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ZION

Zions Bancorporation National Association NasdaqGS:ZION Stock Report

Last Price

US$53.54

Market Cap

US$8.1b

7D

-2.5%

1Y

-4.4%

Updated

24 May, 2022

Data

Company Financials +
ZION fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

ZION Stock Overview

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Zions Bancorporation National Association Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zions Bancorporation National Association
Historical stock prices
Current Share PriceUS$53.54
52 Week HighUS$75.44
52 Week LowUS$47.06
Beta1.28
1 Month Change-11.85%
3 Month Change-23.20%
1 Year Change-4.43%
3 Year Change20.99%
5 Year Change34.29%
Change since IPO1,429.71%

Recent News & Updates

Shareholder Returns

ZIONUS BanksUS Market
7D-2.5%0.01%-4.0%
1Y-4.4%-15.5%-13.2%

Return vs Industry: ZION exceeded the US Banks industry which returned -16.6% over the past year.

Return vs Market: ZION exceeded the US Market which returned -12.3% over the past year.

Price Volatility

Is ZION's price volatile compared to industry and market?
ZION volatility
ZION Average Weekly Movement6.3%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: ZION is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ZION's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18739,685Harris Simmonshttps://www.zionsbancorporation.com

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased.

Zions Bancorporation National Association Fundamentals Summary

How do Zions Bancorporation National Association's earnings and revenue compare to its market cap?
ZION fundamental statistics
Market CapUS$8.10b
Earnings (TTM)US$969.00m
Revenue (TTM)US$3.06b

8.4x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZION income statement (TTM)
RevenueUS$3.06b
Cost of RevenueUS$0
Gross ProfitUS$3.06b
Other ExpensesUS$2.09b
EarningsUS$969.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 26, 2022

Earnings per share (EPS)6.40
Gross Margin100.00%
Net Profit Margin31.67%
Debt/Equity Ratio23.9%

How did ZION perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Zions Bancorporation National Association undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ZION ($53.54) is trading below our estimate of fair value ($110.76)

Significantly Below Fair Value: ZION is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ZION is good value based on its Price-To-Earnings Ratio (8.4x) compared to the US Banks industry average (9.8x).

PE vs Market: ZION is good value based on its Price-To-Earnings Ratio (8.4x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: ZION is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: ZION is overvalued based on its Price-To-Book Ratio (1.4x) compared to the US Banks industry average (1.1x).


Future Growth

How is Zions Bancorporation National Association forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZION's forecast earnings growth (4.8% per year) is above the savings rate (1.9%).

Earnings vs Market: ZION's earnings (4.8% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: ZION's earnings are forecast to grow, but not significantly.

Revenue vs Market: ZION's revenue (5.9% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: ZION's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZION's Return on Equity is forecast to be low in 3 years time (13.9%).


Past Performance

How has Zions Bancorporation National Association performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ZION has high quality earnings.

Growing Profit Margin: ZION's current net profit margins (31.7%) are higher than last year (28.8%).


Past Earnings Growth Analysis

Earnings Trend: ZION's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: ZION's earnings growth over the past year (20.1%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: ZION earnings growth over the past year (20.1%) underperformed the Banks industry 20.9%.


Return on Equity

High ROE: ZION's Return on Equity (16%) is considered low.


Financial Health

How is Zions Bancorporation National Association's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ZION's Assets to Equity ratio (14.5x) is moderate.

Allowance for Bad Loans: ZION has a sufficient allowance for bad loans (190%).

Low Risk Liabilities: 97% of ZION's liabilities are made up of primarily low risk sources of funding.

Loan Level: ZION has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: ZION's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: ZION has an appropriate level of bad loans (0.5%).


Dividend

What is Zions Bancorporation National Association current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.84%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ZION's dividend (2.84%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: ZION's dividend (2.84%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: ZION's dividends per share have been stable in the past 10 years.

Growing Dividend: ZION's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (24%), ZION's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ZION's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

10.8yrs

Average management tenure


CEO

Harris Simmons (67 yo)

32.33yrs

Tenure

US$4,656,113

Compensation

Mr. Harris Henry Simmons has been the Chief Executive Officer of Zions Bancorporation, National Association (formerly known as ZB, National Association) (formerly Zions First National Bank), a subsidiary o...


CEO Compensation Analysis

Compensation vs Market: Harris's total compensation ($USD4.66M) is below average for companies of similar size in the US market ($USD8.23M).

Compensation vs Earnings: Harris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ZION's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: ZION's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ZION insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zions Bancorporation, National Association's employee growth, exchange listings and data sources


Key Information

  • Name: Zions Bancorporation, National Association
  • Ticker: ZION
  • Exchange: NasdaqGS
  • Founded: 1873
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$8.104b
  • Shares outstanding: 151.36m
  • Website: https://www.zionsbancorporation.com

Number of Employees


Location

  • Zions Bancorporation, National Association
  • One South Main Street
  • Salt Lake City
  • Utah
  • 84133-1109
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.