DA Davidson Brokers Increase Earnings Estimates for ZION

Zions Bancorporation, National Association (NASDAQ:ZION) – Stock analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued on Wednesday, January 22nd. DA Davidson analyst P. Winter now anticipates that the bank will earn $5.74 per share for the year, up from their previous forecast of $5.10. DA Davidson has a “Buy” rating and a $69.00 price target on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.96 per share.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. Zions Bancorporation, National Association’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share.

ZION has been the topic of several other research reports. Keefe, Bruyette & Woods increased their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday. UBS Group assumed coverage on 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. Truist Financial increased their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Stock Up 1.1 %

Shares of NASDAQ ZION opened at $58.64 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.66 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.12. The stock’s fifty day simple moving average is $57.16 and its two-hundred day simple moving average is $52.13. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $580,436.36. Following the sale, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of the business. CVA Family Office LLC grew its position in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after acquiring an additional 217 shares during the period. Contravisory Investment Management Inc. grew its position in shares of 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 valued at $937,000 after acquiring an additional 249 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after buying an additional 296 shares during the last quarter. 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 worth $170,000 after buying an additional 299 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Zions Bancorporation, National Association by 7.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,252 shares of the bank’s stock worth $288,000 after buying an additional 343 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.