Morgan Stanley Reiterates Buy Rating on Zions Bancorp
Morgan Stanley maintains a buy rating for Zions Bancorp with a $77 price target, a 11.29% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on Zions Bancorp, maintaining a price target of $77 on June 29, 2026.
- Morgan Stanley's $77 price target implies 11.29% upside from Zions Bancorporation, National Association's ($ZION) current $69.19 share price.
- Shares of NasdaqGS:ZION traded near $69.14 on Monday, with a market cap of $10.17 billion and a P/E ratio of 10.7.
- Insider transactions included both buys and sells, while analysts show varied ratings from buy to sell.
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Morgan Stanley's analyst Manan Gosalia has reiterated a buy rating for Zions Bancorporation, National Association (NasdaqGS:ZION) with a price target of $77. This reaffirmation came on June 29, 2026. The bank's stock traded around $69.14 on that Monday.
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Zions Bancorporation, National Association Stock Up 2.1%
Shares of Zions Bancorp were trading near $69.14 on Monday. The company, with a market cap of about $10.17 billion, has a P/E ratio of 10.7 and a forward P/E of 10.3. The stock has a 52-week range between $46.19 and $69.8, with a 50-day moving average of $63.34 and a 200-day moving average of $58.57. Zions Bancorp's beta is relatively low at 0.811, indicating lower volatility compared to the broader market.
$ZION price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Zions Bancorp reported revenue of $3.39 billion, reflecting a growth of 10.2%. The company achieved a net margin of 28.4% and a return on equity of 14.1%. The next earnings release is scheduled for July 20, 2026.
Dividend
Zions Bancorp offers an annual dividend rate of $1.80, yielding 2.6% with a payout ratio of 27.6%. This provides a steady income stream to its investors.
Insider Buying and Selling at Zions Bancorporation, National Association
Several insider transactions were recorded at Zions Bancorp. On June 2, 2026, Ryan Daniel Joseph purchased 1,921 shares at an average price of $62.02. On the same day, Nathan Callister, Executive Vice President, sold 922 shares at the same price. Earlier in May, Executive Vice President Jennifer Anne Smith sold 4,209 shares at $62.50, and Controller Robert Ryan Richards both bought and sold shares at different times.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its buy rating for Zions Bancorp with a price target of $77. Previously, on June 23, 2026, Baird downgraded the stock to hold with a target of $68. Stephens & Co. reinstated a buy rating with a $79 target on June 15, 2026. The consensus among 21 analysts is a buy, with a mean target price of $69.81.
About Zions Bancorporation
Zions Bancorporation, National Association, is a regional bank headquartered in Salt Lake City, Utah. It provides a wide range of banking services primarily across the western United States. The bank operates under several brands, including Zions Bank and California Bank & Trust. Led by CEO Harris Henry Simmons, the company employs approximately 9,090 people.
Bottom Line
Zions Bancorp has received a reaffirmed buy rating from Morgan Stanley, reflecting continued confidence in the bank's performance. With its upcoming earnings and steady dividend, Zions remains a stock to watch in the financial sector. As always, remember that analyst ratings and 13F filings reflect past events and may not indicate future performance.
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