Research Analysts Issue Forecasts for ZION FY2025 Earnings

Key Points

• DA Davidson has revised its FY2025 earnings per share estimate for Zions Bancorporation, N.A. to $6.01, up from $5.86, maintaining a "Buy" rating and a price target of $66.00.
• Zacks Research has downgraded the bank from a "strong-buy" to a "hold" rating, while multiple firms, including JPMorgan and Morgan Stanley, have adjusted their price targets upward.
• Zions Bancorporation recently increased its quarterly dividend to $0.45, representing an annualized dividend yield of 3.5% and a dividend payout ratio of 32.26%.

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) - Analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of Zions Bancorporation, N.A. in a research note issued to investors on Wednesday, October 22nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $6.01 for the year, up from their prior estimate of $5.86. DA Davidson has a "Buy" rating and a $66.00 price target on the stock. The consensus estimate for Zions Bancorporation, N.A.'s current full-year earnings is $5.39 per share.

ZION has been the subject of several other research reports. Zacks Research cut Zions Bancorporation, N.A. from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. lifted their price target on Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday. Morgan Stanley lifted their price target on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. Royal Bank Of Canada lifted their price target on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a report on Tuesday, July 22nd. Finally, Baird R W upgraded Zions Bancorporation, N.A. from a "hold" rating to a "strong-buy" rating in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.62.

Zions Bancorporation, N.A. Trading Down 0.0%

Zions Bancorporation, N.A. stock opened at $51.68 on Friday. The stock has a market cap of $7.63 billion, a PE ratio of 9.26, a P/E/G ratio of 1.09 and a beta of 0.93. The stock has a 50-day moving average price of $55.78 and a 200 day moving average price of $51.70. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The firm had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Essex LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at about $264,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at about $208,000. HB Wealth Management LLC lifted its stake in shares of Zions Bancorporation, N.A. by 22.5% in the 3rd quarter. HB Wealth Management LLC now owns 10,955 shares of the bank's stock valued at $620,000 after purchasing an additional 2,009 shares in the last quarter. CX Institutional lifted its stake in shares of Zions Bancorporation, N.A. by 68.4% in the 3rd quarter. CX Institutional now owns 1,746 shares of the bank's stock valued at $99,000 after purchasing an additional 709 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Zions Bancorporation, N.A. by 14.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank's stock valued at $183,546,000 after purchasing an additional 409,065 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.5%. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s dividend payout ratio is presently 32.26%.

About Zions Bancorporation, N.A.

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.

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