ZION
Zions Bancorporation Financial Services - Banking Investor Relations →
Zions Bancorporation (ZION) closed at $65.23 as of 2026-09-18, trading 41.5% above its 200-week moving average of $46.09. The stock is currently moving closer to the line, down from 49.5% last week. The 14-week RSI sits at 47, indicating neutral momentum.
Trading volume is running at 1.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.80 ratio) is neutral — neither side is clearly dominating.
Over the past 2378 weeks of data, ZION has crossed below its 200-week moving average 26 times. On average, these episodes lasted 24 weeks. Historically, investors who bought ZION at the start of these episodes saw an average one-year return of +21.3%.
With a market cap of $9.5 billion, ZION is a mid-cap stock. Return on equity stands at 16.4%, a solid level. The stock trades at 1.2x book value.
Over the past 33.8 years, a hypothetical investment of $100 in ZION would have grown to $1149, compared to $3167 for the S&P 500. ZION has returned 7.5% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -9.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 21 historical episodes, buying ZION when it crossed below its 200-week moving average produced an average return of +25.4% after 12 months (median +28.0%), compared to +6.1% for the S&P 500 over the same periods. 71% of those episodes were profitable after one year. After 24 months, the average return was +46.5% vs +19.6% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices ZION would reach each dislocation threshold.
Dislocation Price Levels
Prices where ZION's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-19.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $65.35 | Unusually cheap — analysis point |
| Value | +1σ | $68.56 | Cheap vs. own history |
| Fair Value | +0σ | $72.10 | Historical mean behavior |
| Expensive | -1σ | $76.03 | Expensive vs. own history |
| Deep Expensive | -2σ | $80.41 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-20 | $1.92 | $3.05 | +58.8% |
| 2026-04-20 | $1.43 | $1.54 | +8.0% |
| 2026-01-20 | $1.57 | $1.76 | +12.4% |
| 2025-10-20 | $1.39 | $1.54 | +10.5% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from ZION's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
ZION has crossed below its 200-week MA 26 times with an average 1-year return of +21.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1982 | Mar 1982 | 2 | 1.3% | +16.5% | +6145.8% |
| Jun 1982 | Jun 1982 | 2 | 1.0% | +49.4% | +6145.8% |
| Sep 1987 | Oct 1989 | 111 | 40.9% | -37.4% | +3210.4% |
| Nov 1989 | Apr 1990 | 24 | 13.1% | +0.2% | +3660.4% |
| Aug 1990 | Oct 1990 | 11 | 7.1% | +82.2% | +3917.4% |
| Feb 2000 | May 2000 | 12 | 13.0% | +53.5% | +181.1% |
| Jul 2000 | Jul 2000 | 1 | 2.6% | +35.4% | +147.0% |
| Aug 2000 | Sep 2000 | 3 | 5.6% | +38.9% | +148.3% |
| Sep 2000 | Sep 2000 | 1 | 2.1% | +16.8% | +140.7% |
| Oct 2001 | Dec 2001 | 11 | 15.2% | -16.4% | +131.5% |
| Jan 2002 | Feb 2002 | 4 | 3.1% | -16.3% | +104.3% |
| Jun 2002 | Aug 2002 | 9 | 12.4% | +3.3% | +102.7% |
| Sep 2002 | May 2003 | 37 | 27.9% | +12.5% | +105.3% |
| Sep 2007 | Mar 2012 | 233 | 89.1% | -33.4% | +38.0% |
| Apr 2012 | Aug 2012 | 17 | 10.0% | +27.5% | +352.5% |
| Jan 2015 | Feb 2015 | 1 | 0.4% | -4.6% | +269.0% |
| Jan 2016 | Apr 2016 | 15 | 20.2% | +78.1% | +256.7% |
| May 2016 | May 2016 | 2 | 2.7% | +58.2% | +236.7% |
| Jun 2016 | Jul 2016 | 6 | 7.9% | +63.2% | +227.8% |
| Aug 2019 | Aug 2019 | 2 | 0.7% | -11.1% | +105.4% |
| Feb 2020 | Dec 2020 | 43 | 42.5% | +38.0% | +103.8% |
| Dec 2022 | Dec 2022 | 1 | 1.3% | -0.1% | +62.8% |
| Mar 2023 | Dec 2023 | 40 | 51.4% | +10.2% | +84.5% |
| Jan 2024 | May 2024 | 17 | 10.9% | +31.3% | +69.6% |
| May 2024 | Jul 2024 | 7 | 7.6% | +11.7% | +62.6% |
| Mar 2025 | Apr 2025 | 4 | 9.0% | +45.1% | +65.2% |
| Average | 24 | — | +21.3% | — |
Frequently Asked Questions
Is ZION below its 200-week moving average?
No. Zions Bancorporation (ZION) is currently 41.5% above its 200-week moving average of $46.09. It would need to fall to $46.09 to cross below the line.
What is ZION's 200-week moving average price?
Zions Bancorporation's 200-week moving average is $46.09 as of 2026-09-18. 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 26 times in our data. On average, buying at that moment produced a one-year return of +21.3%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is ZION a good value right now?
Here's what our data says about ZION as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 47. Return on equity is 16.4%. Price-to-book is 1.2x. 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 33.8 years, $100 invested in ZION would have grown to $1149, compared to $3167 for the S&P 500. That's 7.5% annualized vs 10.8% 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 294.00%.
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 2026-09-18