What is Zacks Research’s Forecast for ZION FY2024 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for Zions Bancorporation, National Association in a note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $4.79 per share for the year, up from their prior estimate of $4.49. 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 $1.18 EPS, Q1 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.72 EPS, Q3 2026 earnings at $1.35 EPS and FY2026 earnings at $5.19 EPS.

A number of other equities research analysts have also weighed in on ZION. Wells Fargo & Company boosted their price target on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial boosted their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus target price of $53.12.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $60.21 on Wednesday. Zions Bancorporation, National Association has a one year low of $33.66 and a one year high of $61.80. The company has a market capitalization of $8.89 billion, a PE ratio of 13.72, a P/E/G ratio of 5.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day simple moving average of $49.88 and a two-hundred day simple moving average of $46.83.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the previous year, the company posted $1.13 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZION. Dimensional Fund Advisors LP grew its holdings in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after buying an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after buying an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after buying an additional 538,049 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Zions Bancorporation, National Association by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after buying an additional 5,609 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in Zions Bancorporation, National Association by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock valued at $44,202,000 after buying an additional 90,234 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $519,048 in the last three months. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.86%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.36%.

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.