Zions Bancorporation, National Association Expected to Earn Q2 2024 Earnings of $1.09 Per Share (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at DA Davidson issued their Q2 2024 earnings estimates for Zions Bancorporation, National Association in a research note issued on Tuesday, April 23rd. DA Davidson analyst P. Winter forecasts that the bank will earn $1.09 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.28 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association’s FY2024 earnings at $4.36 EPS and FY2025 earnings at $4.70 EPS.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. TheStreet upgraded shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Finally, Wedbush decreased their target price on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $43.15.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of NASDAQ ZION opened at $41.75 on Wednesday. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The firm’s 50 day moving average price is $40.83 and its 200 day moving average price is $39.26. The firm has a market cap of $6.16 billion, a P/E ratio of 10.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.77.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the prior year, the company earned $1.33 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in Zions Bancorporation, National Association by 22.1% during the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after acquiring an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Zions Bancorporation, National Association by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after acquiring an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after acquiring an additional 1,259,571 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $1,268,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Zions Bancorporation, National Association by 55.2% in the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock valued at $11,678,000 after buying an additional 94,077 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. Insiders have sold 18,022 shares of company stock valued at $744,893 in the last quarter. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.93%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

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.