average of $68.75 and a 200 day simple moving average of $63.08. The stock has a market cap of $10.36 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 13th. Zions Bancorporation, N.A.'s dividend payout ratio is currently 22.93%.

Zions Bancorporation, N.A. announced that its board has initiated a share repurchase plan on Saturday, May 2nd that authorizes the company to repurchase $225.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Zions Bancorporation, N.A. News Summary

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

Wall Street Analyst Weigh In

ZION has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of 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. Barclays boosted their price target on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 22nd. Citigroup upped their target price on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 22nd. TD Cowen raised their price objective on shares of Zions Bancorporation, N.A. from $71.00 to $73.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their price objective on Zions Bancorporation, N.A. from $74.00 to $76.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $71.29.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 894 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total transaction of $62,267.10. Following the sale, the executive vice president directly owned 17,449 shares in the company, valued at approximately $1,215,322.85. This trade represents a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Scott J. Mclean sold 33,285 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the completion of the transaction, the president directly owned 73,043 shares in the company, valued at approximately $5,159,027.09. The trade was a 31.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 88,787 shares of company stock worth $6,283,858 over the last ninety days. 1.43% of the stock is currently owned by corporate insiders.

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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