Zions Bancorporation, National Association (ZION) Expected to Announce Earnings on Monday

Zions Bancorporation, National Association (NASDAQ:ZION) is projected to release its earnings data after the market closes on Monday, April 21st. Analysts expect Zions Bancorporation, National Association to post earnings of $1.18 per share and revenue of $792.49 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. On average, analysts expect Zions Bancorporation, National Association to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $44.28 on Friday. Zions Bancorporation, National Association has a 12-month low of $39.05 and a 12-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 company has a market cap of $6.53 billion, a PE ratio of 8.95, a P/E/G ratio of 1.61 and a beta of 0.92. The stock has a 50 day simple moving average of $49.18 and a 200-day simple moving average of $53.36.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.88%. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a share repurchase plan on Monday, February 24th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. The trade was a 43.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. This 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 valued at $1,855,321 in the last three months. 2.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ZION has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Zions Bancorporation, National Association from $62.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Keefe, Bruyette & Woods raised their price objective on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. Barclays upped their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada lifted their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley cut their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.81.

About Zions Bancorporation, National Association

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.