Zacks Research Issues Optimistic Estimate for ZION Earnings

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) - Zacks Research increased their Q1 2027 earnings estimates for Zions Bancorporation, National Association in a report issued on Wednesday, May 28th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $1.34 per share for the quarter, up from their previous estimate of $1.33. The consensus estimate for Zions Bancorporation, National Association's current full-year earnings is $5.39 per share.

A number of other analysts also recently issued reports on the company. Morgan Stanley reduced their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada decreased their price target on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen lowered Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group began coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $57.94.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION traded up $1.30 during mid-day trading on Monday, reaching $48.25. The stock had a trading volume of 1,583,887 shares, compared to its average volume of 1,581,230. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.12 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22. The business's 50 day moving average price is $46.07 and its 200 day moving average price is $52.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same quarter in the previous year, the company earned $0.96 EPS.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. EverSource Wealth Advisors LLC increased its holdings in Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after buying an additional 183 shares during the period. CIBC Asset Management Inc lifted its holdings in 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 buying an additional 224 shares during the period. Blackhawk Capital Partners LLC. boosted its position in Zions Bancorporation, National Association by 5.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank's stock valued at $244,000 after acquiring an additional 245 shares in the last quarter. Leo Wealth LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.7% in the 1st quarter. Leo Wealth LLC now owns 14,917 shares of the bank's stock valued at $744,000 after acquiring 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% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock worth $490,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

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

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 yield of 3.56%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 33.59%.

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.