Zions Bancorporation, National Association (ZION) To Go Ex-Dividend on February 14th

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) declared a quarterly dividend on Friday, February 2nd, RTT News reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.41 per share by the bank on Thursday, February 22nd. This represents a $1.64 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, February 14th.

Zions Bancorporation, National Association has increased its dividend payment by an average of 6.4% per year over the last three years. Zions Bancorporation, National Association has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, National Association to earn $4.52 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 36.3%.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $40.09 on Monday. The stock has a market cap of $5.94 billion, a PE ratio of 9.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $53.15. The firm’s 50-day simple moving average is $42.09 and its two-hundred day simple moving average is $37.35.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same quarter last year, the company posted $1.84 EPS. Analysts anticipate that Zions Bancorporation, National Association will post 4.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Harris H. Simmons bought 3,600 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the acquisition, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP A Scott Anderson sold 832 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harris H. Simmons acquired 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average price of $38.99 per share, with a total value of $140,364.00. Following the acquisition, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 5,970 shares of company stock valued at $253,807 in the last three months. Corporate insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. Norges Bank purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $91,760,000. State Street Corp grew its position in shares of Zions Bancorporation, National Association by 14.9% in the 1st quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after buying an additional 1,069,816 shares during the last quarter. Morgan Stanley grew its position in shares of Zions Bancorporation, National Association by 19.8% in the 3rd quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after buying an additional 745,919 shares during the last quarter. BlackRock Inc. grew its position in shares of Zions Bancorporation, National Association by 5.4% in the 1st quarter. BlackRock Inc. now owns 10,413,388 shares of the bank’s stock worth $311,673,000 after buying an additional 533,520 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Zions Bancorporation, National Association by 1,278.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 495,680 shares of the bank’s stock worth $24,368,000 after buying an additional 459,731 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZION shares. TheStreet upgraded shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Robert W. Baird cut their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Wedbush lowered their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of Zions Bancorporation, National Association in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.79.

Check Out Our Latest Report on ZION

Zions Bancorporation, National Association Company Profile

(Get Free Report)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

Further Reading

Dividend History for Zions Bancorporation, National Association (NASDAQ:ZION)

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