Equities research analysts expect Zions Bancorp (NASDAQ:ZION) to post $667.82 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Zions Bancorp’s earnings. The highest sales estimate is $683.11 million and the lowest is $662.00 million. Zions Bancorp reported sales of $621.00 million in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The company is scheduled to announce its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Zions Bancorp will report full year sales of $667.82 million for the current financial year, with estimates ranging from $2.70 billion to $2.84 billion. For the next fiscal year, analysts expect that the business will report sales of $2.91 billion per share, with estimates ranging from $2.81 billion to $3.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Zions Bancorp.
Zions Bancorp (NASDAQ:ZION) last released its earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. The company had revenue of $665.00 million for the quarter, compared to analyst estimates of $670.55 million. During the same quarter last year, the firm earned $0.60 EPS.
In other Zions Bancorp news, insider Alexander Hume sold 7,196 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $53.87, for a total value of $387,648.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Thomas E. Laursen sold 1,250 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,425 shares of company stock worth $2,513,426. Insiders own 1.46% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in ZION. Crewe Advisors LLC bought a new stake in shares of Zions Bancorp during the 4th quarter valued at about $102,000. Tower Research Capital LLC TRC boosted its stake in shares of Zions Bancorp by 1,274.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock valued at $140,000 after purchasing an additional 2,562 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Zions Bancorp by 2,081.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock valued at $152,000 after purchasing an additional 2,872 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in shares of Zions Bancorp during the 4th quarter valued at about $157,000. Finally, Virtu Financial LLC bought a new stake in shares of Zions Bancorp during the 4th quarter valued at about $200,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.
Zions Bancorp (NASDAQ:ZION) opened at $51.64 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. Zions Bancorp has a twelve month low of $38.43 and a twelve month high of $55.61. The company has a market cap of $10,310.00, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.52 and a beta of 1.45.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. Zions Bancorp’s dividend payout ratio (DPR) is 24.43%.
About Zions Bancorp
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
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