Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18, Briefing.com reports. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter in the prior year, the company posted $1.11 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis.
Zions Bancorporation, National Association Stock Up 1.0 %
NASDAQ:ZION traded up $0.50 during midday trading on Monday, hitting $49.48. 2,409,495 shares of the company were exchanged, compared to its average volume of 2,375,388. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $51.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $7.31 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 4.99 and a beta of 1.11. The company has a fifty day simple moving average of $43.51 and a 200 day simple moving average of $42.18.
Zions Bancorporation, National Association Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.31%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.
Insiders Place Their Bets
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Truist Financial reaffirmed a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average price target of $43.88.
View Our Latest Research Report on Zions Bancorporation, National Association
About Zions Bancorporation, National Association
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.
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