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

Zions Bancorporation, National Association (NASDAQ:ZION) – Research analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a report issued on Tuesday, December 3rd. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $4.80 per share for the year, up from their prior forecast of $4.79. 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 $1.19 EPS, Q3 2025 earnings at $1.24 EPS, Q2 2026 earnings at $1.26 EPS, Q3 2026 earnings at $1.33 EPS and FY2026 earnings at $5.14 EPS.

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

ZION has been the topic of several other reports. Wedbush upped their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Stephens increased their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $55.13.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $59.17 on Wednesday. The stock has a 50-day simple moving average of $53.66 and a 200 day simple moving average of $48.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $8.74 billion, a PE ratio of 13.48, a P/E/G ratio of 5.30 and a beta of 1.10. Zions Bancorporation, National Association has a twelve month low of $37.05 and a twelve month high of $63.22.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s 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 transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock worth $1,108,184 in the last 90 days. 2.22% of the stock is owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. Cetera Investment Advisers increased its holdings in Zions Bancorporation, National Association by 56.5% during the first quarter. Cetera Investment Advisers now owns 42,811 shares of the bank’s stock valued at $1,858,000 after buying an additional 15,458 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Zions Bancorporation, National Association in the first quarter worth $878,000. CWM LLC increased its stake in shares of Zions Bancorporation, National Association by 9.5% in the second quarter. CWM LLC now owns 20,104 shares of the bank’s stock worth $872,000 after purchasing an additional 1,744 shares in the last quarter. Strategic Advocates LLC increased its stake in shares of Zions Bancorporation, National Association by 6.1% in the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after purchasing an additional 296 shares in the last quarter. Finally, Symmetry Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter worth $430,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Company Profile

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.