Zacks Research Has Optimistic Outlook of ZION Q1 Earnings

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

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $795.00 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.96 earnings per share.

Several other research firms have also weighed in on ZION. Keefe, Bruyette & Woods dropped their price objective on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of 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. Wall Street Zen cut shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and an average price target of $57.94.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION traded up $0.10 during mid-day trading on Monday, hitting $47.68. 827,668 shares of the stock were exchanged, compared to its average volume of 1,578,395. The company has a market cap of $7.04 billion, a P/E ratio of 9.63, a PEG ratio of 1.61 and a beta of 0.88. The stock's fifty day simple moving average is $45.95 and its two-hundred day simple moving average is $51.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after purchasing an additional 285,588 shares during the period. Dimensional Fund Advisors LP raised its holdings in Zions Bancorporation, National Association by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock worth $351,027,000 after purchasing an additional 233,252 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Zions Bancorporation, National Association by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after acquiring an additional 194,995 shares during the period. LSV Asset Management raised its holdings in shares of Zions Bancorporation, National Association by 3.7% during the first quarter. LSV Asset Management now owns 3,791,047 shares of the bank's stock worth $189,022,000 after acquiring an additional 136,870 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 326.4% during the first quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock worth $139,927,000 after acquiring an additional 2,194,514 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.61%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

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.