Brokers Offer Predictions for Zions Bancorporation, National Association’s Q2 2024 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst P. Winter anticipates 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 released its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The business 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 company earned $1.33 EPS.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Wedbush reduced their price target on 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. Robert W. Baird decreased their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Compass Point reiterated a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Finally, Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.16.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of ZION stock opened at $42.17 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15. The stock has a market cap of $6.22 billion, a P/E ratio of 10.60 and a beta of 1.13. The company has a 50 day simple moving average of $40.86 and a two-hundred day simple moving average of $39.29.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth approximately $29,000. Quarry LP bought a new stake in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $49,000. Ronald Blue Trust Inc. boosted 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 valued at $73,000 after purchasing an additional 1,538 shares during the period. Finally, Versant Capital Management Inc grew its stake in 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 purchasing an additional 2,076 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 3,600 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the transaction, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Harris H. Simmons acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Harris H. Simmons bought 3,600 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 18,022 shares of company stock valued at $744,893 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.89%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

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.