S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94

Zions Bancorporation, National Association (NASDAQ:ZION) Forecasted to Earn Q2 2022 Earnings of $1.57 Per Share

Saturday, April 30, 2022 | MarketBeat

Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) - B. Riley raised their Q2 2022 EPS estimates for Zions Bancorporation, National Association in a report released on Tuesday, April 26th. B. Riley analyst S. Moss now forecasts that the bank will post earnings of $1.57 per share for the quarter, up from their previous forecast of $1.32. B. Riley currently has a "Neutral" rating and a $65.00 target price on the stock. B. Riley also issued estimates for Zions Bancorporation, National Association's Q3 2022 earnings at $1.65 EPS, Q4 2022 earnings at $1.51 EPS, FY2022 earnings at $6.01 EPS, Q1 2023 earnings at $1.53 EPS, Q3 2023 earnings at $1.65 EPS, Q4 2023 earnings at $1.59 EPS and FY2023 earnings at $6.40 EPS.

ZION has been the subject of several other research reports. Compass Point upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $80.00 in a research note on Friday, January 14th. Barclays boosted their price objective on Zions Bancorporation, National Association from $73.00 to $81.00 and gave the company an "equal weight" rating in a research note on Tuesday. Robert W. Baird upgraded Zions Bancorporation, National Association from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $49.00 to $60.00 in a research note on Monday, April 18th. StockNews.com started coverage on Zions Bancorporation, National Association in a research note on Thursday, March 31st. They issued a "hold" rating for the company. Finally, Jefferies Financial Group upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $87.00 in a research note on Monday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Zions Bancorporation, National Association presently has an average rating of "Hold" and an average target price of $71.47.


ZION stock opened at $56.51 on Thursday. The business has a 50 day moving average price of $65.21 and a 200 day moving average price of $65.74. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 8.35 and a beta of 1.27. Zions Bancorporation, National Association has a fifty-two week low of $47.06 and a fifty-two week high of $75.44. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.27. Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) last posted its earnings results on Monday, April 25th. The bank reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.12. Zions Bancorporation, National Association had a return on equity of 15.40% and a net margin of 38.01%. During the same quarter in the previous year, the business earned $1.90 earnings per share.

A number of hedge funds have recently made changes to their positions in ZION. Tobam acquired a new stake in Zions Bancorporation, National Association in the first quarter valued at $35,000. Eagle Bay Advisors LLC grew its holdings in Zions Bancorporation, National Association by 361.5% in the third quarter. Eagle Bay Advisors LLC now owns 780 shares of the bank's stock valued at $48,000 after purchasing an additional 611 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $53,000. Allworth Financial LP grew its holdings in Zions Bancorporation, National Association by 243.0% in the first quarter. Allworth Financial LP now owns 909 shares of the bank's stock valued at $60,000 after purchasing an additional 644 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $66,000. 82.12% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Rebecca K. Robinson sold 15,120 shares of the company's stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $69.52, for a total transaction of $1,051,142.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan M. Forney sold 2,047 shares of the company's stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $74.60, for a total value of $152,706.20. The disclosure for this sale can be found here. In the last three months, insiders sold 50,899 shares of company stock worth $3,623,797. Corporate insiders own 1.81% of the company's stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 19th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. Zions Bancorporation, National Association's payout ratio is currently 22.45%.

Zions Bancorporation, National Association announced that its board has authorized a stock buyback plan on Friday, January 28th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

About Zions Bancorporation, National Association (Get Rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

Read More

Earnings History and Estimates for Zions Bancorporation, National Association (NASDAQ:ZION)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Zions Bancorporation, National Association right now?

Before you consider Zions Bancorporation, National Association, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zions Bancorporation, National Association wasn't on the list.

While Zions Bancorporation, National Association currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.