NYSE:ZB.PRG

Stock Analysis Report

Zions Bancorporation National Association

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Zions Bancorporation National Association's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

ZB.PRG

2.7%

US Banks

0.4%

US Market


1 Year Return

4.9%

ZB.PRG

2.7%

US Banks

6.9%

US Market

Return vs Industry: ZB.PRG exceeded the US Banks industry which returned 2.7% over the past year.

Return vs Market: ZB.PRG underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

ZB.PRGIndustryMarket
7 Day1.4%2.7%0.4%
30 Day-2.8%0.2%-1.2%
90 Day1.4%2.9%-0.4%
1 Year11.2%4.9%5.7%2.7%9.3%6.9%
3 Year3.4%-13.0%52.1%41.6%45.8%36.4%
5 Year44.7%8.2%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

How volatile is Zions Bancorporation National Association's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

23.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ZB.PRG ($27.68) is trading below our estimate of fair value ($36.3)

Significantly Undervalued: ZB.PRG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ZB.PRG is good value based on its PE Ratio (10.1x) compared to the Banks industry average (12.6x).

PE vs Market: ZB.PRG is good value based on its PE Ratio (10.1x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: ZB.PRG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ZB.PRG is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Zions Bancorporation National Association forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZB.PRG's earnings are forecast to decline over the next 3 years (-2.3% per year).

Earnings vs Market: ZB.PRG's earnings are forecast to decline over the next 3 years (-2.3% per year).

High Growth Earnings: ZB.PRG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ZB.PRG's revenue (1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ZB.PRG's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ZB.PRG's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

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

27.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ZB.PRG's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: ZB.PRG's earnings growth over the past year (21%) is below its 5-year average (27.8% per year).

Earnings vs Industry: ZB.PRG earnings growth over the past year (21%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: ZB.PRG's Return on Equity (11.3%) is considered low.


Return on Assets

ROA vs Industry: ZB.PRG has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ZB.PRG's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ZB.PRG has a low level of unsold assets or inventory.

Debt Coverage by Assets: ZB.PRG's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: ZB.PRG's level of assets compared to its equity is low.

Allowance for Bad Loans: ZB.PRG has a sufficient allowance for bad loans.

Low Risk Liabilities: ZB.PRG's liabilities are made up of primarily low risk sources of funding.

Loan Level: ZB.PRG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ZB.PRG's loans are broadly funded by customer deposits.

Level of Bad Loans: ZB.PRG has an appropriate level of bad loans (0.51%)


Next Steps

Dividend

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

3.04%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ZB.PRG's dividend (3.04%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ZB.PRG's dividend (3.04%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: ZB.PRG's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.2%), ZB.PRG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ZB.PRG's dividends in 3 years are forecast to be well covered by earnings (39.5% payout ratio).


Next Steps

Management

What is the CEO of Zions Bancorporation National Association's salary, the management and board of directors tenure and is there insider trading?

11.8yrs

Average management tenure


CEO

Harris Simmons (65yo)

29.8yrs

Tenure

US$4,363,039

Compensation

Mr. Harris Henry Simmons has been the Chief Executive Officer of Zions Bancorporation since 1990 and served as its President. Mr. Simmons served as the Principal Executive Officer of Zions Financial Corp.  ...


CEO Compensation Analysis

Compensation vs. Market: Harris's total compensation ($USD4.36M) is about average for companies of similar size in the US market ($USD6.81M).

Compensation vs Earnings: Harris's compensation has increased by more than 20% in the past year.


Management Age and Tenure

11.8yrs

Average Tenure

62yo

Average Age

Experienced Management: ZB.PRG's management team is seasoned and experienced (11.8 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

64yo

Average Age

Experienced Board: ZB.PRG's board of directors are considered experienced (4.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Harris Simmons (65yo)

    Chairman & CEO

    • Tenure: 29.8yrs
    • Compensation: US$4.36m
  • Scott Anderson (72yo)

    Executive Vice President

    • Tenure: 19.8yrs
    • Compensation: US$1.57m
  • David Blackford (70yo)

    Executive Vice President

    • Tenure: 18.8yrs
    • Compensation: US$1.72m
  • Scott McLean (62yo)

    President

    • Tenure: 1.1yrs
    • Compensation: US$2.40m
  • Ed Schreiber (60yo)

    Executive VP & Chief Risk Officer

    • Tenure: 6.5yrs
    • Compensation: US$1.71m
  • Thomas Laursen (67yo)

    Executive VP

    • Tenure: 15.8yrs
  • Paul Burdiss (53yo)

    Executive VP & CFO

    • Tenure: 4.4yrs
    • Compensation: US$2.02m
  • James Abbott (46yo)

    Senior VP of Investor Relations & External Communications

    • Tenure: 10.8yrs
  • Jennifer Smith (46yo)

    Executive VP & Chief Information Officer

    • Tenure: 3.9yrs
  • Alvin Lee

    Senior VP & Director of Corporate Development

    • Tenure: 12.8yrs

Board Members

  • Gary Crittenden (66yo)

    Director

    • Tenure: 3.2yrs
    • Compensation: US$188.88k
  • Jerry Atkin (70yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$185.88k
  • Harris Simmons (65yo)

    Chairman & CEO

    • Tenure: 29.8yrs
    • Compensation: US$4.36m
  • David Heaney (70yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$204.63k
  • Stephen Quinn (63yo)

    Lead Director

    • Tenure: 2.8yrs
    • Compensation: US$206.38k
  • Barbara Yastine (60yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$166.13k
  • Ed Murphy (66yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$202.38k
  • Scott McLean (62yo)

    President

    • Tenure: 1.1yrs
    • Compensation: US$2.40m
  • Suren Gupta (58yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$170.76k
  • Vivian Lee (52yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$170.26k

Company Information

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


Key Information

  • Name: Zions Bancorporation, National Association
  • Ticker: ZB.PRG
  • Exchange: NYSE
  • Founded: 1873
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$7.914b
  • Shares outstanding: 176.96m
  • Website: https://www.zionsbancorporation.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZIONNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1969
ZB1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
0M3LLSE (London Stock Exchange)YesCommon StockGBUSDJan 1969
ZB.PRANYSE (New York Stock Exchange)PFD 1/40 SER AUSUSDDec 2006
ZB.PRGNYSE (New York Stock Exchange)DEP 1/40TH PFDUSUSDFeb 2013
ZB.PRHNYSE (New York Stock Exchange)PFD 1/40 PRP HUSUSDMay 2013

Biography

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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:17
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.