Research Analysts Offer Predictions for ZION FY2024 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Analysts at Zacks Research upped their FY2024 EPS estimates for Zions Bancorporation, National Association in a research report issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the bank will earn $4.79 per share for the year, up from their previous forecast of $4.49. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association's Q4 2024 earnings at $1.18 EPS, Q1 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.72 EPS, Q3 2026 earnings at $1.35 EPS and FY2026 earnings at $5.19 EPS.

ZION has been the subject of several other research reports. Wedbush raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Finally, Truist Financial upped their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has an average rating of "Hold" and an average price target of $53.12.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded up $0.52 during trading hours on Wednesday, reaching $60.21. The company had a trading volume of 1,399,705 shares, compared to its average volume of 2,074,823. The firm has a market cap of $8.89 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 5.28 and a beta of 1.07. Zions Bancorporation, National Association has a one year low of $33.66 and a one year high of $61.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day simple moving average of $49.63 and a 200 day simple moving average of $46.73.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm earned $1.13 EPS.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.43 per share. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 37.36%.

Insiders Place Their Bets

In other news, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jennifer Anne Smith sold 4,385 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,228 shares of company stock valued at $519,048. 2.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its position in Zions Bancorporation, National Association by 18.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,589 shares of the bank's stock valued at $460,000 after buying an additional 1,680 shares during the period. SG Americas Securities LLC grew its stake in shares of Zions Bancorporation, National Association by 3.5% in the first quarter. SG Americas Securities LLC now owns 13,273 shares of the bank's stock worth $576,000 after purchasing an additional 453 shares during the last quarter. Sei Investments Co. increased its holdings in Zions Bancorporation, National Association by 0.7% during the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank's stock valued at $3,188,000 after purchasing an additional 530 shares during the period. Entropy Technologies LP bought a new position in Zions Bancorporation, National Association during the 1st quarter valued at approximately $884,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Zions Bancorporation, National Association by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 191,539 shares of the bank's stock worth $8,313,000 after buying an additional 7,911 shares during the period. 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.