FY2024 EPS Estimates for Zions Bancorporation, National Association (NASDAQ:ZION) Cut by Zacks Research

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Equities researchers at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued to investors on Wednesday, September 25th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $4.49 per share for the year, down from their previous forecast of $4.52. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.51 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association's Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.27 EPS, FY2025 earnings at $4.68 EPS and Q2 2026 earnings at $1.28 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Several other brokerages also recently commented on ZION. Robert W. Baird upped their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. The Goldman Sachs Group increased their price target on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a report on Wednesday, September 11th. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 23rd. Finally, Stephens boosted their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus target price of $48.72.

Zions Bancorporation, National Association Trading Up 1.3 %

ZION stock traded up $0.62 during mid-day trading on Monday, reaching $47.08. 597,886 shares of the stock traded hands, compared to its average volume of 2,176,298. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The stock has a market capitalization of $6.95 billion, a PE ratio of 11.77, a PEG ratio of 2.81 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50-day moving average price of $47.71 and a two-hundred day moving average price of $44.46.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association's payout ratio is currently 41.21%.

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares of the company's stock, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock worth $3,476,298 in the last 90 days. 2.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in shares of Zions Bancorporation, National Association by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 140,047 shares of the bank's stock worth $6,151,000 after purchasing an additional 14,855 shares during the period. Treasurer of the State of North Carolina lifted its stake in Zions Bancorporation, National Association by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 66,578 shares of the bank's stock valued at $2,921,000 after acquiring an additional 2,682 shares during the period. TFO Wealth Partners LLC boosted its holdings in shares of Zions Bancorporation, National Association by 145,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 5,817 shares of the bank's stock valued at $255,000 after acquiring an additional 5,813 shares during the last quarter. KBC Group NV increased its stake in shares of Zions Bancorporation, National Association by 38.8% in the fourth quarter. KBC Group NV now owns 10,447 shares of the bank's stock worth $458,000 after acquiring an additional 2,922 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth $29,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.