Zions Bancorporation, N.A. Declares Quarterly Dividend of $0.45 (NASDAQ:ZION)

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, October 31st. Shareholders of record on Thursday, November 13th will be given a dividend of 0.45 per share by the bank on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, November 13th.

Zions Bancorporation, N.A. has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Zions Bancorporation, N.A. has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, N.A. to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 31.9%.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION opened at $52.61 on Tuesday. The business has a fifty day moving average price of $54.94 and a two-hundred day moving average price of $52.58. The stock has a market capitalization of $7.77 billion, a PE ratio of 9.43, a P/E/G ratio of 0.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The company had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%. As a group, equities analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the transaction, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of institutional investors and hedge funds have recently bought and sold shares of ZION. Compound Planning Inc. raised its position in Zions Bancorporation, N.A. by 18.5% in the third quarter. Compound Planning Inc. now owns 5,898 shares of the bank’s stock valued at $334,000 after purchasing an additional 919 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Zions Bancorporation, N.A. in the third quarter valued at approximately $934,000. Syon Capital LLC raised its holdings in Zions Bancorporation, N.A. by 58.0% in the 3rd quarter. Syon Capital LLC now owns 9,598 shares of the bank’s stock valued at $543,000 after buying an additional 3,525 shares during the last quarter. Rothschild Investment LLC boosted its position in Zions Bancorporation, N.A. by 781.0% during the 3rd quarter. Rothschild Investment LLC now owns 2,784 shares of the bank’s stock worth $158,000 after buying an additional 2,468 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Zions Bancorporation, N.A. by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 25,348 shares of the bank’s stock worth $1,434,000 after acquiring an additional 489 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

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.