Zacks Research Issues Optimistic Forecast for ZION Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Analysts at Zacks Research increased their Q4 2026 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued on Wednesday, April 9th. Zacks Research analyst R. Department now forecasts that the bank will earn $1.41 per share for the quarter, up from their previous forecast of $1.40. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $5.39 per share.

Several other brokerages have also issued reports on ZION. Barclays boosted their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday, January 22nd. UBS Group started coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price objective on the stock. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley cut their price target on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and an average price target of $61.81.

Remove Ads

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded down $0.52 on Friday, reaching $43.27. 394,444 shares of the company traded hands, compared to its average volume of 1,583,430. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $6.39 billion, a PE ratio of 8.74, a PEG ratio of 1.61 and a beta of 0.92. The company has a 50 day moving average of $49.95 and a 200 day moving average of $53.46. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the firm earned $0.78 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after acquiring an additional 285,588 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Zions Bancorporation, National Association by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock valued at $369,295,000 after purchasing an additional 175,656 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Zions Bancorporation, National Association by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after buying an additional 194,995 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Zions Bancorporation, National Association by 0.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock worth $146,396,000 after buying an additional 14,070 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after buying an additional 30,030 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Insider Transactions at Zions Bancorporation, National Association

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

Zions Bancorporation, National Association declared that its board has authorized a stock buyback program on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders 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 yield of 3.98%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is currently 34.75%.

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.