Financial Services / Banks - Regional

Zions Bancorporation, National Association (ZION)

$62.02
+1.54%
$9.2B
Market Cap
9.7
P/E Ratio
0.82
Beta
2.88%
Dividend Yield
Piotroski 6/9Altman Z 0.2 Distress

Quantitative Summary

Deterministic

At 9.7x earnings — a 50% discount to the sector average of 19.2x — ZION is in the lower valuation range. Financial health is average: Piotroski 6/9, Altman Z 0.2. DCF fair value of $90 implies 46% upside from current prices based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

DCF Sandbox

Interactive
Market Price
$62.02
Fair Value
$88
Implied Upside
+42.6%
$88IMPLIED FAIR VALUEUNDERVALUEDOVERUNDER
Growth Rate (Y1–5)-2%
-10%20%50%
Discount Rate (WACC)9.0%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
-7.2%annual FCF growth priced in at $62.02

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 8% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →7%9%11%
2%$109$81$66
3%$129$90$70
4%$163$102$77

Center = base case. Green = >10% upside, Red = >10% downside vs $62.02.

Pre-computed DCF: WACC=9.0%, terminal growth 3%. Fair value $90 (+46.2%). Not investment advice.

Valuation Context

9.7x
ZION P/E
19.2x
Sector Avg
8.7x
5Y Avg P/E
-50%
vs Sector

Currently trading 17% above its 5-year average P/E of 8.7x.

Price Chart with Moving Averages

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SMA 50 SMA 200

Technical Setup

AI Generated

ZION stock is currently trading below both its 50-day and 200-day simple moving averages, indicating a downward trend with short-term weakness as the price has fallen well beneath recent average levels, while also showing divergence from longer-term support. The Relative Strength Index (RSI) at 31.2 suggests that ZION is in oversold territory, which might be a signal for potential near-term stabilization or recovery according to some technical indicators.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

6/9
Piotroski F-Score
Average — mixed operational signals
0.2
Altman Z-Score
Distress Zone — below 1.8 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

26.6%
Net Margin
9.0%
WACC
+8.2%
Revenue Growth (YoY)
+14.7%
Earnings Growth (YoY)
952.0M
Free Cash Flow
28%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

26.6%
Net Profit Margin
NI ÷ Revenue
×
0.04x
Asset Turnover
Revenue ÷ Assets
×
12.39x
Equity Multiplier
Assets ÷ Equity
=
12.5%
Return on Equity
⚠️ High equity multiplier — ROE is being amplified by leverage, not operational excellence.

Balance Sheet Health

11.39x
Debt / Equity
12.51%
FCF Yield

Insider Activity (Last 90 Days)

Net Insider Flow
-$3M
Net Selling
1
Buy Transactions
7
Sale Transactions
2026-02-24SIMMONS HARRIS HBuy$265,635
2026-02-20ARBUCKLE JASON DSold 5/8 qtrsSale$11,736
2026-02-20ARBUCKLE JASON DSold 5/8 qtrsOther214 shares
2026-02-18SMITH JENNIFER ANNESold 4/8 qtrsGrant$110,508
2026-02-18SMITH JENNIFER ANNESold 4/8 qtrsSale$130,521

Open-market buys vs sells by company insiders. Source: yfinance.

Earnings Surprise History

Q4
✗ Miss
Est: $1.18
Act: $1.13
-4.4%
Q3
✓ Beat
Est: $1.31
Act: $1.63
+24.1%
Q2
✓ Beat
Est: $1.40
Act: $1.48
+6.1%
Q1
✓ Beat
Est: $1.57
Act: $1.76
+12.4%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.4500
Latest Dividend
$1.76
2025 Total
+6.0%
YoY Growth
9 yrs
Consecutive Increases
Annual Dividends per Share
$0.16
2016
$0.44
2017
$1.04
2018
$1.28
2019
$1.36
2020
$1.44
2021
$1.58
2022
$1.64
2023
$1.66
2024
$1.76
2025
$0.90
2026
DateAmountChange
2026-05-14$0.45000.0%
2026-02-12$0.45000.0%
2025-11-13$0.45000.0%
2025-08-14$0.4500+4.7%
2025-05-15$0.43000.0%
2025-02-13$0.43000.0%
2024-11-14$0.4300+4.9%
2024-08-15$0.41000.0%
2024-05-15$0.41000.0%
2024-02-14$0.41000.0%
2023-11-08$0.41000.0%
2023-08-16$0.41000.0%
Stock Splits
1997-05-15: 4:11993-01-27: 2:11981-08-17: 1.5:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

