DA Davidson Has Negative Outlook for ZION Q1 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Investment analysts at DA Davidson lowered their Q1 2025 earnings per share estimates for shares of Zions Bancorporation, National Association in a research report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will earn $1.18 per share for the quarter, down from their previous estimate of $1.19. 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 FY2026 earnings at $5.67 EPS.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. UBS Group began coverage on 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. Wells Fargo & Company decreased their price target on shares of Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Compass Point boosted their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.94.

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Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded up $1.24 during mid-day trading on Thursday, hitting $42.63. 5,052,336 shares of the company were exchanged, compared to its average volume of 1,571,577. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Zions Bancorporation, National Association has a 1-year low of $39.05 and a 1-year high of $63.22. The stock has a 50 day simple moving average of $52.52 and a 200-day simple moving average 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 (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business's revenue for the quarter was up 12.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZION. GAMMA Investing LLC increased its position in shares of Zions Bancorporation, National Association by 5,690.4% in the first quarter. GAMMA Investing LLC now owns 550,903 shares of the bank's stock worth $27,468,000 after acquiring an additional 541,389 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Zions Bancorporation, National Association by 63.3% in the first quarter. Versant Capital Management Inc now owns 4,804 shares of the bank's stock worth $240,000 after buying an additional 1,863 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Zions Bancorporation, National Association by 6.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,935 shares of the bank's stock worth $2,383,000 after acquiring an additional 2,712 shares in the last quarter. Fluent Financial LLC acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $277,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $4,603,000. Institutional investors own 76.84% of the company's stock.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the sale, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a dividend of $0.43 per share. 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 presently 34.75%.

Zions Bancorporation, National Association announced that its board has initiated a share buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.