Zions Bancorporation, National Association Forecasted to Post Q3 2021 Earnings of $1.47 Per Share (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at B. Riley upped their Q3 2021 EPS estimates for shares of Zions Bancorporation, National Association in a research report issued on Tuesday, July 20th. B. Riley analyst S. Moss now anticipates that the bank will post earnings of $1.47 per share for the quarter, up from their prior estimate of $1.26. B. Riley has a “Buy” rating and a $57.00 price objective on the stock. B. Riley also issued estimates for Zions Bancorporation, National Association’s Q4 2021 earnings at $1.26 EPS, Q1 2022 earnings at $1.05 EPS, Q3 2022 earnings at $1.13 EPS and Q4 2022 earnings at $1.14 EPS.

A number of other research firms also recently weighed in on ZION. Piper Sandler cut their price target on Zions Bancorporation, National Association from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday. Robert W. Baird raised Zions Bancorporation, National Association from an “underperform” rating to a “neutral” rating and set a $49.00 price target for the company in a research note on Tuesday. Jefferies Financial Group raised their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, April 9th. Barclays raised their price target on Zions Bancorporation, National Association from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 7th. Finally, Raymond James reissued a “buy” rating and issued a $65.00 price objective on shares of Zions Bancorporation, National Association in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.93.

ZION opened at $51.64 on Wednesday. Zions Bancorporation, National Association has a fifty-two week low of $27.55 and a fifty-two week high of $60.65. The business’s 50-day moving average price is $54.68. 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 stock has a market cap of $8.46 billion, a P/E ratio of 7.77, a PEG ratio of 0.60 and a beta of 1.57.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Sunday, July 18th. The bank reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.79. Zions Bancorporation, National Association had a return on equity of 15.63% and a net margin of 38.07%. The firm had revenue of $760.00 million during the quarter, compared to analyst estimates of $712.42 million. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Thursday, May 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, May 12th. Zions Bancorporation, National Association’s dividend payout ratio is currently 45.03%.

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 2,093 shares of Zions Bancorporation, National Association 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 transaction, the chief executive officer now directly owns 19,552 shares of the company’s stock, valued at approximately $1,066,366.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas E. Laursen sold 2,706 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $54.37, for a total value of $147,125.22. Following the sale, the vice president now directly owns 25,714 shares in the company, valued at approximately $1,398,070.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,930 shares of company stock worth $1,638,133. Company insiders own 1.73% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Zions Bancorporation, National Association by 2.3% during the 1st quarter. BlackRock Inc. now owns 10,828,349 shares of the bank’s stock worth $595,125,000 after purchasing an additional 248,141 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zions Bancorporation, National Association by 8.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,827,679 shares of the bank’s stock worth $375,249,000 after purchasing an additional 514,837 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Zions Bancorporation, National Association by 16.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,468,792 shares of the bank’s stock worth $190,644,000 after purchasing an additional 479,771 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Zions Bancorporation, National Association by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,380,291 shares of the bank’s stock valued at $185,781,000 after buying an additional 31,092 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Zions Bancorporation, National Association by 0.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 3,307,920 shares of the bank’s stock valued at $181,803,000 after buying an additional 19,433 shares in the last quarter. 81.78% of the stock is currently owned by institutional investors.

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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