Equities Analysts Offer Predictions for Zions Bancorporation, National Association’s Q3 2024 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Zacks Research boosted their Q3 2024 earnings estimates for shares of Zions Bancorporation, National Association in a report issued on Monday, August 12th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $1.14 for the quarter, up from their previous estimate of $1.10. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.53 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.28 EPS, FY2025 earnings at $4.72 EPS, Q1 2026 earnings at $1.18 EPS and FY2026 earnings at $5.21 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

ZION has been the topic of several other reports. The Goldman Sachs Group lifted their target price on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Stephens lifted their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Robert W. Baird boosted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.72.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $46.13 on Wednesday. The firm’s 50 day moving average is $45.54 and its 200-day moving average is $42.92. The stock has a market capitalization of $6.81 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.77 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC acquired a new position in Zions Bancorporation, National Association during the 1st quarter worth about $27,000. Federated Hermes Inc. lifted its position in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after buying an additional 331 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth about $29,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association during the 2nd quarter worth about $33,000. Finally, International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 in the last 90 days. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

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.