Analysts Set Expectations for Zions Bancorporation, National Association’s Q2 2024 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Zions Bancorporation, National Association in a research note issued on Tuesday, April 23rd. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $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 research analysts have also recently commented on the company. Jefferies Financial Group dropped their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Stephens lifted their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 23rd. Morgan Stanley upped their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 target price on the stock. Finally, Compass Point reissued a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.16.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $42.17 on Wednesday. The company’s 50 day moving average price is $40.86 and its two-hundred day moving average price is $39.29. The firm has a market capitalization of $6.22 billion, a P/E ratio of 10.60 and a beta of 1.13. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The company 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 previous year, the business posted $1.33 earnings per share.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Activity

In other news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, 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 available through the SEC website. In related news, VP A Scott Anderson sold 832 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders sold 18,022 shares of company stock worth $744,893 in the last quarter. 2.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. Norges Bank acquired a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $67,694,000. Vaughan Nelson Investment Management L.P. boosted 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zions Bancorporation, National Association by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock worth $220,077,000 after acquiring an additional 927,899 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at about $28,113,000. Finally, Artemis Investment Management LLP bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at about $28,025,000. 76.84% of the stock is owned by institutional investors.

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.