Zions Bancorporation, National Association to Post FY2024 Earnings of $4.26 Per Share, Zacks Research Forecasts (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Equities researchers at Zacks Research issued their FY2024 earnings estimates for Zions Bancorporation, National Association in a report released on Monday, May 13th. Zacks Research analyst R. Department expects that the bank will post earnings per share of $4.26 for the year. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $4.38 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association's Q2 2025 earnings at $1.10 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the previous year, the company earned $1.33 earnings per share.

Several other analysts have also commented on ZION. Morgan Stanley raised their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a report on Wednesday, February 7th. Truist Financial reiterated a "hold" rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Wedbush lowered their price target 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. Evercore ISI increased their price target on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.16.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock traded up $0.55 during mid-day trading on Wednesday, reaching $45.10. The stock had a trading volume of 1,758,870 shares, compared to its average volume of 2,784,381. The business's fifty day moving average is $41.88 and its 200-day moving average is $40.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 11.33 and a beta of 1.13. Zions Bancorporation, National Association has a 1-year low of $23.68 and a 1-year high of $46.15.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.64%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 41.21%.

Insiders Place Their Bets

In other news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares of the company's stock, valued at $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares of the company's stock, valued at $970,911.08. The disclosure for this sale can be found here. Insiders sold a total of 19,888 shares of company stock valued at $827,655 over the last quarter. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZION. Commonwealth Equity Services LLC boosted its holdings in Zions Bancorporation, National Association by 3.4% in the third quarter. Commonwealth Equity Services LLC now owns 53,352 shares of the bank's stock valued at $1,861,000 after purchasing an additional 1,762 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Zions Bancorporation, National Association by 4.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,541 shares of the bank's stock worth $1,100,000 after buying an additional 1,437 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zions Bancorporation, National Association by 15.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,100 shares of the bank's stock worth $1,120,000 after buying an additional 4,361 shares during the last quarter. Advisor Partners II LLC purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth about $332,000. Finally, Fifth Third Bancorp lifted its holdings in Zions Bancorporation, National Association by 3.6% during the 3rd quarter. Fifth Third Bancorp now owns 23,061 shares of the bank's stock worth $805,000 after buying an additional 799 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

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.