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

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Analysts at DA Davidson cut their FY2025 earnings per share estimates for Zions Bancorporation, National Association in a research note issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.27 for the year, down from their prior estimate of $5.28. DA Davidson has a "Buy" rating and a $69.00 price target on the stock. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $5.39 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association's FY2025 earnings at $5.27 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS.

Several other research firms also recently commented on ZION. UBS Group began coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 target price on the stock. Stephens reissued an "equal weight" rating and set a $64.00 price objective on shares of Zions Bancorporation, National Association in a report on Wednesday, March 5th. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Finally, Barclays lifted their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.94.

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Zions Bancorporation, National Association Stock Up 3.0 %

ZION stock traded up $1.26 during trading hours on Friday, hitting $42.65. The company's stock had a trading volume of 6,208,820 shares, compared to its average volume of 1,574,558. The company has a market capitalization of $6.29 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The stock has a 50 day moving average price of $52.52 and a two-hundred day moving average price of $53.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 12 month low of $39.05 and a 12 month high of $63.22.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of ZION. EverSource Wealth Advisors LLC grew its stake in shares of Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares during the period. Covestor Ltd boosted its holdings in Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after buying an additional 479 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after buying an additional 493 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $62,000. Finally, Natixis bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $102,000. 76.84% of the stock is owned by institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now owns 45,847 shares in the company, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly owns 29,313 shares of the company's stock, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,029 shares of company stock valued at $1,855,321. Company 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 20th. Stockholders of record on Thursday, February 13th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio is 34.75%.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

About Zions Bancorporation, National Association

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.