Zions Bancorporation, National Association (NASDAQ:ZION) Declares Quarterly Dividend of $0.43

Zions Bancorporation, National Association (NASDAQ:ZION) announced 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 dividend on an annualized basis and a yield of 2.97%.

Zions Bancorporation, National Association has raised its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Zions Bancorporation, National Association to earn $5.42 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 31.7%.

Zions Bancorporation, National Association Stock Down 0.7 %

Shares of Zions Bancorporation, National Association stock traded down $0.43 during midday trading on Friday, reaching $57.86. 1,023,493 shares of the company’s stock traded hands, compared to its average volume of 1,251,045. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.12. The company’s 50 day simple moving average is $57.07 and its 200 day simple moving average is $52.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 5.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ZION shares. Morgan Stanley raised their price target on shares of 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. Robert W. Baird raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. DA Davidson raised their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Compass Point raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.71.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction that occurred 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 $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,496 shares of company stock worth $873,762 over the last ninety days. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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.