Brokers Offer Predictions for Zions Bancorporation, National Association’s FY2024 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at Zacks Research dropped their FY2024 EPS estimates for Zions Bancorporation, National Association in a research report issued on Wednesday, September 25th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $4.49 for the year, down from their prior forecast of $4.52. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.51 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.27 EPS, FY2025 earnings at $4.68 EPS and Q2 2026 earnings at $1.28 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same period in the previous year, the business earned $1.11 EPS. The company’s revenue was down .5% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price target on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 21st. Stephens boosted their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Robert W. Baird upped their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley raised shares of Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 target price on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.72.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $45.60 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $47.52 and a 200-day moving average of $44.56. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 2.81 and a beta of 1.09. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.60%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock valued at $3,476,298 in the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC increased its position in Zions Bancorporation, National Association by 1.0% during the 1st quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 245 shares during the period. Strategic Advocates LLC boosted its holdings in Zions Bancorporation, National Association by 6.1% in the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after acquiring an additional 296 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after acquiring an additional 296 shares during the period. Centaurus Financial Inc. grew its stake in Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after acquiring an additional 299 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.2% during the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock valued at $1,174,000 after acquiring an additional 327 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

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.