Brokers Issue Forecasts for ZION Q4 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued to investors on Wednesday, October 23rd. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $1.25 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.60 per share.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the firm posted $1.13 EPS.

Other equities analysts also recently issued reports about the stock. Evercore ISI cut their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Barclays raised their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday. Truist Financial boosted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $52.82.

Zions Bancorporation, National Association Trading Up 0.6 %

Shares of ZION traded up $0.29 during midday trading on Thursday, hitting $52.18. The stock had a trading volume of 1,296,849 shares, compared to its average volume of 2,119,449. The stock's 50 day moving average is $47.85 and its 200 day moving average is $45.38. The firm has a market cap of $7.71 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZION. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at about $28,000. Fidelis Capital Partners LLC purchased a new position in Zions Bancorporation, National Association during the 1st quarter worth approximately $27,000. ORG Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the business's stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Terry Alan Shirey sold 1,917 shares of the company's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company's stock, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 37.36%.

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.