What is DA Davidson’s Forecast for ZION FY2025 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at DA Davidson raised their FY2025 earnings estimates for Zions Bancorporation, National Association in a report released on Wednesday, January 22nd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $5.74 per share for the year, up from their previous forecast of $5.10. DA Davidson has a “Buy” rating and a $69.00 price target on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.96 per share.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday. Truist Financial raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. UBS Group assumed coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective on the stock. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.71.

Zions Bancorporation, National Association Trading Down 0.1 %

NASDAQ ZION opened at $58.02 on Friday. The stock’s fifty day moving average price is $57.17 and its 200-day moving average price is $51.96. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The stock has a market cap of $8.57 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.10 and a beta of 1.12. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is presently 34.75%.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently added to or reduced their stakes in ZION. Hsbc Holdings PLC boosted its position in shares of Zions Bancorporation, National Association by 1.2% during the second quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank’s stock worth $1,312,000 after acquiring an additional 363 shares during the last quarter. Sei Investments Co. lifted its stake in Zions Bancorporation, National Association by 1.9% in the 2nd quarter. Sei Investments Co. now owns 74,861 shares of the bank’s stock worth $3,246,000 after purchasing an additional 1,394 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Zions Bancorporation, National Association by 7.5% during the second quarter. Ensign Peak Advisors Inc now owns 46,479 shares of the bank’s stock valued at $2,016,000 after purchasing an additional 3,240 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after purchasing an additional 296 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after purchasing an additional 433,513 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other 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.