What is Zacks Research's Estimate for ZION FY2027 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Zacks Research upped their FY2027 earnings estimates for shares of Zions Bancorporation, National Association in a research note issued on Wednesday, May 28th. Zacks Research analyst R. Department now anticipates that the bank will earn $5.62 per share for the year, up from their prior forecast 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 - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.96 earnings per share.

Several other brokerages have also commented on ZION. Stephens dropped their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial assumed coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They set a "hold" rating and a $52.00 target price for the company. Wall Street Zen downgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group assumed coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price objective for the company. Finally, Royal Bank of Canada dropped 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 research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.94.

Zions Bancorporation, National Association Trading Down 0.4%

Shares of ZION stock traded down $0.21 on Friday, reaching $47.52. 1,410,872 shares of the stock were exchanged, compared to its average volume of 1,582,140. The stock has a market cap of $7.01 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $46.15 and a two-hundred day moving average of $52.26. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently made changes to their positions in ZION. Blue Trust Inc. grew its holdings in Zions Bancorporation, National Association by 42.0% during the 4th quarter. Blue Trust Inc. now owns 12,727 shares of the bank's stock worth $690,000 after acquiring an additional 3,765 shares in the last quarter. KBC Group NV grew its stake in Zions Bancorporation, National Association by 44.1% in the fourth quarter. KBC Group NV now owns 6,420 shares of the bank's stock worth $348,000 after purchasing an additional 1,965 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Zions Bancorporation, National Association by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 22,021 shares of the bank's stock worth $1,195,000 after acquiring an additional 423 shares in the last quarter. Nilsine Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $239,000. Finally, EMC Capital Management grew its position in shares of Zions Bancorporation, National Association by 333.6% in the 4th quarter. EMC Capital Management now owns 10,250 shares of the bank's stock worth $556,000 after acquiring an additional 7,886 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.43 per share. 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 dividend payout ratio (DPR) is presently 33.59%.

Zions Bancorporation, National Association declared that its board has approved a share repurchase program on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.