Brokerages expect Zions Bancorporation NA (NASDAQ:ZION) to post sales of $724.08 million for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Zions Bancorporation NA’s earnings, with the lowest sales estimate coming in at $720.90 million and the highest estimate coming in at $731.00 million. Zions Bancorporation NA posted sales of $686.00 million in the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings results on Monday, July 22nd.
On average, analysts expect that Zions Bancorporation NA will report full year sales of $2.91 billion for the current financial year, with estimates ranging from $2.87 billion to $2.94 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.99 billion, with estimates ranging from $2.93 billion to $3.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zions Bancorporation NA.
Zions Bancorporation NA (NASDAQ:ZION) last released its quarterly earnings data on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.01). Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $715.64 million. During the same period in the previous year, the firm earned $1.09 EPS.
NASDAQ:ZION opened at $44.40 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83. Zions Bancorporation NA has a 1 year low of $38.08 and a 1 year high of $57.25. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.13 and a beta of 1.53.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, May 15th. Zions Bancorporation NA’s payout ratio is currently 29.41%.
In related news, insider Mark Richard Young sold 2,386 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $43.93, for a total transaction of $104,816.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Scott Anderson sold 10,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.22, for a total value of $472,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,100 shares of company stock valued at $1,424,658. 1.70% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cleararc Capital Inc. purchased a new stake in shares of Zions Bancorporation NA in the 1st quarter worth $205,000. Meridian Wealth Management LLC bought a new position in shares of Zions Bancorporation NA in the 1st quarter worth $310,000. Thor Advisors LLC bought a new position in shares of Zions Bancorporation NA in the 1st quarter worth $80,000. Castine Capital Management LLC bought a new position in shares of Zions Bancorporation NA in the 1st quarter worth $7,626,000. Finally, Anderson Fisher LLC raised its position in shares of Zions Bancorporation NA by 45.5% in the 1st quarter. Anderson Fisher LLC now owns 4,791 shares of the bank’s stock worth $218,000 after acquiring an additional 1,499 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.
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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