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

Zions Bancorporation, National Association (NASDAQ:ZION) is set to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Zions Bancorporation, National Association to post earnings of $1.15 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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, topping 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 company had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. During the same quarter last year, the business posted $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts expect Zions Bancorporation, National Association to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $51.25 on Friday. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09. The stock has a fifty day simple moving average of $47.51 and a two-hundred day simple moving average of $45.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.20%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird increased their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.28.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, President Scott J. Mclean sold 60,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is currently owned by corporate insiders.

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.