Zions Bancorporation, National Association (NASDAQ:ZION) Raises Dividend to $0.43 Per Share

Zions Bancorporation, National Association (NASDAQ:ZION) declared a quarterly dividend on Friday, November 1st,RTT News reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.43 per share by the bank on Thursday, November 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41.

Zions Bancorporation, National Association has raised its dividend by an average of 6.4% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Zions Bancorporation, National Association has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Zions Bancorporation, National Association to earn $4.88 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 35.2%.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $60.06 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 5.18 and a beta of 1.07. The business has a 50-day simple moving average of $49.41 and a two-hundred day simple moving average of $46.61. Zions Bancorporation, National Association has a fifty-two week low of $32.24 and a fifty-two week high of $61.08.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, analysts expect that Zions Bancorporation, National Association will post 4.82 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZION shares. Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. cut their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Compass Point lifted their price objective on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wedbush increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.12.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.22% of the company’s stock.

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.