Wall Street analysts expect that Zions Bancorporation NA (NASDAQ:ZION) will report earnings of $1.10 per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Zions Bancorporation NA’s earnings, with estimates ranging from $1.04 to $1.16. Zions Bancorporation NA posted earnings of $0.89 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.6%. The business is expected to report its next quarterly earnings report on Monday, July 22nd.
On average, analysts expect that Zions Bancorporation NA will report full year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.36 to $4.68. For the next financial year, analysts forecast that the business will report earnings of $4.79 per share, with EPS estimates ranging from $4.57 to $5.07. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Zions Bancorporation NA.
Zions Bancorporation NA (NASDAQ:ZION) last released its earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.01). The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $715.64 million. Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. During the same quarter last year, the company earned $1.09 earnings per share.
A number of equities research analysts have issued reports on ZION shares. BidaskClub upgraded shares of Zions Bancorporation NA from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 16th. Wedbush increased their target price on shares of Zions Bancorporation NA from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, January 23rd. ValuEngine upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Vining Sparks reiterated a “buy” rating and set a $63.00 target price on shares of Zions Bancorporation NA in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $53.00 to $50.00 in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.87.
Zions Bancorporation NA stock traded up $0.03 during mid-day trading on Friday, reaching $48.22. 147,372 shares of the company’s stock were exchanged, compared to its average volume of 2,433,814. The firm has a market cap of $8.80 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.49. Zions Bancorporation NA has a twelve month low of $38.08 and a twelve month high of $59.19. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation NA’s dividend payout ratio is presently 29.41%.
In other Zions Bancorporation NA news, EVP Terry Alan Shirey sold 493 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $50.80, for a total value of $25,044.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Keith D. Maio sold 11,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $48.67, for a total transaction of $535,370.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,242 shares of company stock worth $1,253,016. Insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ZION. Smith Asset Management Group LP purchased a new position in shares of Zions Bancorporation NA in the 4th quarter valued at $27,000. First Interstate Bank purchased a new position in shares of Zions Bancorporation NA in the 1st quarter valued at $27,000. Buffington Mohr McNeal purchased a new position in shares of Zions Bancorporation NA in the 1st quarter valued at $30,000. CSat Investment Advisory L.P. grew its position in shares of Zions Bancorporation NA by 97.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock valued at $31,000 after buying an additional 373 shares during the last quarter. Finally, Doyle Wealth Management purchased a new position in shares of Zions Bancorporation NA in the 4th quarter valued at $33,000. 96.61% of the stock is currently owned by hedge funds and other institutional investors.
About Zions Bancorporation NA
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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