Zions Bancorporation, National Association (ZION) Set to Announce Earnings on Monday

Zions Bancorporation, National Association (NASDAQ:ZION) will issue its quarterly earnings data after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $754.81 million. During the same period in the prior year, the company posted $1.84 earnings per share. On average, analysts expect Zions Bancorporation, National Association to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Zions Bancorporation, National Association Stock Up 1.7 %

NASDAQ ZION opened at $39.92 on Friday. The business has a fifty day moving average price of $40.78 and a 200 day moving average price of $39.07. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $5.89 billion, a P/E ratio of 9.18 and a beta of 1.13.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.11%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Analysts Set New Price Targets

Several brokerages have issued reports on ZION. Robert W. Baird dropped their target price on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 target price for the company. Stephens upped their target price on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. Barclays upped their target price on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Finally, Compass Point restated a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.00.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons purchased 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Harris H. Simmons bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its position in Zions Bancorporation, National Association by 50.3% in the 1st quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 11,267 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Zions Bancorporation, National Association by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 341 shares in the last quarter. HighTower Advisors LLC raised its position in Zions Bancorporation, National Association by 2.7% in the 1st quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 448 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at about $267,000. Finally, Acadian Asset Management LLC raised its position in Zions Bancorporation, National Association by 453.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock valued at $277,000 after purchasing an additional 3,470 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

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.