What is DA Davidson’s Forecast for ZION Q4 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for Zions Bancorporation, National Association in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst P. Winter anticipates that the bank will earn $1.25 per share for the quarter. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.60 per share.

A number of other analysts have also weighed in on ZION. Truist Financial upped their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Barclays lifted their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research report on Tuesday. Jefferies Financial Group dropped their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Price Performance

ZION opened at $51.89 on Thursday. The company has a 50-day moving average of $47.85 and a 200-day moving average of $45.38. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The company has a market capitalization of $7.66 billion, a P/E ratio of 11.82, a PEG ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78.

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

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the third quarter worth approximately $28,000. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the second quarter worth about $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association during the 2nd quarter worth $34,000. Finally, Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 37.36%.

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.