Zions Bancorporation, National Association to Issue Quarterly Dividend of $0.43 (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Thursday, February 13th will be given a dividend of 0.43 per share by the bank on Thursday, February 20th. This represents a $1.72 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, February 13th.

Zions Bancorporation, National Association has increased its dividend payment by an average of 4.9% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Zions Bancorporation, National Association has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, National Association to earn $5.52 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.2%.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $56.03 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a twelve month low of $38.01 and a twelve month high of $63.22. The firm has a market cap of $8.28 billion, a P/E ratio of 11.32, a PEG ratio of 1.74 and a beta of 1.11. The firm’s 50 day moving average price is $56.57 and its two-hundred day moving average price is $52.78.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts forecast that Zions Bancorporation, National Association will post 5.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ZION. Wells Fargo & Company upped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, January 22nd. Stephens increased their target price on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.71.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.