Zions Bancorporation, National Association (NASDAQ:ZION) Forecasted to Post Q2 2024 Earnings of $1.09 Per Share

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Zions Bancorporation, National Association in a research report issued on Tuesday, April 23rd. DA Davidson analyst P. Winter expects that the bank will post earnings per share of $1.09 for the quarter. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.29 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association’s FY2024 earnings at $4.36 EPS and FY2025 earnings at $4.70 EPS.

ZION has been the subject of several other research reports. Truist Financial reiterated a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Jefferies Financial Group reduced their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Morgan Stanley boosted their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, February 7th. Barclays boosted their price objective on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus price target of $43.16.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $41.27 on Wednesday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The stock has a 50 day moving average of $40.86 and a 200-day moving average of $39.30. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same quarter in the previous year, the business posted $1.33 EPS.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. raised its position in shares of Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth $29,000. Quarry LP acquired a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth $49,000. Ronald Blue Trust Inc. raised its position in shares of Zions Bancorporation, National Association by 274.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock worth $73,000 after purchasing an additional 1,538 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Zions Bancorporation, National Association by 4,613.3% during the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after purchasing an additional 2,076 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Harris H. Simmons acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,929 shares of company stock valued at $563,778. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.