Zions Bancorporation NA (NASDAQ:ZION) – Equities research analysts at SunTrust Banks issued their Q1 2021 earnings per share (EPS) estimates for shares of Zions Bancorporation NA in a research note issued to investors on Wednesday, January 22nd, according to Zacks Investment Research. SunTrust Banks analyst J. Demba anticipates that the bank will post earnings of $1.06 per share for the quarter. SunTrust Banks has a “Buy” rating and a $60.00 price objective on the stock. SunTrust Banks also issued estimates for Zions Bancorporation NA’s Q2 2021 earnings at $1.14 EPS, Q3 2021 earnings at $1.23 EPS, Q4 2021 earnings at $1.28 EPS and FY2021 earnings at $4.70 EPS.
Several other equities analysts have also recently commented on ZION. DA Davidson cut Zions Bancorporation NA from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird raised Zions Bancorporation NA from an “underperform” rating to a “neutral” rating and set a $48.00 price target for the company in a report on Tuesday, January 28th. Wedbush upped their price target on Zions Bancorporation NA from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Zions Bancorporation NA in a report on Thursday, December 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 price target on shares of Zions Bancorporation NA in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Zions Bancorporation NA currently has an average rating of “Hold” and an average target price of $51.19.
Zions Bancorporation NA stock opened at $47.01 on Thursday. The business has a 50 day moving average price of $49.79 and a two-hundred day moving average price of $46.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. Zions Bancorporation NA has a 12 month low of $39.11 and a 12 month high of $52.48.
Zions Bancorporation NA (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.11). Zions Bancorporation NA had a return on equity of 12.19% and a net margin of 25.15%. The business had revenue of $711.00 million for the quarter, compared to analyst estimates of $702.03 million. During the same period in the prior year, the firm posted $1.08 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $1.36 annualized dividend and a dividend yield of 2.89%. Zions Bancorporation NA’s dividend payout ratio is currently 31.41%.
In related news, VP Alan M. Forney sold 3,029 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $46.47, for a total transaction of $140,757.63. Following the sale, the vice president now directly owns 10,379 shares in the company, valued at approximately $482,312.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. Schroder Investment Management Group grew its position in Zions Bancorporation NA by 0.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,031,443 shares of the bank’s stock worth $47,426,000 after acquiring an additional 7,799 shares during the last quarter. Private Advisor Group LLC boosted its position in Zions Bancorporation NA by 4.5% in the 2nd quarter. Private Advisor Group LLC now owns 6,214 shares of the bank’s stock valued at $286,000 after buying an additional 269 shares during the last quarter. Marshall Wace LLP boosted its position in Zions Bancorporation NA by 85.8% in the 2nd quarter. Marshall Wace LLP now owns 15,871 shares of the bank’s stock valued at $730,000 after buying an additional 7,330 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Zions Bancorporation NA by 47.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 59,099 shares of the bank’s stock valued at $2,717,000 after buying an additional 19,131 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its position in Zions Bancorporation NA by 81.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,184 shares of the bank’s stock valued at $55,000 after buying an additional 531 shares during the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.
Zions Bancorporation NA Company Profile
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.