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

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 2.97%.

Zions Bancorporation, National Association has increased its dividend by an average of 4.9% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Zions Bancorporation, National Association has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

ZION stock opened at $57.86 on Friday. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50-day simple moving average of $57.01 and a two-hundred day simple moving average of $52.47.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZION shares. Morgan Stanley raised their price objective 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. Keefe, Bruyette & Woods boosted their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. UBS Group assumed coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective for the company. Stephens boosted their target price on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.71.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jennifer Anne Smith sold 3,605 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at $1,434,894.84. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,496 shares of company stock worth $873,762. 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.