What is DA Davidson’s Forecast for ZION FY2025 Earnings?

Zions Bancorporation, N.A. (NASDAQ:ZION) – Investment analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of Zions Bancorporation, N.A. in a report issued on Wednesday, July 23rd. DA Davidson analyst P. Winter now expects that the bank will earn $5.84 per share for the year, up from their previous forecast of $5.30. DA Davidson currently has a “Buy” rating and a $66.00 target price on the stock. The consensus estimate for Zions Bancorporation, N.A.’s current full-year earnings is $5.39 per share.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.27. The firm had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. During the same period in the prior year, the firm earned $1.28 EPS.

A number of other equities analysts have also recently commented on ZION. Stephens decreased their target price on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Citigroup raised their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods decreased their target price on Zions Bancorporation, N.A. from $65.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley raised their target price on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and a consensus target price of $60.78.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION opened at $55.38 on Friday. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The business’s fifty day moving average price is $51.21 and its 200-day moving average price is $50.85. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.83.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

A number of institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at about $224,000. Principal Financial Group Inc. grew its position in shares of Zions Bancorporation, N.A. by 0.5% during the first quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock valued at $16,956,000 after purchasing an additional 1,561 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at about $3,383,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at about $1,261,000. Finally, Teacher Retirement System of Texas grew its position in shares of Zions Bancorporation, N.A. by 6.2% during the first quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 2,821 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.43 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.11%. Zions Bancorporation, N.A.’s payout ratio is presently 31.44%.

About Zions Bancorporation, N.A.

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.