Q2 2024 EPS Estimates for Zions Bancorporation, National Association (NASDAQ:ZION) Raised by Analyst

Zions Bancorporation, National Association (NASDAQ:ZION) – Analysts at Wedbush boosted their Q2 2024 EPS estimates for shares of Zions Bancorporation, National Association in a research report issued on Monday, April 22nd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $1.06 per share for the quarter, up from their prior estimate of $1.04. Wedbush has a “Neutral” rating and a $46.00 price target on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.29 per share. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q3 2024 earnings at $1.09 EPS, Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $4.20 EPS, Q1 2025 earnings at $0.97 EPS and FY2025 earnings at $4.55 EPS.

A number of other equities analysts have also commented on the stock. Robert W. Baird decreased their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 target price on the stock. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Truist Financial reaffirmed a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.16.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $41.27 on Wednesday. The company’s fifty day moving average price is $40.86 and its 200-day moving average price is $39.30. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period in the previous year, the company earned $1.33 EPS.

Institutional Trading of Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the stock. Deutsche Bank AG grew its stake in shares of Zions Bancorporation, National Association by 22.1% in the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after acquiring an additional 70,461 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after acquiring an additional 21,551 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after acquiring an additional 1,259,571 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth approximately $1,268,000. Finally, Nordea Investment Management AB grew its stake in shares of Zions Bancorporation, National Association by 55.2% in the fourth quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock worth $11,678,000 after acquiring an additional 94,077 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Harris H. Simmons acquired 3,600 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares in the company, valued at $49,200,155.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The disclosure for this sale can be found here. Insiders sold a total of 13,929 shares of company stock worth $563,778 in the last three months. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.97%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

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.