Zacks Research Issues Optimistic Estimate for ZION Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Investment analysts at Zacks Research raised their FY2027 EPS estimates for Zions Bancorporation, National Association in a research note issued to investors on Wednesday, May 28th. Zacks Research analyst R. Department now forecasts that the bank will earn $5.62 per share for the year, up from their prior estimate of $5.58. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $5.39 per share.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same period in the prior year, the company posted $0.96 earnings per share.

A number of other equities research analysts have also recently issued reports on ZION. Argus upgraded shares of Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, April 28th. Royal Bank of Canada decreased their price objective on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a “sector perform” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Stephens decreased their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial began coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, May 13th. They set a “hold” rating and a $52.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.94.

Zions Bancorporation, National Association Trading Down 0.4%

Shares of NASDAQ:ZION opened at $47.52 on Friday. The stock has a market capitalization of $7.01 billion, a PE ratio of 9.60, a P/E/G ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22. The firm has a fifty day moving average price of $46.15 and a 200 day moving average price of $52.26. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZION. Curat Global LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter valued at about $25,000. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, National Association during the first quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in shares of Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after buying an additional 183 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter valued at about $40,000. Finally, Covestor Ltd raised its position in shares of Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after buying an additional 479 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 33.59%.

Zions Bancorporation, National Association declared that its Board of Directors has approved a share buyback plan on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.