Zions Bancorporation, National Association (ZION) to Release Quarterly Earnings on Monday

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) will announce its earnings results after the market closes on Monday, April 25th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last announced its quarterly earnings results on Monday, January 24th. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Zions Bancorporation, National Association had a net margin of 38.01% and a return on equity of 15.40%. The firm had revenue of $743.00 million during the quarter, compared to analyst estimates of $712.71 million. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect Zions Bancorporation, National Association to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of ZION stock opened at $60.74 on Friday. The company has a 50 day moving average price of $66.92 and a 200-day moving average price of $65.95. Zions Bancorporation, National Association has a 52 week low of $47.06 and a 52 week high of $75.44. The firm has a market capitalization of $9.23 billion, a PE ratio of 8.97 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.27.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 24th. Investors of record on Thursday, February 17th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 16th. This represents a $1.52 annualized dividend and a yield of 2.50%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 22.45%.

Zions Bancorporation, National Association announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 28th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Several analysts recently issued reports on ZION shares. Barclays boosted their target price on shares of Zions Bancorporation, National Association from $67.00 to $73.00 in a research report on Monday, January 3rd. B. Riley cut their target price on shares of Zions Bancorporation, National Association from $77.00 to $70.00 in a research report on Tuesday, April 12th. Bank of America lowered shares of Zions Bancorporation, National Association from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $65.00 to $68.00 in a research report on Thursday, January 6th. Robert W. Baird upgraded shares of Zions Bancorporation, National Association from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $49.00 to $60.00 in a research report on Monday, April 18th. Finally, Zacks Investment Research downgraded shares of Zions Bancorporation, National Association from a “strong-buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a report on Monday, March 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.29.

In related news, CEO Alan M. Forney sold 2,047 shares of the company’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $74.60, for a total transaction of $152,706.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca K. Robinson sold 15,120 shares of the company’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $69.52, for a total transaction of $1,051,142.40. The disclosure for this sale can be found here. Insiders sold 50,899 shares of company stock worth $3,623,797 in the last three months. Insiders own 1.81% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in Zions Bancorporation, National Association by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,475,547 shares of the bank’s stock valued at $93,196,000 after acquiring an additional 71,100 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Zions Bancorporation, National Association by 26.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 692,406 shares of the bank’s stock valued at $43,732,000 after acquiring an additional 143,065 shares during the last quarter. Barclays PLC grew its holdings in shares of Zions Bancorporation, National Association by 17.8% in the fourth quarter. Barclays PLC now owns 447,437 shares of the bank’s stock worth $28,261,000 after purchasing an additional 67,492 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Zions Bancorporation, National Association by 4.3% in the fourth quarter. Glenmede Trust Co. NA now owns 100,923 shares of the bank’s stock worth $6,374,000 after purchasing an additional 4,132 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Zions Bancorporation, National Association by 82.5% in the fourth quarter. Sei Investments Co. now owns 94,666 shares of the bank’s stock worth $6,063,000 after purchasing an additional 42,783 shares during the last quarter. Institutional investors and hedge funds own 82.12% of the company’s stock.

Zions Bancorporation, National Association Company Profile (Get Rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

Further Reading

Earnings History for Zions Bancorporation, National Association (NASDAQ:ZION)

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