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

Key Points

• Crossmark Global Holdings increased its Zions stake by 301.6% in the third quarter, reaching 109,563 shares valued at approximately $6.9 million. Institutional investors collectively own 76.84% of the bank’s stock.
• Zions reported third-quarter EPS of $1.78, beating the $1.64 consensus estimate, while revenue of $887 million was slightly below expectations. The bank also raised its quarterly dividend to $0.48 and authorized a $75 million share buyback.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $73.56 target price, although several firms raised their targets and Robert W. Baird upgraded the stock to “Outperform.”

Crossmark Global Holdings Inc. boosted its stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 301.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,563 shares of the bank's stock after buying an additional 82,281 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.08% of Zions Bancorporation, N.A. worth $6,864,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. DA Davidson raised their price objective on Zions Bancorporation, N.A. from $79.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a "neutral" rating to an "outperform" rating and set a $75.00 target price for the company in a report on Thursday, October 15th. Piper Sandler raised their price target 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 restated a "buy (b)" rating on shares of Zions Bancorporation, N.A. in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of "Hold" and a consensus target price of $73.56.

Zions Bancorporation, N.A. Stock Performance

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

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.14. Zions Bancorporation, N.A. had a return on equity of 13.77% and a net margin of 24.81%. The company had revenue of $887.00 million during the quarter, compared to analysts' expectations of $889.52 million. During the same period in the prior year, the business earned $1.48 EPS. On average, research analysts predict that Zions Bancorporation, N.A. will post 6.61 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a $0.48 dividend. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 13th. Zions Bancorporation, N.A.'s payout ratio is currently 23.56%.

Zions Bancorporation, N.A. announced that its board has approved a stock buyback plan on Thursday, July 30th that permits the company to buy back $75.00 million in outstanding shares. This buyback authorization permits the bank to buy up to 0.7% of its stock through open market purchases. Share buyback plans are generally a sign that the company's board believes its shares are undervalued.

Zions Bancorporation, N.A. News Roundup

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 at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, President Scott J. Mclean sold 33,285 shares of Zions Bancorporation, N.A. stock in a transaction dated 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 transaction, the president directly owned 73,043 shares of the company's stock, valued at $5,159,027.09. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Law sold 4,608 shares of Zions Bancorporation, N.A. stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total transaction of $333,711.36. Following the transaction, the executive vice president directly owned 32,890 shares in the company, valued at $2,381,893.80. This trade represents a 12.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 88,787 shares of company stock valued at $6,283,858. 1.43% of the stock is owned by company insiders.

About Zions Bancorporation, N.A.

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.

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