What is DA Davidson's Estimate for ZION FY2024 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Research analysts at DA Davidson lifted their FY2024 earnings estimates for shares of Zions Bancorporation, National Association in a note issued to investors on Wednesday, October 23rd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $4.83 per share for the year, up from their prior estimate of $4.63. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.60 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association's FY2025 earnings at $4.91 EPS.

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

Several other analysts also recently commented on the stock. Argus downgraded shares of Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Wedbush upped their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday. Compass Point lifted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday. Stephens boosted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Barclays raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $52.82.

Zions Bancorporation, National Association Trading Down 1.6 %

Shares of NASDAQ ZION traded down $0.84 during midday trading on Friday, reaching $51.34. 1,003,597 shares of the stock were exchanged, compared to its average volume of 2,114,059. 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 12 month low of $28.98 and a 12 month high of $53.32. The business has a 50-day simple moving average of $48.07 and a two-hundred day simple moving average of $45.48. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 37.36%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.22% of the company's stock.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently added to or reduced their stakes in ZION. State of Alaska Department of Revenue boosted its holdings in Zions Bancorporation, National Association by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank's stock valued at $810,000 after purchasing an additional 1,160 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank's stock worth $1,947,000 after buying an additional 348 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Zions Bancorporation, National Association by 11.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank's stock valued at $4,183,000 after acquiring an additional 9,393 shares in the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at $206,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Zions Bancorporation, National Association by 124.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank's stock worth $13,702,000 after purchasing an additional 161,118 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.