Zions Bancorporation, National Association Expected to Earn Q2 2024 Earnings of $1.09 Per Share (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Stock analysts at DA Davidson issued their Q2 2024 earnings estimates for Zions Bancorporation, National Association in a research report issued on Tuesday, April 23rd. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.09 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.28 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association’s FY2024 earnings at $4.36 EPS and FY2025 earnings at $4.70 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the previous year, the firm posted $1.33 earnings per share.

Several other analysts also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Truist Financial reissued a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Wedbush decreased their target price on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.15.

Zions Bancorporation, National Association Stock Performance

ZION stock opened at $41.75 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 10.49 and a beta of 1.13. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15. The firm has a 50 day moving average of $40.83 and a two-hundred day moving average of $39.26.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Activity

In other news, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the transaction, the vice president now owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Harris H. Simmons acquired 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the completion of the acquisition, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The disclosure for this sale can be found here. Insiders have sold 18,022 shares of company stock valued at $744,893 over the last 90 days. 2.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $29,000. Quarry LP bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $49,000. Ronald Blue Trust Inc. increased its holdings in shares of Zions Bancorporation, National Association by 274.6% in the third quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock worth $73,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after acquiring an additional 2,076 shares in the last quarter. Institutional investors own 76.84% 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.