FY2024 EPS Estimates for Zions Bancorporation, National Association Raised by Wedbush (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at Wedbush upped their FY2024 earnings per share estimates for Zions Bancorporation, National Association in a research note issued on Tuesday, July 23rd. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $4.45 for the year, up from their previous forecast of $4.27. Wedbush currently has a “Neutral” rating and a $52.00 target price on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.43 per share. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.09 EPS and Q1 2025 earnings at $0.98 EPS.

Other research analysts have also issued reports about the stock. Truist Financial raised their target price on shares of Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Royal Bank of Canada lifted their price target on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price objective for the company. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.06.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $51.80 on Friday. The company has a market cap of $7.65 billion, a P/E ratio of 13.02, a P/E/G ratio of 5.11 and a beta of 1.11. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The company’s 50-day moving average price is $44.04 and its 200-day moving average price is $42.41. The company has a current ratio of 0.78, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same quarter last year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently added to or reduced their stakes in ZION. Dimensional Fund Advisors LP raised its holdings in shares of Zions Bancorporation, National Association by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock valued at $220,077,000 after purchasing an additional 927,899 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Zions Bancorporation, National Association by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after buying an additional 27,934 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after buying an additional 1,259,571 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in shares of Zions Bancorporation, National Association by 4.0% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,247,805 shares of the bank’s stock worth $98,611,000 after acquiring an additional 86,165 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Zions Bancorporation, National Association by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after acquiring an additional 5,609 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,296 shares of company stock valued at $319,192. Corporate insiders own 2.22% of the company’s stock.

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.