Equities Analysts Offer Predictions for ZION FY2025 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Zions Bancorporation, National Association in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will post earnings of $5.27 per share for the year, down from their previous estimate of $5.28. DA Davidson has a “Buy” rating and a $69.00 price objective on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $5.39 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association’s FY2025 earnings at $5.27 EPS.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on Zions Bancorporation, National Association from $62.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Compass Point raised their price target on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Barclays lifted their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, UBS Group started coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target for the company. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.94.

Zions Bancorporation, National Association Trading Down 5.5 %

Shares of ZION opened at $41.39 on Friday. Zions Bancorporation, National Association has a twelve month low of $39.05 and a twelve month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $6.11 billion, a P/E ratio of 8.36, a PEG ratio of 1.61 and a beta of 0.92. The firm’s 50-day moving average is $52.52 and its two-hundred day moving average is $53.74.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787.70 million. During the same period in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.16%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Zions Bancorporation, National Association announced that its board has authorized a share buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares of the company’s stock, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,029 shares of company stock worth $1,855,321 in the last three months. 2.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at about $73,542,000. Balyasny Asset Management L.P. boosted its holdings in Zions Bancorporation, National Association by 249.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank’s stock worth $88,130,000 after acquiring an additional 1,159,888 shares during the period. Freestone Grove Partners LP acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at approximately $51,116,000. State Street Corp raised its stake in shares of Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the period. Finally, Boston Partners acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth $33,961,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.