Zions Bancorporation, N.A. (ZION) To Go Ex-Dividend on February 12th

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, January 30th. Shareholders of record on Thursday, February 12th will be given a dividend of 0.45 per share by the bank on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th.

Zions Bancorporation, N.A. has increased its dividend payment by an average of 0.1%annually over the last three years and has raised 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. 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 traded down $0.30 during midday trading on Tuesday, reaching $64.86. The company’s stock had a trading volume of 470,586 shares, compared to its average volume of 1,886,760. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $66.18. The company has a market capitalization of $9.58 billion, a P/E ratio of 10.81 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day simple moving average is $59.49 and its 200-day simple moving average is $56.08.

Insider Activity at Zions Bancorporation, N.A.

In related news, VP Eric Ellingsen sold 1,519 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president directly owned 40,361 shares in the company, valued at $2,472,918.47. This trade represents a 3.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Derek Steward sold 769 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $60.46, for a total transaction of $46,493.74. Following the transaction, the executive vice president owned 14,307 shares of the company’s stock, valued at approximately $865,001.22. This represents a 5.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,302 shares of company stock worth $3,356,517. 1.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several large investors have recently modified their holdings of ZION. Traub Capital Management LLC bought a new stake in Zions Bancorporation, N.A. during the 2nd quarter worth approximately $31,000. Torren Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth $32,000. Leonteq Securities AG bought a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth $32,000. Assetmark Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after acquiring an additional 289 shares during the period. Finally, Community Bank N.A. bought a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at $36,000. 76.84% of the stock is currently owned by institutional investors.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.