Equities Analysts Offer Predictions for ZION FY2024 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Stock analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Zions Bancorporation, National Association in a report issued on Tuesday, December 3rd. Zacks Research analyst R. Department now expects that the bank will post earnings of $4.80 per share for the year, up from their prior estimate of $4.79. 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 $1.19 EPS, Q3 2025 earnings at $1.24 EPS, Q2 2026 earnings at $1.26 EPS, Q3 2026 earnings at $1.33 EPS and FY2026 earnings at $5.14 EPS.

ZION has been the topic of a number of other reports. Barclays boosted their price objective on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an "underweight" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Finally, Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $55.13.

Zions Bancorporation, National Association Trading Down 0.2 %

Shares of NASDAQ ZION traded down $0.11 during mid-day trading on Wednesday, hitting $59.17. The stock had a trading volume of 921,780 shares, compared to its average volume of 2,009,402. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 1 year low of $37.05 and a 1 year high of $63.22. The business has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $48.47. The firm has a market cap of $8.74 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 5.30 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $781.63 million. During the same period in the previous year, the firm earned $1.13 earnings per share.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.91%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock worth $1,108,184. Company insiders own 2.22% of the company's stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after acquiring an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock worth $221,367,000 after acquiring an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock worth $126,762,000 after acquiring an additional 538,049 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock worth $124,592,000 after acquiring an additional 30,030 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.