Q1 2024 EPS Estimates for Zions Bancorporation, National Association Decreased by Analyst (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at Zacks Research decreased their Q1 2024 earnings per share (EPS) estimates for shares of Zions Bancorporation, National Association in a note issued to investors on Friday, April 12th. Zacks Research analyst R. Department now expects that the bank will earn $0.91 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.27 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q2 2024 earnings at $1.02 EPS, Q3 2024 earnings at $1.04 EPS, FY2024 earnings at $4.02 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.16 EPS, FY2025 earnings at $4.43 EPS and FY2026 earnings at $4.88 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same quarter last year, the company earned $1.84 earnings per share.

A number of other research analysts also recently weighed in on the company. Compass Point reissued a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. TheStreet raised Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Stephens raised their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 23rd. Truist Financial reiterated a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, The Goldman Sachs Group increased their target price on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $43.00.

Zions Bancorporation, National Association Stock Down 0.6 %

Shares of ZION opened at $40.41 on Monday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 9.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average price is $40.78 and its two-hundred day moving average price is $38.99. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Zions Bancorporation, National Association by 0.3% during the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank’s stock valued at $280,587,000 after buying an additional 32,883 shares during the period. State Street Corp boosted its stake in Zions Bancorporation, National Association by 14.9% during the first quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after acquiring an additional 1,069,816 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, National Association by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock worth $220,077,000 after acquiring an additional 927,899 shares in the last quarter. Morgan Stanley boosted its stake in Zions Bancorporation, National Association by 19.8% during the third quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after acquiring an additional 745,919 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Zions Bancorporation, National Association by 1.4% during the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock worth $138,629,000 after acquiring an additional 53,859 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders sold 18,022 shares of company stock worth $744,893 over the last three months. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.06%. Zions Bancorporation, National Association’s payout ratio is 37.70%.

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.