35.6%
Annual Volatility
1.03
Sharpe (1Y)
-20.7%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

1.46
Market β
Mkt-RF
+0.483
Size (SMB)
Small-cap tilt
+1.631
Value (HML)
Value tilt
-0.334
Profit (RMW)
Weak
-0.029
Invest (CMA)
Neutral
Alpha (annual): -22.53%
R²: 68.5%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

9.3
Forward P/E
3.41
PEG Ratio
1.30
Price/Book
2M
Avg Volume
$66.18
52W High
$46.09
52W Low
79%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$728M
Tracked Passive Exposure
8
ETFs Holding ZION
0.12%
Avg Weight in ETFs
$598B
Total ETF AUM

When investors buy or sell ETFs like KRE or KBE, the fund manager is mechanically forced to buy or sell ZION shares regardless of Zions Bancorporation, National Association's individual fundamentals. We estimate $728M of passive capital is structurally linked to ZION through 8 tracked ETFs. Passive flows have a limited but growing influence on ZION's daily trading dynamics.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in Zions Bancorporation, National Association to visualize passive redemption contagion across ETFs and collateral stocks.

ZION Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
ZIONEpicenterVBETFVIGETFVYMETFPNFPHigh RiskEWBCHigh RiskUMBFHigh RiskFHNHigh RiskWBSHigh Risk
ZION Price Drop (%)0

If Zions Bancorporation, National Association (ZION) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies PINNACLE FINANCIAL PARTNERS (PNFP) as the most exposed collateral stock, sharing 4 ETFs with ZION. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 15 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

ZION Ownership Dynamics

Passive funds hold 1 in every 12 ZION shares, reducing daily market volatility.

Ticker
ZION
Total Shares
147M
ETF Lock-Up
8.4%
Display Mode
Total Float Impact
8.4%Locked Float

Zions Bancorporation, National Association (ZION) exerts measurable gravity on the passive index market, currently representing 1.6% of the KRE (KRE) and 1.1% of the KBE (KBE). Across 15 tracked ETFs, approximately 12M shares (8.4% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 15 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

ZION Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
ZION
PRICE
$62.02
FLOOR (POC)
$58.98
STRENGTH
Medium
$46$47$48$49$50$518%$526%$53$546%$558%$568%$577%$58$59POC 9%$60$61$627%$62.02$63$64$65
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for Zions Bancorporation, National Association over the past year sits near $58.98 (9% of 252-day volume). The current price of $62.02 trades 5.2% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-1443$59.64$2,564.52
2026-05-114$62.50$250
2026-05-084$62.73$250.92
2026-05-0715$63.99$959.85
2026-04-22475$62.02$29,459.5
2026-04-21133,257$63.05$8.4M
2026-04-20100$62.73$6,273
2026-04-175$61.54$307.7
2026-04-141,700$61.53$104,601
2026-04-109$61.77$555.93
2026-04-07143$58.97$8,432.71
2026-04-0671,286$58.13$4.1M
2026-03-271,301$57.25$74,482.25
2026-03-1614$53.10$743.4
2026-03-06166$57.48$9,541.68
2026-03-05388$58.22$22,589.36
2026-03-04140$57.65$8,071
2026-03-03254$58.14$14,767.56
2026-03-02234$57.28$13,403.52
2026-02-2546$59.20$2,723.2
2026-02-2439$59.30$2,312.7
2026-02-23653$62.50$40,812.5
2026-02-20187$61.48$11,496.76
2026-02-19288$62.04$17,867.52
2026-02-18225$61.53$13,844.25
2026-02-17237$61.26$14,518.62
2026-02-13299$60.19$17,996.81
2026-02-1254$62.91$3,397.14
2026-02-0918$65.29$1,175.22
2026-02-03316$60.99$19,272.84

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
FNB0.9070.919High co-movement
KEY0.8860.882High co-movement
CFG0.8830.881High co-movement
ONB0.8730.908High co-movement
ASB0.8650.869High co-movement
TFC0.8630.868High co-movement
WTFC0.8620.896High co-movement
FULT0.8580.857High co-movement
HWC0.8560.862High co-movement

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare ZION to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.