Research Analysts Set Expectations for ZION Q1 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Analysts at Zacks Research boosted their Q1 2027 EPS estimates for shares of Zions Bancorporation, National Association in a research note issued to investors on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the bank will post earnings of $1.34 per share for the quarter, up from their prior forecast of $1.33. 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 posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the previous year, the firm posted $0.96 EPS.

Several other research analysts also recently issued reports on the stock. Stephens dropped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Robert W. Baird dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Finally, Argus upgraded shares of Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.94.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $47.52 on Monday. The firm’s 50-day moving average is $46.15 and its 200-day moving average is $52.21. Zions Bancorporation, National Association has a 52-week low of $39.32 and a 52-week high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.61 and a beta of 0.88.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after buying an additional 183 shares during the last quarter. CIBC Asset Management Inc grew its stake in Zions Bancorporation, National Association by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock worth $245,000 after buying an additional 224 shares during the last quarter. Blackhawk Capital Partners LLC. grew its stake in Zions Bancorporation, National Association by 5.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank’s stock worth $244,000 after buying an additional 245 shares during the last quarter. Leo Wealth LLC grew its stake in Zions Bancorporation, National Association by 1.7% during the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock worth $744,000 after buying an additional 253 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC grew its stake in Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock worth $490,000 after buying an additional 285 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Announces Dividend

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

Zions Bancorporation, National Association announced that its Board of Directors has authorized a stock buyback program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management 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.