Analysts Set Expectations for Zions Bancorporation, National Association’s FY2024 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities researchers at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Zions Bancorporation, National Association in a research report issued on Monday, May 13th. Zacks Research analyst R. Department anticipates that the bank will earn $4.26 per share for the year. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.38 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q2 2025 earnings at $1.10 EPS.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. Jefferies Financial Group reduced their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Wedbush reduced their target price on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Robert W. Baird reduced their target price on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Finally, StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.16.

Zions Bancorporation, National Association Trading Up 1.2 %

Shares of NASDAQ ZION opened at $45.10 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $6.66 billion, a P/E ratio of 11.33 and a beta of 1.13. Zions Bancorporation, National Association has a 1-year low of $23.68 and a 1-year high of $46.15. The business has a fifty day moving average price of $41.88 and a 200 day moving average price of $40.35.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $1.33 earnings per share.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.64%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on 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 owns 44,056 shares in the company, valued at $1,797,925.36. The sale 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, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on 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 owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. Insiders have sold 19,888 shares of company stock worth $827,655 over the last quarter. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CVA Family Office LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.0% in the first quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 245 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Zions Bancorporation, National Association by 1.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock worth $978,000 after acquiring an additional 286 shares during the last quarter. Yousif Capital Management LLC increased its stake in Zions Bancorporation, National Association by 1.2% during the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock worth $1,148,000 after acquiring an additional 310 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after acquiring an additional 330 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.