Zions Bancorporation, National Association (NASDAQ:ZION) Expected to Announce Earnings of $1.23 Per Share

Equities analysts expect Zions Bancorporation, National Association (NASDAQ:ZION) to report earnings of $1.23 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Zions Bancorporation, National Association’s earnings, with the highest EPS estimate coming in at $1.57 and the lowest estimate coming in at $0.89. Zions Bancorporation, National Association reported earnings of $0.34 per share in the same quarter last year, which would indicate a positive year over year growth rate of 261.8%. The company is expected to report its next earnings results on Monday, July 19th.

According to Zacks, analysts expect that Zions Bancorporation, National Association will report full-year earnings of $5.45 per share for the current financial year, with EPS estimates ranging from $4.44 to $6.00. For the next year, analysts forecast that the company will report earnings of $4.31 per share, with EPS estimates ranging from $3.55 to $5.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Zions Bancorporation, National Association.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Sunday, April 18th. The bank reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.74. The firm had revenue of $722.00 million for the quarter, compared to analysts’ expectations of $707.12 million. Zions Bancorporation, National Association had a return on equity of 11.77% and a net margin of 29.03%. During the same quarter in the previous year, the firm posted $0.04 EPS.

Several equities analysts recently issued reports on ZION shares. Morgan Stanley boosted their price target on Zions Bancorporation, National Association from $53.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, February 25th. Wells Fargo & Company boosted their price target on Zions Bancorporation, National Association from $45.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, April 1st. Jefferies Financial Group lifted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Friday, April 9th. Robert W. Baird reaffirmed an “underperform” rating and issued a $49.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, May 24th. Finally, B. Riley lifted their price objective on Zions Bancorporation, National Association from $57.00 to $62.00 and gave the company a “buy” rating in a report on Friday, April 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $51.61.

In other news, EVP Jennifer Anne Smith sold 14,267 shares of the business’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $52.89, for a total transaction of $754,581.63. Following the sale, the executive vice president now owns 30,246 shares of the company’s stock, valued at approximately $1,599,710.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan M. Forney sold 2,093 shares of the business’s stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $54.54, for a total value of $114,152.22. Following the sale, the chief executive officer now directly owns 19,552 shares in the company, valued at approximately $1,066,366.08. The disclosure for this sale can be found here. Insiders have sold a total of 43,197 shares of company stock worth $2,392,714 in the last three months. Corporate insiders own 1.73% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ZION. Principal Financial Group Inc. lifted its stake in Zions Bancorporation, National Association by 890.1% in the 4th quarter. Principal Financial Group Inc. now owns 3,310,115 shares of the bank’s stock valued at $143,791,000 after buying an additional 2,975,793 shares in the last quarter. Norges Bank purchased a new stake in Zions Bancorporation, National Association in the 4th quarter valued at approximately $84,495,000. Neuberger Berman Group LLC lifted its stake in Zions Bancorporation, National Association by 14,173.0% in the 1st quarter. Neuberger Berman Group LLC now owns 774,025 shares of the bank’s stock valued at $42,534,000 after buying an additional 768,602 shares in the last quarter. SummerHaven Investment Management LLC purchased a new stake in Zions Bancorporation, National Association in the 4th quarter valued at approximately $569,000. Finally, Victory Capital Management Inc. lifted its stake in Zions Bancorporation, National Association by 8.2% in the 1st quarter. Victory Capital Management Inc. now owns 6,827,679 shares of the bank’s stock valued at $375,249,000 after buying an additional 514,837 shares in the last quarter. 81.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ZION stock opened at $55.08 on Tuesday. The firm has a market cap of $9.02 billion, a PE ratio of 11.22, a PEG ratio of 0.77 and a beta of 1.59. Zions Bancorporation, National Association has a 52-week low of $27.55 and a 52-week high of $60.65. The firm has a 50-day moving average of $56.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Thursday, May 13th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, May 12th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 45.03%.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

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Earnings History and Estimates for Zions Bancorporation, National Association (NASDAQ:ZION)

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