Jefferies Financial Group Comments on Zions Bancorporation, National Association’s Q3 2021 Earnings (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) – Equities researchers at Jefferies Financial Group upped their Q3 2021 EPS estimates for shares of Zions Bancorporation, National Association in a research note issued on Tuesday, July 20th. Jefferies Financial Group analyst K. Usdin now forecasts that the bank will post earnings of $1.27 per share for the quarter, up from their previous forecast of $1.22. Jefferies Financial Group has a “Hold” rating and a $57.00 price objective on the stock. Jefferies Financial Group also issued estimates for Zions Bancorporation, National Association’s Q3 2021 earnings at $1.27 EPS, Q4 2021 earnings at $1.21 EPS, Q4 2021 earnings at $1.21 EPS, FY2022 earnings at $4.55 EPS and FY2022 earnings at $4.55 EPS.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Sunday, July 18th. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.79. Zions Bancorporation, National Association had a net margin of 38.07% and a return on equity of 15.63%. The business had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $712.42 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis.

Several other research analysts have also commented on ZION. Truist lowered their price objective on shares of Zions Bancorporation, National Association from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird raised shares of Zions Bancorporation, National Association from an “underperform” rating to a “neutral” rating and set a $49.00 price objective for the company in a research note on Tuesday. Stephens raised their price objective on shares of Zions Bancorporation, National Association from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 30th. B. Riley reissued a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Zions Bancorporation, National Association in a research note on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Zions Bancorporation, National Association from $45.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, April 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.93.

NASDAQ ZION opened at $51.64 on Thursday. The company has a 50 day simple moving average of $54.68. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Zions Bancorporation, National Association has a one year low of $27.55 and a one year high of $60.65. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Thursday, May 13th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 2.63%. Zions Bancorporation, National Association’s dividend payout ratio is presently 45.03%.

In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 2,082 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $57.97, for a total value of $120,693.54. Following the transaction, the vice president now directly owns 13,620 shares of the company’s stock, valued at approximately $789,551.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David E. Blackford sold 551 shares of the business’s stock in a transaction on Tuesday, May 11th. The shares were sold at an average price of $58.51, for a total transaction of $32,239.01. The disclosure for this sale can be found here. Insiders have sold a total of 28,930 shares of company stock valued at $1,638,133 in the last 90 days. Insiders own 1.73% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ZION. Ironwood Wealth Management LLC. acquired a new position in Zions Bancorporation, National Association in the 4th quarter valued at $906,000. Los Angeles Capital Management LLC boosted its position in shares of Zions Bancorporation, National Association by 160.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 222,504 shares of the bank’s stock worth $9,666,000 after buying an additional 137,171 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in Zions Bancorporation, National Association by 23.9% during the 4th quarter. Berman Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $69,000 after acquiring an additional 308 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Zions Bancorporation, National Association by 27.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 86,534 shares of the bank’s stock worth $3,759,000 after acquiring an additional 18,657 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Zions Bancorporation, National Association by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,156 shares of the bank’s stock worth $1,267,000 after purchasing an additional 1,796 shares during the last quarter. 81.78% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Company Profile

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.

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

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