Zions Bancorporation NA Forecasted to Post FY2021 Earnings of $4.75 Per Share (NASDAQ:ZION)

Zions Bancorporation NA (NASDAQ:ZION) – Research analysts at Wedbush boosted their FY2021 earnings per share (EPS) estimates for Zions Bancorporation NA in a research report issued to clients and investors on Tuesday, October 22nd. Wedbush analyst P. Winter now anticipates that the bank will earn $4.75 per share for the year, up from their prior forecast of $4.49. Wedbush currently has a “Neutral” rating and a $48.00 price objective on the stock.

Several other brokerages also recently issued reports on ZION. BMO Capital Markets increased their price objective on shares of Zions Bancorporation NA from $45.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday. ValuEngine upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased their target price on shares of Zions Bancorporation NA from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Morgan Stanley increased their target price on shares of Zions Bancorporation NA from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Jefferies Financial Group cut shares of Zions Bancorporation NA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $51.00 to $46.00 in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Zions Bancorporation NA has a consensus rating of “Buy” and an average price target of $51.00.

Shares of ZION stock traded down $0.45 during trading hours on Thursday, hitting $47.49. 78,770 shares of the company were exchanged, compared to its average volume of 1,893,396. The business has a 50 day moving average of $43.76 and a two-hundred day moving average of $44.63. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Zions Bancorporation NA has a 52 week low of $38.08 and a 52 week high of $51.81. The company has a market capitalization of $8.51 billion, a PE ratio of 11.63, a PEG ratio of 1.78 and a beta of 1.55.

Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.09. Zions Bancorporation NA had a net margin of 26.50% and a return on equity of 12.27%. The company had revenue of $713.00 million during the quarter, compared to the consensus estimate of $709.29 million. During the same quarter in the prior year, the firm earned $1.04 earnings per share.

In other news, insider Alexander Hume sold 9,929 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $45.17, for a total transaction of $448,492.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider A Scott Anderson sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $44.92, for a total transaction of $449,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,886 shares of company stock valued at $936,691. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ZION. HM Payson & Co. bought a new position in Zions Bancorporation NA during the second quarter worth about $26,000. Steward Partners Investment Advisory LLC bought a new position in Zions Bancorporation NA in the 2nd quarter valued at about $35,000. Doyle Wealth Management bought a new position in Zions Bancorporation NA in the 2nd quarter valued at about $38,000. Amica Retiree Medical Trust bought a new position in Zions Bancorporation NA in the 2nd quarter valued at about $39,000. Finally, Valeo Financial Advisors LLC increased its holdings in Zions Bancorporation NA by 48.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 898 shares of the bank’s stock valued at $41,000 after buying an additional 295 shares during the period. Institutional investors own 94.99% of the company’s stock.

Zions Bancorporation NA Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Earnings History and Estimates for Zions Bancorporation NA (NASDAQ:ZION)

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