Zions Bancorporation NA to Post Q2 2019 Earnings of $1.03 Per Share, Jefferies Financial Group Forecasts (NASDAQ:ZION)

Zions Bancorporation NA (NASDAQ:ZION) – Equities research analysts at Jefferies Financial Group lowered their Q2 2019 earnings estimates for shares of Zions Bancorporation NA in a research report issued to clients and investors on Tuesday, July 9th. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will post earnings of $1.03 per share for the quarter, down from their prior forecast of $1.11. Jefferies Financial Group also issued estimates for Zions Bancorporation NA’s FY2019 earnings at $4.40 EPS and FY2020 earnings at $4.65 EPS.

Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) 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 the consensus estimate of $715.64 million. During the same quarter in the previous year, the business posted $1.09 EPS.

Several other equities analysts have also issued reports on ZION. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. decreased their price target on Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Finally, ValuEngine lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $54.57.

Shares of ZION opened at $46.38 on Thursday. Zions Bancorporation NA has a 52-week low of $38.08 and a 52-week high of $54.76. The firm has a fifty day simple moving average of $44.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50.

In related news, insider James R. Abbott sold 1,988 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $45.83, for a total transaction of $91,110.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider A Scott Anderson sold 10,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was 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. Insiders have sold a total of 30,100 shares of company stock worth $1,424,658 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of ZION. Bank of New York Mellon Corp grew its stake in shares of Zions Bancorporation NA by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,869,543 shares of the bank’s stock worth $76,166,000 after purchasing an additional 184,833 shares during the period. Advisor Group Inc. grew its stake in shares of Zions Bancorporation NA by 15.9% during the 4th quarter. Advisor Group Inc. now owns 4,213 shares of the bank’s stock worth $172,000 after purchasing an additional 578 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Zions Bancorporation NA by 14.8% during the 4th quarter. State of Tennessee Treasury Department now owns 49,804 shares of the bank’s stock worth $2,029,000 after purchasing an additional 6,408 shares during the period. Northern Trust Corp grew its stake in shares of Zions Bancorporation NA by 1.9% during the 4th quarter. Northern Trust Corp now owns 2,233,371 shares of the bank’s stock worth $90,987,000 after purchasing an additional 41,576 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in shares of Zions Bancorporation NA by 0.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 119,311 shares of the bank’s stock worth $4,623,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 95.12% 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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