What is Zacks Research’s Estimate for ZION FY2024 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Zions Bancorporation, National Association in a research report issued to clients and investors on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $4.79 per share for the year, up from their previous forecast of $4.49. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.18 EPS, Q1 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.72 EPS, Q3 2026 earnings at $1.35 EPS and FY2026 earnings at $5.19 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the business posted $1.13 earnings per share.

Other research analysts have also issued reports about the company. Truist Financial lifted their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Stephens increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.12.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $59.60 on Wednesday. Zions Bancorporation, National Association has a 52 week low of $33.66 and a 52 week high of $61.80. The company has a fifty day simple moving average of $50.15 and a two-hundred day simple moving average of $46.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 5.28 and a beta of 1.07.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 14th. 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 2.89%. Zions Bancorporation, National Association’s dividend payout ratio is 37.36%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $519,048 in the last three months. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.