What is DA Davidson's Estimate for ZION FY2025 Earnings?

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Zions Bancorporation, N.A. to $5.84, up from a previous estimate of $5.30, maintaining a "Buy" rating with a target price of $66.00.
• The bank recently reported $1.58 earnings per share for the last quarter, exceeding consensus estimates of $1.31, with revenues of $838 million surpassing the expected $810.24 million.
• Recent stock ratings include upgrades from several firms, with an average consensus price target of $60.78 and a general "Hold" rating from analysts.

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) - Analysts at DA Davidson raised their FY2025 earnings estimates for Zions Bancorporation, N.A. in a research report issued to clients and investors on Wednesday, July 23rd. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.84 for the year, up from their prior forecast of $5.30. DA Davidson has a "Buy" rating and a $66.00 price target on the stock. The consensus estimate for Zions Bancorporation, N.A.'s current full-year earnings is $5.39 per share.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.27. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The business had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. During the same period last year, the firm posted $1.28 earnings per share.

ZION has been the topic of a number of other research reports. Stephens cut their target price on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Morgan Stanley raised their target price on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their target price on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company raised their target price on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, N.A. presently has an average rating of "Hold" and an average price target of $60.78.

Zions Bancorporation, N.A. Price Performance

Zions Bancorporation, N.A. stock traded down $0.11 during mid-day trading on Friday, reaching $55.27. The company had a trading volume of 260,241 shares, compared to its average volume of 1,621,596. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $8.16 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.58 and a beta of 0.90. The business has a fifty day simple moving average of $51.21 and a 200 day simple moving average of $50.80.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced 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 3.11%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is currently 31.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Curat Global LLC bought a new position in Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. Picton Mahoney Asset Management purchased a new position in Zions Bancorporation, N.A. in the 1st quarter valued at approximately $25,000. New Age Alpha Advisors LLC purchased a new position in Zions Bancorporation, N.A. in the 1st quarter valued at approximately $40,000. Covestor Ltd grew its stake in Zions Bancorporation, N.A. by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after buying an additional 479 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Zions Bancorporation, N.A. in the 1st quarter valued at approximately $50,000. 76.84% of the stock is owned by institutional investors.

About Zions Bancorporation, N.A.

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.