DA Davidson Has Strong Forecast for ZION FY2025 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Analysts at DA Davidson lifted their FY2025 earnings estimates for shares of Zions Bancorporation, National Association in a research report issued on Wednesday, January 22nd. DA Davidson analyst P. Winter now expects that the bank will post earnings of $5.74 per share for the year, up from their prior forecast of $5.10. DA Davidson has a “Buy” rating and a $69.00 price objective 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 data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during 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%. Zions Bancorporation, National Association’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share.

Other research analysts also recently issued research reports about the stock. Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Compass Point increased their price target on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. Morgan Stanley upped their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One equities 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’s stock. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $58.64 on Friday. The stock’s 50 day moving average is $57.16 and its 200 day moving average is $52.07. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The firm has a market cap of $8.66 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.81.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Artemis Investment Management LLP grew its position in Zions Bancorporation, National Association by 165.0% during the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after buying an additional 563,889 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Zions Bancorporation, National Association by 25.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after buying an additional 538,049 shares during the last quarter. Wellington Management Group LLP purchased a new position in Zions Bancorporation, National Association in the third quarter valued at about $24,647,000. Finally, AQR Capital Management LLC grew its position in shares of Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after acquiring an additional 433,513 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock worth $1,108,184 over the last 90 days. 2.22% of the stock is currently owned by corporate insiders.

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 paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.93%. Zions Bancorporation, National Association’s dividend payout ratio is 34.75%.

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.