Equities analysts forecast that Zions Bancorp (NASDAQ:ZION) will post earnings of $0.83 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Zions Bancorp’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.78. Zions Bancorp reported earnings of $0.61 per share during the same quarter last year, which would suggest a positive year over year growth rate of 36.1%. The firm is expected to issue its next earnings report after the market closes on Monday, April 23rd.
On average, analysts expect that Zions Bancorp will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.46 to $3.99. For the next fiscal year, analysts forecast that the business will report earnings of $4.09 per share, with EPS estimates ranging from $3.71 to $4.63. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Zions Bancorp.
Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same quarter last year, the firm posted $0.60 EPS.
In related news, insider Alexander Hume sold 7,196 shares of Zions Bancorp stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $53.87, for a total value of $387,648.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,250 shares of Zions Bancorp stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 57,224 shares of company stock valued at $3,156,817. 1.46% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ZION. Crewe Advisors LLC bought a new position in Zions Bancorp during the 4th quarter valued at $102,000. Delpha Capital Management LLC bought a new position in Zions Bancorp during the 4th quarter valued at $107,000. G&S Capital LLC bought a new position in Zions Bancorp during the 4th quarter valued at $115,000. Tower Research Capital LLC TRC lifted its stake in Zions Bancorp by 1,274.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock valued at $140,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Zions Bancorp by 2,081.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock valued at $152,000 after acquiring an additional 2,872 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.
Shares of ZION stock opened at $52.08 on Thursday. The company has a market cap of $10,476.18, a PE ratio of 18.21, a P/E/G ratio of 1.56 and a beta of 1.38. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $57.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.88 and a quick ratio of 0.88.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Zions Bancorp (ZION) to Post $0.83 EPS” was published by Week Herald and is owned by of Week Herald. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://weekherald.com/2018/04/19/zacks-analysts-expect-zions-bancorp-zion-to-post-0-83-eps.html.
About Zions Bancorp
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.