Wall Street analysts expect Zions Bancorporation, National Association (NASDAQ:ZION – Get a rating) will report sales of $738.14 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts released estimates for Zions Bancorporation, National Association earnings. The highest sales estimate is $786.00 million and the lowest is $717.00 million. Zions Bancorporation, National Association recorded sales of $760.00 million in the same quarter last year, which would indicate a negative growth rate of 2.9% year over year. The company is due to announce its next results on Monday, January 1.

According to Zacks, analysts expect Zions Bancorporation, National Association to report annual revenue of $2.98 billion for the current year, with estimates ranging from $2.80 billion to $3.12 billion. of dollars. For next year, analysts expect the company to post sales of $3.29 billion, with estimates ranging from $3.08 billion to $3.54 billion. Zacks sales calculations are an average average based on a survey of sell-side analysts who track Zions Bancorporation, National Association.

Zions Bancorporation, National Association (NASDAQ:ZION – Get a rating) last released its quarterly results on Monday, April 25. The bank reported earnings per share of $1.27 for the quarter, beating consensus analyst estimates of $1.15 by $0.12. Zions Bancorporation, National Association achieved a return on equity of 14.53% and a net margin of 34.40%. The company posted revenue of $694.00 million for the quarter, compared to $700.11 million expected by analysts. During the same period last year, the company earned earnings per share of $1.90.

ZION has been the subject of a number of analyst reports. Raymond James upgraded Zions Bancorporation, National Association, from a “strong buy” rating to a “market performance” rating in a Tuesday, April 26 research note. Barclays raised its price target on Zions Bancorporation, National Association from $73.00 to $81.00 and gave the stock an “equal weight” rating in a Tuesday, April 26 research report. Goldman Sachs Group raised its price target on Zions Bancorporation, National Association from $70.00 to $78.00 and gave the stock a “neutral” rating in a Monday, April 4 research report. Robert W. Baird downgraded Zions Bancorporation, National Association from an “underperforming” rating to a “neutral” rating and raised its target price for the stock from $49.00 to $60.00 in a report research on Monday, April 18. Finally, DA Davidson reiterated a “neutral” rating on the shares of Zions Bancorporation, National Association in a Tuesday, January 25 research report. One analyst rated the stock with a sell rating, eleven assigned a hold rating and six assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.47.

In other news from Zions Bancorporation, National Association, SVP James R. Abbott acquired 10,000 shares in a transaction on Monday, May 2. The shares were purchased at an average price of $57.03 per share, with a total value of $570,300.00. Following the acquisition, the senior vice president now owns 77,918 shares of the company, valued at $4,443,663.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, Vice President A Scott Anderson sold 30,703 shares of Zions Bancorporation, National Association shares in a transaction that took place on Monday, February 14. The shares were sold at an average price of $71.85, for a total value of $2,206,010.55. Disclosure of this sale can be found here. 1.81% of the shares are currently held by insiders.

Several large investors have recently changed their positions in the company. BlackRock Inc. increased its stake in shares of Zions Bancorporation, National Association by 0.6% during the third quarter. BlackRock Inc. now owns 10,915,354 shares of the bank worth $675,553,000 after acquiring an additional 69,919 shares last quarter. Victory Capital Management Inc. increased its position in shares of Zions Bancorporation, National Association by 4.5% during the 1st quarter. Victory Capital Management Inc. now owns 7,459,316 shares of the bank worth $486,109,000 after purchasing an additional 322,397 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zions Bancorporation, National Association by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,543,617 shares of the bank worth $281,218,000 after purchasing an additional 71,343 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Zions Bancorporation, National Association by 2.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,719,392 shares of the bank worth $234,917,000 after buying an additional 73,201 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Zions Bancorporation, National Association by 0.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,387,026 shares of the bank worth $209,623,000 after purchasing an additional 9,456 shares in the last quarter. 82.24% of the shares are currently held by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock opened at $53.56 on Friday. Zions Bancorporation, National Association has a 1-year low of $47.06 and a 1-year high of $75.44. The company has a debt ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $8.11 billion, a PE ratio of 8.72, a P/E/G ratio of 8.15 and a beta of 1.29. The stock’s fifty-day moving average is $62.78 and its two-hundred-day moving average is $65.18.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 26. Investors of record on Thursday, May 19 will receive a dividend of $0.38. This represents an annualized dividend of $1.52 and a yield of 2.84%. The ex-dividend date is Wednesday, May 18. Zions Bancorporation, the National Association’s dividend payout ratio (DPR) is currently 24.76%.

Zions Bancorporation, National Association Corporate Profile (Get a 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 business banking services; commercial banking, including small and medium enterprises; commercial real estate banking services; municipal and public finance departments; retail banking, including residential mortgages; fiduciary services; wealth management and personal banking services; and capital markets products and services.

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