Research Analysts Set Expectations for ZION Q1 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Investment analysts at Zacks Research upped their Q1 2027 EPS estimates for shares of Zions Bancorporation, National Association in a note issued to investors on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the bank will post earnings of $1.34 per share for the quarter, up from their previous estimate of $1.33. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $5.39 per share.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $792.49 million. During the same period in the previous year, the company posted $0.96 EPS.

ZION has been the topic of several other reports. Keefe, Bruyette & Woods lowered their price objective on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial initiated coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, May 13th. They set a “hold” rating and a $52.00 price target on the stock. Wall Street Zen cut shares of Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Morgan Stanley lowered their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Stephens lowered their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $57.94.

Zions Bancorporation, National Association Trading Down 0.4%

NASDAQ ZION opened at $47.52 on Monday. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.61 and a beta of 0.88. The firm’s 50 day moving average price is $46.15 and its two-hundred day moving average price is $52.21.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at $389,000. Strategic Financial Concepts LLC acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $2,538,000. Polymer Capital Management US LLC acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $229,000. Proficio Capital Partners LLC acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $4,237,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $651,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 33.59%.

Zions Bancorporation, National Association declared that its board has authorized a share buyback program on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.