Zacks Research Issues Optimistic Forecast for ZION Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for Zions Bancorporation, National Association in a research note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now expects that the bank will post earnings of $4.79 per share for the year, up from their prior forecast of $4.49. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.82 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.18 EPS, Q1 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.72 EPS, Q3 2026 earnings at $1.35 EPS and FY2026 earnings at $5.19 EPS.

Several other analysts also recently issued reports on the company. Robert W. Baird boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods raised their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group cut their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.12.

Zions Bancorporation, National Association Trading Down 0.6 %

Shares of NASDAQ:ZION opened at $59.69 on Wednesday. Zions Bancorporation, National Association has a 12-month low of $32.24 and a 12-month high of $61.08. The business has a 50 day moving average of $49.63 and a 200-day moving average of $46.73. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.82 billion, a PE ratio of 13.60, a P/E/G ratio of 5.35 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the firm posted $1.13 EPS.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $477,000. Crewe Advisors LLC boosted its holdings in shares of Zions Bancorporation, National Association by 24.9% during the 3rd quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock worth $187,000 after buying an additional 787 shares in the last quarter. Cerity Partners LLC grew its position in shares of Zions Bancorporation, National Association by 27.7% during the 3rd quarter. Cerity Partners LLC now owns 30,787 shares of the bank’s stock worth $1,454,000 after buying an additional 6,683 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after acquiring an additional 140,084 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Zions Bancorporation, National Association by 46.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,877 shares of the bank’s stock valued at $844,000 after acquiring an additional 5,644 shares during the period. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,228 shares of company stock worth $519,048. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is presently 37.36%.

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.