Equities Analysts Offer Predictions for ZION FY2027 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Equities researchers at Zacks Research lifted their FY2027 earnings per share estimates for shares of Zions Bancorporation, National Association in a research report issued on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $5.62 for the year, up from their previous 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 - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. During the same quarter in the previous year, the firm posted $0.96 EPS.

A number of other research firms have also issued reports on ZION. Truist Financial assumed coverage on Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They set a "hold" rating and a $52.00 price objective for the company. Wells Fargo & Company reduced their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their price target on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Monday, April 28th. Finally, Robert W. Baird reduced their price target on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded up $1.24 during midday trading on Friday, reaching $48.19. 872,793 shares of the company traded hands, compared to its average volume of 1,578,499. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The company has a fifty day moving average price of $46.07 and a 200 day moving average price of $52.12.

Zions Bancorporation, National Association Announces Dividend

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 3.57%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

Zions Bancorporation, National Association announced that its Board of Directors has initiated a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 worth $29,000 after purchasing an additional 183 shares during the period. CIBC Asset Management Inc raised its position in shares of 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 purchasing an additional 224 shares during the period. Blackhawk Capital Partners LLC. raised its position in shares of 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 purchasing an additional 245 shares during the period. Leo Wealth LLC raised its position in shares of 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 purchasing an additional 253 shares during the period. Finally, Jackson Creek Investment Advisors LLC raised its position in shares of 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 purchasing an additional 285 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

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.