FY2024 Earnings Forecast for Zions Bancorporation, National Association (NASDAQ:ZION) Issued By Zacks Research

Zions Bancorporation, National Association (NASDAQ:ZION) – Zacks Research cut their FY2024 EPS estimates for Zions Bancorporation, National Association in a research report issued on Wednesday, September 25th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $4.49 per share for the year, down from their prior estimate of $4.52. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.52 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.27 EPS, FY2025 earnings at $4.68 EPS and Q2 2026 earnings at $1.28 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million during 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 for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share.

Several other research analysts have also recently weighed in on the stock. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point upped their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Stephens upped their price target on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association Stock Up 0.3 %

Zions Bancorporation, National Association stock opened at $46.46 on Monday. The stock has a market capitalization of $6.86 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.09. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $47.71 and a 200-day moving average of $44.46.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Insider Activity

In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently modified their holdings of ZION. Hsbc Holdings PLC grew its stake in shares of Zions Bancorporation, National Association by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 140,047 shares of the bank’s stock valued at $6,151,000 after acquiring an additional 14,855 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Zions Bancorporation, National Association by 4.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 66,578 shares of the bank’s stock valued at $2,921,000 after acquiring an additional 2,682 shares in the last quarter. TFO Wealth Partners LLC grew its stake in shares of Zions Bancorporation, National Association by 145,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,817 shares of the bank’s stock valued at $255,000 after acquiring an additional 5,813 shares in the last quarter. KBC Group NV grew its stake in Zions Bancorporation, National Association by 38.8% during the fourth quarter. KBC Group NV now owns 10,447 shares of the bank’s stock worth $458,000 after buying an additional 2,922 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $29,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.