Q4 Earnings Estimate for ZION Issued By DA Davidson

Zions Bancorporation, National Association (NASDAQ:ZION) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Zions Bancorporation, National Association in a research note issued on Wednesday, October 23rd. DA Davidson analyst P. Winter expects that the bank will earn $1.25 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.60 per share.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion for 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 prior year, the company earned $1.13 EPS.

Several other analysts have also recently weighed in on ZION. Truist Financial boosted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $51.34 on Thursday. The stock has a market capitalization of $7.58 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.93 and a beta of 1.09. Zions Bancorporation, National Association has a 1-year low of $28.98 and a 1-year high of $53.32. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $48.07 and a two-hundred day moving average price of $45.48.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.19%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Buying and Selling

In related news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Zions Bancorporation, National Association by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock worth $810,000 after acquiring an additional 1,160 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after acquiring an additional 348 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Zions Bancorporation, National Association by 11.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock worth $4,183,000 after acquiring an additional 9,393 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $206,000. Finally, Assenagon Asset Management S.A. boosted its position in Zions Bancorporation, National Association by 124.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock worth $13,702,000 after acquiring an additional 161,118 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.