Zions Bancorporation, National Association (NASDAQ:ZION) Plans $0.41 Quarterly Dividend

Zions Bancorporation, National Association (NASDAQ:ZION) announced a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Thursday, May 16th will be given a dividend of 0.41 per share by the bank on Thursday, May 23rd. This represents a $1.64 annualized dividend and a yield of 3.93%.

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 dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, National Association to earn $4.62 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 35.5%.

Zions Bancorporation, National Association Stock Up 1.2 %

ZION stock opened at $41.76 on Friday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 10.49 and a beta of 1.13. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $40.88 and a 200-day moving average price of $39.35. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.36 EPS for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In related news, VP A Scott Anderson sold 832 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the completion of the transaction, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP A Scott Anderson sold 832 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,929 shares of company stock valued at $563,778. 2.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens increased their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. UBS Group reduced their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday. Compass Point reiterated a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Finally, Royal Bank of Canada upped their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $43.16.

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.