What is DA Davidson’s Forecast for ZION FY2024 Earnings?

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities research analysts at DA Davidson upped their FY2024 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a note issued to investors on Wednesday, October 23rd. DA Davidson analyst P. Winter now anticipates that the bank will earn $4.83 per share for the year, up from their previous estimate of $4.63. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.60 per share. DA Davidson also issued estimates for Zions Bancorporation, National Association’s FY2025 earnings at $4.91 EPS.

Several other brokerages also recently issued reports on ZION. Morgan Stanley increased their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Argus downgraded shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Compass Point increased their price objective on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $52.18 on Friday. The company has a market cap of $7.71 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company’s fifty day moving average is $47.97 and its two-hundred day moving average is $45.42. The company has a quick ratio of 0.84, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32.

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

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s 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 completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZION. Commonwealth Equity Services LLC lifted its holdings in shares of Zions Bancorporation, National Association by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock worth $2,495,000 after acquiring an additional 2,285 shares during the period. Caprock Group LLC lifted its stake in Zions Bancorporation, National Association by 18.4% during the first quarter. Caprock Group LLC now owns 7,043 shares of the bank’s stock worth $306,000 after purchasing an additional 1,097 shares during the period. HB Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 16.0% during the first quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock valued at $451,000 after purchasing an additional 1,432 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after purchasing an additional 153,387 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Zions Bancorporation, National Association by 13.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,407 shares of the bank’s stock worth $2,757,000 after buying an additional 8,145 shares in the last quarter. 76.84% of the stock is owned by 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.