FY2024 Earnings Forecast for ZION Issued By Wedbush

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a report issued on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $4.75 per share for the year, up from their prior forecast of $4.45. Wedbush currently has a “Neutral” rating and a $55.00 target price on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.60 per share. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.17 EPS and FY2025 earnings at $4.40 EPS.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lifted their price target on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Barclays boosted their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday. Evercore ISI lowered their price objective on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Jefferies Financial Group lowered their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $51.34 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84. The business’s 50 day moving average price is $48.07 and its 200-day moving average price is $45.48. The firm has a market capitalization of $7.58 billion, a PE ratio of 11.69, 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.

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 analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the company posted $1.13 earnings per share.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently bought and sold shares of ZION. Fidelis Capital Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 1st quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth about $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth about $34,000. Finally, Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.19%. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.36%.

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.