Research Analysts Offer Predictions for ZION FY2024 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities researchers at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a report issued on Thursday, January 16th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $4.81 per share for the year, up from their prior forecast of $4.80. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.20 EPS and Q4 2025 earnings at $1.27 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787,704.90 billion. During the same period in the prior year, the business earned $0.78 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis.

Several other brokerages have also commented on ZION. UBS Group initiated coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective on the stock. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $58.25.

Zions Bancorporation, National Association Stock Up 1.7 %

ZION stock opened at $59.03 on Monday. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The firm has a market cap of $8.72 billion, a PE ratio of 13.45, a PEG ratio of 3.11 and a beta of 1.12. The firm’s 50 day moving average price is $57.25 and its 200-day moving average price is $51.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Institutional Trading of Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the stock. CVA Family Office LLC lifted its stake in shares of Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after purchasing an additional 217 shares in the last quarter. Contravisory Investment Management Inc. raised its position in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock valued at $937,000 after purchasing an additional 249 shares during the period. Abich Financial Wealth Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after buying an additional 299 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Zions Bancorporation, National Association by 0.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock valued at $1,947,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,108,184 in the last 90 days. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

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.