Zions Bancorporation, National Association Forecasted to Earn Q2 2024 Earnings of $1.09 Per Share (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued on Tuesday, April 23rd. DA Davidson analyst P. Winter forecasts that the bank will earn $1.09 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.28 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association's FY2024 earnings at $4.36 EPS and FY2025 earnings at $4.70 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same period in the previous year, the business earned $1.33 earnings per share.

A number of other equities research analysts also recently issued reports on ZION. Stephens increased their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 23rd. Wedbush lowered their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 23rd. UBS Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, Robert W. Baird lowered their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and an average price target of $43.15.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded up $0.42 during trading hours on Wednesday, reaching $42.17. The company had a trading volume of 1,922,427 shares, compared to its average volume of 3,027,165. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15. The business has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $39.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.80. The firm has a market cap of $6.22 billion, a PE ratio of 10.60 and a beta of 1.13.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock valued at $28,000 after buying an additional 331 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $29,000. Quarry LP purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $49,000. Ronald Blue Trust Inc. raised its position in shares of Zions Bancorporation, National Association by 274.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank's stock valued at $73,000 after buying an additional 1,538 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank's stock valued at $93,000 after buying an additional 2,076 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP A Scott Anderson sold 4,093 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares of the company's stock, valued at approximately $648,926.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP A Scott Anderson sold 4,093 shares of the company's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares of the company's stock, valued at approximately $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark Richard Young sold 5,597 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total transaction of $225,055.37. Following the completion of the transaction, the vice president now directly owns 12,133 shares of the company's stock, valued at approximately $487,867.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,022 shares of company stock worth $744,893. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 3.89%. Zions Bancorporation, National Association's dividend payout ratio is presently 41.21%.

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.