Zions Bancorporation, National Association (NASDAQ:ZION) Issues Earnings Results, Beats Estimates By $0.18 EPS

Zions Bancorporation, National Association (NASDAQ:ZION) issued its earnings results on Monday. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18, Briefing.com reports. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter in the prior year, the business posted $1.11 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $49.90 on Thursday. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average price of $43.89 and a 200 day moving average price of $42.35. The stock has a market cap of $7.37 billion, a PE ratio of 12.81, a P/E/G ratio of 5.36 and a beta of 1.11.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZION. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial lifted their price target on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday. Evercore ISI lifted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley lifted their price objective on shares of Zions Bancorporation, National Association from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $48.06.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last three months, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is owned by corporate insiders.

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.