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

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) is set to release its earnings data after the market closes on Monday, April 25th. Analysts expect Zions Bancorporation, National Association to post earnings of $1.13 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last issued its quarterly earnings results on Monday, January 24th. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $743.00 million during the quarter, compared to analyst estimates of $712.71 million. Zions Bancorporation, National Association had a return on equity of 15.40% and a net margin of 38.01%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. On average, analysts expect Zions Bancorporation, National Association to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ ZION opened at $62.92 on Monday. The stock has a fifty day moving average price of $67.67 and a two-hundred day moving average price of $65.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $9.56 billion, a P/E ratio of 9.29, a PEG ratio of 0.67 and a beta of 1.27. Zions Bancorporation, National Association has a 1 year low of $47.06 and a 1 year high of $75.44.

Zions Bancorporation, National Association announced that its Board of Directors has approved a share repurchase plan on Friday, January 28th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Shareholders of record on Thursday, February 17th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, February 16th. Zions Bancorporation, National Association’s payout ratio is currently 22.45%.

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 15,120 shares of the business’s stock in a transaction dated Thursday, February 3rd. The shares were sold at an average price of $69.52, for a total value of $1,051,142.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan M. Forney sold 3,029 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $70.63, for a total value of $213,938.27. The disclosure for this sale can be found here. Insiders have sold 50,899 shares of company stock worth $3,623,797 over the last ninety days. Insiders own 1.81% of the company’s stock.

Several large investors have recently made changes to their positions in ZION. Vident Investment Advisory LLC increased its holdings in Zions Bancorporation, National Association by 7.1% in the fourth quarter. Vident Investment Advisory LLC now owns 5,931 shares of the bank’s stock valued at $375,000 after purchasing an additional 391 shares during the period. Forum Financial Management LP bought a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth about $303,000. Goldman Sachs Group Inc. raised its position in shares of Zions Bancorporation, National Association by 26.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 692,406 shares of the bank’s stock worth $43,732,000 after acquiring an additional 143,065 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Zions Bancorporation, National Association by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,475,547 shares of the bank’s stock worth $93,196,000 after acquiring an additional 71,100 shares in the last quarter. Finally, Horizon Investments LLC raised its position in shares of Zions Bancorporation, National Association by 5.5% in the 4th quarter. Horizon Investments LLC now owns 5,079 shares of the bank’s stock worth $321,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 82.12% of the company’s stock.

ZION has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on Zions Bancorporation, National Association from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 4th. Barclays increased their target price on Zions Bancorporation, National Association from $67.00 to $73.00 in a report on Monday, January 3rd. B. Riley lowered their price target on Zions Bancorporation, National Association from $77.00 to $70.00 in a research note on Tuesday, April 12th. Zacks Investment Research cut Zions Bancorporation, National Association from a “strong-buy” rating to a “hold” rating and set a $71.00 price target for the company. in a research note on Monday, March 21st. Finally, StockNews.com initiated coverage on Zions Bancorporation, National Association in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus price target of $70.65.

Zions Bancorporation, National Association Company Profile (Get Rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

See Also

Earnings History for Zions Bancorporation, National Association (NASDAQ:ZION)

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