Zacks Research Issues Optimistic Estimate for ZION Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for Zions Bancorporation, National Association in a note issued to investors on Thursday, January 16th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $4.81 for the year, up from their prior estimate of $4.80. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.20 EPS and Q4 2025 earnings at $1.27 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm 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 prior year, the firm earned $1.13 EPS.

Several other equities research analysts have also commented on ZION. UBS Group assumed coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 target price on the stock. Wedbush lifted their price objective 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. Morgan Stanley raised their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.25.

Zions Bancorporation, National Association Stock Up 1.3 %

ZION opened at $58.04 on Monday. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. 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 business has a 50 day moving average price of $57.26 and a two-hundred day moving average price of $51.76. The company has a market cap of $8.57 billion, a PE ratio of 13.22, a P/E/G ratio of 2.86 and a beta of 1.12.

Institutional Trading of Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the stock. CVA Family Office LLC boosted its stake in Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after purchasing an additional 217 shares during the period. Contravisory Investment Management Inc. increased its position in Zions Bancorporation, National Association by 1.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after buying an additional 249 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of 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. boosted its holdings in Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after purchasing an additional 299 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after purchasing an additional 348 shares during the period. 76.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the transaction, the vice president now owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 in the last three months. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.43 per share. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.96%. Zions Bancorporation, National Association’s dividend payout ratio is presently 39.18%.

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.