Zions Bancorporation NA (NASDAQ:ZION) – Stock analysts at Piper Jaffray Companies lowered their Q3 2019 earnings per share estimates for Zions Bancorporation NA in a research note issued to investors on Tuesday, May 21st. Piper Jaffray Companies analyst K. Barker now forecasts that the bank will post earnings of $1.12 per share for the quarter, down from their previous forecast of $1.13. Piper Jaffray Companies also issued estimates for Zions Bancorporation NA’s Q1 2020 earnings at $1.03 EPS.
Zions Bancorporation NA (NASDAQ:ZION) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $715.64 million. During the same quarter in the prior year, the firm earned $1.09 EPS.
Shares of Zions Bancorporation NA stock opened at $45.42 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. Zions Bancorporation NA has a twelve month low of $38.08 and a twelve month high of $58.66. The stock has a market capitalization of $8.28 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.
Several institutional investors have recently modified their holdings of ZION. Smith Asset Management Group LP acquired a new position in shares of Zions Bancorporation NA during the 4th quarter worth approximately $27,000. First Interstate Bank acquired a new position in shares of Zions Bancorporation NA during the 1st quarter worth approximately $27,000. Buffington Mohr McNeal acquired a new position in shares of Zions Bancorporation NA during the 1st quarter worth approximately $30,000. CSat Investment Advisory L.P. boosted its holdings in shares of Zions Bancorporation NA by 97.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock worth $31,000 after purchasing an additional 373 shares during the last quarter. Finally, Doyle Wealth Management acquired a new position in shares of Zions Bancorporation NA during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
In other news, EVP Keith D. Maio sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $48.67, for a total transaction of $535,370.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James R. Abbott sold 1,988 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $45.83, for a total value of $91,110.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,922 shares of company stock valued at $1,343,517. 1.70% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.64%. Zions Bancorporation NA’s dividend payout ratio (DPR) is currently 29.41%.
Zions Bancorporation NA Company Profile
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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