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

Zions Bancorporation, National Association (NASDAQ:ZION) is anticipated to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.25 per share and revenue of $787,704.90 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. 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 Stock Up 1.3 %

Shares of NASDAQ ZION opened at $58.04 on Monday. The company has a 50-day moving average of $57.30 and a 200 day moving average of $51.66. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock 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.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Analysts Set New Price Targets

ZION has been the topic of several research analyst reports. Wedbush lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Compass Point lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $58.25.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,881 shares of company stock valued at $1,108,184. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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.