Zenith Bank Soars to N2.9Trn, Investors Eye Earning, Dividend
Zenith Bank Plc expanded to about N2.9 trillion in the stock market due to sharp price appreciation that followed its all-week rally. The bank share price reached its all-time high in the equities market, closing at N69.7 after 55.149 million units valued at N3.771 billion exchanged hands on Friday.
Zenith Bank’s shares opened at N57.50 at the beginning of the trading session last week, at the point when its year-to-date return was 26.50%, versus N68 target price set by Anchoria Securities Limited.
The all-week rally pushed the market value of Zenith Bank Plc’s 41.069 billion shares outstanding to N2.862 trillion, according to data obtained from the Nigerian Exchange.
In its second half of the year outlook, Zedcrest Wealth Limited set N66.31 as the price target for Zenith Bank Plc. Meanwhile, Cowry Asset Limited put the bank target price at N100.40, reflecting its estimated upside of 44%.
“we expect Zenith Bank to sustain this positive trajectory, with full-year gross earnings projected to increase by approximately 43% year-on-year to N5.68 trillion in 2025”, Zedcrest said in its outlook on the banking sector.
The firm stated that Zenith Bank’s interest income is forecasted to grow by 31% to N3.56 trillion, supported by continued optimization of high-yield assets and ongoing asset repricing. The bank’s net interest income is expected to rise by 51% to N1.62 trillion, reflecting the bank’s focus on credit quality and disciplined provisioning.
Profitability is set to strengthen significantly, with profit before tax (PBT) anticipated to increase by 10% year-on-year to N1.49 trillion, while profit after tax (PAT) is projected to reach N1.28 trillion, marking a 24% increase.
The majority of investment banking firms maintain a buy rating for Zenith Bank amidst expectations of healthy earnings performance for the first half of 2025 and interim dividend payments.
Zenith Bank continues to prioritize cost efficiency and digital innovation, focusing on enhancing customer experience through self-service channels and transaction automation, Zedcrest Limited said in an update. #Zenith Bank Soars to N2.9Trn, Investors Eye Earning, Dividend
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