Analysts Estimate Report : What to Look Out for Zions Bancorporation, National Association (NASDAQ:ZION)

Earnings results for Zions Bancorporation, National Association (NASDAQ:ZION)

Zions Bancorporation N.A. is expected* to report earnings on 01/19/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.01. The reported EPS for the same quarter last year was $1.1400000000000001.

Zions Bancorporation, National Association last released its earnings data on October 19th, 2020. The bank reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. The firm earned $719 million during the quarter, compared to the consensus estimate of $708.33 million. Zions Bancorporation, National Association has generated $4.33 earnings per share over the last year and currently has a price-to-earnings ratio of 20.8. Zions Bancorporation, National Association has confirmed that its next quarterly earnings report will be published on Tuesday, January 19th, 2021.

Analyst Opinion on Zions Bancorporation, National Association (NASDAQ:ZION)

19 Wall Street analysts have issued ratings and price targets for Zions Bancorporation, National Association in the last 12 months. Their average twelve-month price target is $41.94, predicting that the stock has a possible downside of 14.66%. The high price target for ZION is $58.00 and the low price target for ZION is $24.00. There are currently 1 sell rating, 12 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Hold.”

Zions Bancorporation, National Association has received a consensus rating of Hold. The company’s average rating score is 2.32, and is based on 5 buy ratings, 12 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $41.94, Zions Bancorporation, National Association has a forecasted downside of 14.7% from its current price of $49.14. Zions Bancorporation, National Association has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Zions Bancorporation, National Association (NASDAQ:ZION)

Zions Bancorporation, National Association pays a meaningful dividend of 2.77%, higher than the bottom 25% of all stocks that pay dividends. Zions Bancorporation, National Association has been increasing its dividend for 5 years. The dividend payout ratio of Zions Bancorporation, National Association is 31.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Zions Bancorporation, National Association will have a dividend payout ratio of 43.45% next year. This indicates that Zions Bancorporation, National Association will be able to sustain or increase its dividend.

Insiders buying/selling: Zions Bancorporation, National Association (NASDAQ:ZION)

In the past three months, Zions Bancorporation, National Association insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $659,444.00 in company stock. Only 1.81% of the stock of Zions Bancorporation, National Association is held by insiders. 86.34% of the stock of Zions Bancorporation, National Association is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Zions Bancorporation, National Association (NASDAQ:ZION

Earnings for Zions Bancorporation, National Association are expected to grow by 29.88% in the coming year, from $2.41 to $3.13 per share. The P/E ratio of Zions Bancorporation, National Association is 20.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.56. The P/E ratio of Zions Bancorporation, National Association is 20.82, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.98. Zions Bancorporation, National Association has a PEG Ratio of 2.91. PEG Ratios above 1 indicate that a company could be overvalued. Zions Bancorporation, National Association has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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