Why Zions Bancorporation (ZION) Stock Is Down Today

Zions Bancorporation (ZION) is down 4.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a post-earnings reset after investors looked past the headline profit jump and focused on the quality of the quarter. This could be because a large portion of reported earnings came from investment-related gains, while core banking metrics such as margin were essentially steady and deposits were lower than the prior quarter.

Details:

Zions reported second-quarter net earnings of $452 million, or $3.05 per share, but that figure included a $215 million gain from liquidating Visa Class B-1 shares and a $37 million gain tied to an SBIC investment.

Excluding notable items, earnings were $1.74 per share, still above expectations, suggesting the market reaction was less about a miss and more about how investors judged the sustainability of the results.

Net interest income rose to $677 million, but net interest margin was 3.27%, flat from the prior quarter, which may have tempered enthusiasm for stronger near-term upside in core spread income.

The company said deposits were up from a year earlier but seasonally lower than the first quarter, while loan growth was modest year over year, reinforcing a more mixed read on the underlying banking business.

Sources:

Zions Bancorporation, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ZION Insider Trading Activity

$ZION insiders have traded $ZION stock on the open market 13 times in the past 6 months. Of those trades, 1 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $ZION stock by insiders over the last 6 months:

SCOTT J MCLEAN (President) has made 0 purchases and 2 sales selling 28,980 shares for an estimated $1,771,993.
STEVEN DAN STEPHENS (Executive Vice President) has made 0 purchases and 3 sales selling 15,476 shares for an estimated $1,019,924.
JENNIFER ANNE SMITH (Executive Vice President) has made 0 purchases and 4 sales selling 9,197 shares for an estimated $590,107.
HARRIS H SIMMONS (Chairman & CEO) purchased 4,500 shares for an estimated $265,634
ERIC ELLINGSEN (Executive VP &) sold 1,519 shares for an estimated $93,061
DEREK STEWARD (Executive Vice President) sold 769 shares for an estimated $46,493
JASON D. ARBUCKLE (SVP - Controller) sold 190 shares for an estimated $11,736

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$ZION Hedge Fund Activity

We have seen 283 institutional investors add shares of $ZION stock to their portfolio, and 202 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TWO SIGMA INVESTMENTS, LP added 1,059,655 shares (+94.1%) to their portfolio in Q1 2026, for an estimated $61,057,321
FREESTONE GROVE PARTNERS LP added 1,040,108 shares (+inf%) to their portfolio in Q1 2026, for an estimated $59,931,022
THRIVENT FINANCIAL FOR LUTHERANS removed 931,004 shares (-85.7%) from their portfolio in Q1 2026, for an estimated $53,644,450
WELLINGTON MANAGEMENT GROUP LLP added 776,150 shares (+123.0%) to their portfolio in Q1 2026, for an estimated $44,721,763
AQR CAPITAL MANAGEMENT LLC added 746,088 shares (+49.8%) to their portfolio in Q1 2026, for an estimated $42,989,590
MILLENNIUM MANAGEMENT LLC removed 673,360 shares (-46.0%) from their portfolio in Q1 2026, for an estimated $38,799,003
ALGEBRIS (UK) LTD added 617,735 shares (+inf%) to their portfolio in Q1 2026, for an estimated $35,593,890

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ZION Price Targets

Multiple analysts have issued price targets for $ZION recently. We have seen 13 analysts offer price targets for $ZION in the last 6 months, with a median target of $68.0.

Here are some recent targets:

Mike Mayo from Wells Fargo set a target price of $66.0 on 07/06/2026
John Pancari from Evercore ISI Group set a target price of $74.0 on 07/06/2026
Anthony Elian from JP Morgan set a target price of $75.0 on 07/01/2026
Manan Gosalia from Morgan Stanley set a target price of $77.0 on 06/29/2026
David George from Baird set a target price of $68.0 on 06/23/2026
Matt Olney from Stephens & Co. set a target price of $79.0 on 06/15/2026
Peter Winter from DA Davidson set a target price of $78.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.