Zions Bancorporation, National Association (ZION) to Release Earnings on Monday

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $1.18 per share and revenue of $792.49 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the company earned $0.78 earnings per share. Zions Bancorporation, National Association's quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect Zions Bancorporation, National Association to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Zions Bancorporation, National Association Stock Up 2.1 %

NASDAQ ZION traded up $0.89 on Tuesday, reaching $43.79. The stock had a trading volume of 1,380,159 shares, compared to its average volume of 1,588,044. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 1 year low of $39.05 and a 1 year high of $63.22. The business has a 50 day moving average price of $49.95 and a 200 day moving average price of $53.46. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.61 and a beta of 0.92.

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Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.93%. Zions Bancorporation, National Association's dividend payout ratio is currently 34.75%.

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

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association 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 transaction of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The sale 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 Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares of the company's stock, valued at $1,655,305.11. This trade represents 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. Corporate insiders own 2.22% of the company's stock.

Analyst Ratings Changes

ZION has been the subject of a number of analyst reports. Stephens reaffirmed an "equal weight" rating and issued a $64.00 price target on shares of Zions Bancorporation, National Association in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. 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. Morgan Stanley decreased their price objective on shares of 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. Finally, Wells Fargo & Company cut their price objective on Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus price target of $61.81.

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.