Zions Bancorporation, National Association (ZION) to Issue Quarterly Dividend of $0.43 on February 20th

Zions Bancorporation, National Association (NASDAQ:ZION) declared a quarterly dividend on Friday, January 31st,RTT News reports. Shareholders 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 is Thursday, February 13th.

Zions Bancorporation, National Association has increased its dividend by an average of 4.9% annually 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 2.1 %

ZION stock opened at $56.03 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.74 and a beta of 1.11. The business’s fifty day moving average price is $56.57 and its two-hundred day moving average price is $52.78. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22.

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, January 7th. Barclays upped their price target on 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. Morgan Stanley increased their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Stephens raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price of $60.71.

Insiders Place Their Bets

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm’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 sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.22% of the stock is currently owned by insiders.

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.