ZION
Zions Bancorporation Financial Services - Banking Investor Relations →
Zions Bancorporation (ZION) closed at $54.05 as of 2026-03-20, trading 22.3% above its 200-week moving average of $44.19. The stock moved further from the line this week, up from 20.3% last week. The 14-week RSI sits at 41, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.15 ratio) is neutral — neither side is clearly dominating.
Over the past 2352 weeks of data, ZION has crossed below its 200-week moving average 25 times. On average, these episodes lasted 25 weeks. Historically, investors who bought ZION at the start of these episodes saw an average one-year return of +19.5%.
With a market cap of $8.0 billion, ZION is a mid-cap stock. Return on equity stands at 13.5%. The stock trades at 1.1x book value.
Over the past 33.2 years, a hypothetical investment of $100 in ZION would have grown to $939, compared to $2683 for the S&P 500. ZION has returned 7.0% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -9.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: ZION vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ZION Crosses Below the Line?
Across 20 historical episodes, buying ZION when it crossed below its 200-week moving average produced an average return of +24.5% after 12 months (median +28.0%), compared to +7.6% for the S&P 500 over the same periods. 70% of those episodes were profitable after one year. After 24 months, the average return was +47.0% vs +21.3% for the index.
Each line shows $100 invested at the moment ZION crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ZION has crossed below its 200-week MA 25 times with an average 1-year return of +19.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1982 | Mar 1982 | 2 | 1.3% | +16.5% | +5002.0% |
| Jun 1982 | Jun 1982 | 2 | 1.0% | +49.4% | +5002.0% |
| Sep 1987 | Oct 1989 | 111 | 40.9% | -37.4% | +2604.1% |
| Nov 1989 | Apr 1990 | 24 | 13.0% | +0.2% | +2971.7% |
| Aug 1990 | Oct 1990 | 11 | 7.0% | +82.2% | +3181.7% |
| Feb 2000 | May 2000 | 12 | 13.0% | +53.5% | +129.6% |
| Jul 2000 | Sep 2000 | 6 | 5.6% | +35.4% | +101.8% |
| Sep 2000 | Sep 2000 | 1 | 2.1% | +16.8% | +96.6% |
| Oct 2001 | Dec 2001 | 11 | 15.2% | -16.4% | +89.1% |
| Jan 2002 | Feb 2002 | 4 | 3.1% | -16.3% | +66.9% |
| Jun 2002 | Aug 2002 | 9 | 12.4% | +3.3% | +65.6% |
| Sep 2002 | May 2003 | 37 | 27.9% | +12.5% | +67.7% |
| Sep 2007 | Mar 2012 | 233 | 89.1% | -33.4% | +12.7% |
| Apr 2012 | Aug 2012 | 17 | 10.0% | +27.5% | +269.6% |
| Jan 2015 | Feb 2015 | 1 | 0.3% | -4.6% | +201.4% |
| Jan 2016 | Apr 2016 | 15 | 20.1% | +78.1% | +191.4% |
| May 2016 | May 2016 | 2 | 2.7% | +58.2% | +175.0% |
| Jun 2016 | Jul 2016 | 6 | 7.9% | +63.2% | +167.8% |
| Aug 2019 | Aug 2019 | 2 | 0.9% | -11.3% | +69.2% |
| Feb 2020 | Dec 2020 | 43 | 42.5% | +38.0% | +66.5% |
| Dec 2022 | Dec 2022 | 1 | 1.2% | -0.1% | +33.0% |
| Mar 2023 | Dec 2023 | 40 | 51.4% | +10.2% | +50.7% |
| Jan 2024 | May 2024 | 17 | 10.8% | +31.3% | +38.6% |
| May 2024 | Jul 2024 | 7 | 7.5% | +11.7% | +32.8% |
| Mar 2025 | Apr 2025 | 4 | 8.9% | N/A | +35.0% |
| Average | 25 | — | +19.5% | — |
Frequently Asked Questions
Is ZION below its 200-week moving average?
No. Zions Bancorporation (ZION) is currently 22.3% above its 200-week moving average of $44.19. It would need to fall to $44.19 to cross below the line.
What is ZION's 200-week moving average price?
Zions Bancorporation's 200-week moving average is $44.19 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ZION drops below its 200-week moving average?
ZION has crossed below its 200-week moving average 25 times in our data. On average, buying at that moment produced a one-year return of +19.5%. These dips have historically been decent entry points. These episodes lasted 25 weeks on average.
Is ZION a good value right now?
Here's what our data says about ZION as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 41. Return on equity is 13.5%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does ZION compare to the S&P 500?
Over the past 33.2 years, $100 invested in ZION would have grown to $939, compared to $2683 for the S&P 500. That's 7.0% annualized vs 10.4% for the index. ZION has underperformed the broader market over this period.
Does ZION pay a dividend?
Yes. Zions Bancorporation currently pays a dividend yield of 333.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20