Jefferies Financial Group Weighs in on Zions Bancorporation NA’s Q1 2019 Earnings (NASDAQ:ZION)

Zions Bancorporation NA (NASDAQ:ZION) – Jefferies Financial Group dropped their Q1 2019 earnings per share estimates for Zions Bancorporation NA in a note issued to investors on Monday, April 1st, according to Zacks Investment Research. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will post earnings per share of $1.08 for the quarter, down from their prior estimate of $1.09. Jefferies Financial Group also issued estimates for Zions Bancorporation NA’s Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.21 EPS, FY2019 earnings at $4.60 EPS and FY2020 earnings at $4.80 EPS.

Zions Bancorporation NA (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.01). Zions Bancorporation NA had a net margin of 27.58% and a return on equity of 12.24%. The business had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $715.64 million. During the same quarter last year, the business posted $1.09 earnings per share.

Other equities analysts also recently issued reports about the stock. Vining Sparks restated a “buy” rating and set a $63.00 target price on shares of Zions Bancorporation NA in a report on Thursday, January 24th. ValuEngine upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Friday, March 1st. BidaskClub upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Zacks Investment Research restated a “hold” rating and set a $43.00 target price on shares of Zions Bancorporation NA in a report on Monday, December 31st. Finally, JPMorgan Chase & Co. downgraded shares of Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $53.00 to $50.00 in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Zions Bancorporation NA currently has a consensus rating of “Hold” and an average target price of $54.87.

NASDAQ:ZION traded up $0.39 during mid-day trading on Thursday, hitting $48.75. 906,072 shares of the company’s stock traded hands, compared to its average volume of 2,504,234. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Zions Bancorporation NA has a 1 year low of $38.08 and a 1 year high of $59.19. The company has a market capitalization of $8.90 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. Zions Bancorporation NA’s dividend payout ratio (DPR) is presently 29.41%.

In related news, EVP Terry Alan Shirey sold 493 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $50.80, for a total value of $25,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Alexander sold 5,169 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $50.15, for a total transaction of $259,225.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,225 shares of company stock valued at $1,537,180. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ZION. Smith Asset Management Group LP purchased a new stake in Zions Bancorporation NA in the fourth quarter valued at approximately $27,000. CSat Investment Advisory L.P. lifted its position in Zions Bancorporation NA by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock valued at $31,000 after buying an additional 373 shares in the last quarter. Doyle Wealth Management acquired a new position in Zions Bancorporation NA during the fourth quarter valued at approximately $33,000. Pinnacle Bank acquired a new position in Zions Bancorporation NA during the fourth quarter valued at approximately $33,000. Finally, JOYN Advisors Inc. lifted its position in Zions Bancorporation NA by 2,100.0% during the fourth quarter. JOYN Advisors Inc. now owns 836 shares of the bank’s stock valued at $34,000 after buying an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

About Zions Bancorporation NA

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.

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Earnings History and Estimates for Zions Bancorporation NA (NASDAQ:ZION)

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