Q4 2021 EPS Estimates for Zions Bancorporation, National Association Reduced by B. Riley (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Investment analysts at B. Riley cut their Q4 2021 earnings per share (EPS) estimates for Zions Bancorporation, National Association in a research note issued on Wednesday, January 12th. B. Riley analyst S. Moss now expects that the bank will earn $1.32 per share for the quarter, down from their previous forecast of $1.33. B. Riley also issued estimates for Zions Bancorporation, National Association’s Q4 2022 earnings at $1.43 EPS, FY2022 earnings at $5.15 EPS and FY2023 earnings at $5.90 EPS.

A number of other research analysts have also commented on the stock. Wolfe Research upgraded shares of Zions Bancorporation, National Association from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $64.00 to $85.00 in a research report on Wednesday, November 17th. Barclays boosted their price target on shares of Zions Bancorporation, National Association from $67.00 to $73.00 in a research report on Monday, January 3rd. Bank of America lowered shares of Zions Bancorporation, National Association from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $65.00 to $68.00 in a research report on Thursday, January 6th. Raymond James boosted their price target on shares of Zions Bancorporation, National Association from $73.00 to $76.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 6th. Finally, DA Davidson boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.63.

ZION opened at $70.65 on Friday. The company has a fifty day moving average price of $64.91 and a 200-day moving average price of $59.96. The firm has a market capitalization of $11.05 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 0.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a one year low of $43.64 and a one year high of $71.21.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Sunday, October 17th. The bank reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $710.64 million. Zions Bancorporation, National Association had a net margin of 40.66% and a return on equity of 16.21%. Zions Bancorporation, National Association’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock repurchase plan on Friday, October 22nd that authorizes the company to buyback $325.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 18th. Shareholders of record on Wednesday, November 10th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, November 9th. Zions Bancorporation, National Association’s dividend payout ratio is presently 21.44%.

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 8,867 shares of the business’s stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $65.71, for a total value of $582,650.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith D. Maio sold 11,785 shares of the company’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $66.25, for a total transaction of $780,756.25. The disclosure for this sale can be found here. Insiders sold 34,783 shares of company stock valued at $2,281,427 over the last three months. 1.73% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Zions Bancorporation, National Association by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 9,000 shares of the bank’s stock valued at $475,000 after acquiring an additional 207 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Zions Bancorporation, National Association by 1.8% during the second quarter. HighTower Advisors LLC now owns 14,857 shares of the bank’s stock valued at $785,000 after acquiring an additional 264 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Zions Bancorporation, National Association by 33.0% during the third quarter. Daiwa Securities Group Inc. now owns 1,269 shares of the bank’s stock valued at $79,000 after acquiring an additional 315 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of Zions Bancorporation, National Association by 1.2% during the third quarter. Cascade Investment Advisors Inc. now owns 28,420 shares of the bank’s stock valued at $1,759,000 after acquiring an additional 325 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Zions Bancorporation, National Association by 2.2% during the third quarter. TCI Wealth Advisors Inc. now owns 15,315 shares of the bank’s stock valued at $948,000 after acquiring an additional 333 shares during the last quarter. 83.10% of the stock is owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

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

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