Equities research analysts forecast that Zions Bancorp (NASDAQ:ZION) will post $667.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Zions Bancorp’s earnings, with estimates ranging from $662.00 million to $683.11 million. Zions Bancorp reported sales of $621.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The business is scheduled to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Zions Bancorp will report full year sales of $667.82 million for the current year, with estimates ranging from $2.70 billion to $2.84 billion. For the next year, analysts forecast that the company will post sales of $2.91 billion per share, with estimates ranging from $2.81 billion to $3.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Zions Bancorp.
Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm had revenue of $665.00 million for the quarter, compared to the consensus estimate of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same quarter in the previous year, the company earned $0.60 EPS.
Shares of Zions Bancorp (ZION) traded up $0.30 during midday trading on Monday, hitting $55.07. 2,128,383 shares of the stock were exchanged, compared to its average volume of 2,580,000. The firm has a market cap of $11,000.00, a P/E ratio of 21.02, a P/E/G ratio of 1.63 and a beta of 1.45. Zions Bancorp has a 1 year low of $38.43 and a 1 year high of $55.61. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. Zions Bancorp’s payout ratio is currently 30.53%.
In other Zions Bancorp news, General Counsel Thomas E. Laursen sold 1,250 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total transaction of $67,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph L. Reilly sold 23,271 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $46.70, for a total transaction of $1,086,755.70. The disclosure for this sale can be found here. Insiders sold a total of 58,040 shares of company stock valued at $2,806,600 in the last quarter. 1.46% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in ZION. Ameriprise Financial Inc. increased its stake in Zions Bancorp by 146.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,698,958 shares of the bank’s stock valued at $127,330,000 after purchasing an additional 1,605,540 shares in the last quarter. Artemis Investment Management LLP increased its stake in Zions Bancorp by 332.1% during the 3rd quarter. Artemis Investment Management LLP now owns 1,751,662 shares of the bank’s stock valued at $82,635,000 after purchasing an additional 1,346,240 shares in the last quarter. Cortland Advisers LLC increased its stake in Zions Bancorp by 49.6% during the 3rd quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock valued at $150,006,000 after purchasing an additional 1,053,900 shares in the last quarter. Renaissance Technologies LLC increased its stake in Zions Bancorp by 11,174.3% during the 4th quarter. Renaissance Technologies LLC now owns 484,795 shares of the bank’s stock valued at $24,642,000 after purchasing an additional 480,495 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Zions Bancorp by 54.8% during the 3rd quarter. First Trust Advisors LP now owns 1,231,065 shares of the bank’s stock valued at $58,082,000 after purchasing an additional 435,638 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.
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Zions Bancorp Company Profile
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
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