Zions Bancorporation Plans Quarterly Dividend of $0.04 (ZION)
Zions Bancorporation (NASDAQ:ZION) declared a quarterly dividend on Tuesday, January 28th, AnalystRatings.NET reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.04 per share on Thursday, February 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, February 18th.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Zions Bancorporation from $32.00 to $33.00 in a research note to investors on Tuesday. On a related note, analysts at Sanford C. Bernstein raised their price target on shares of Zions Bancorporation from $22.00 to $24.00 in a research note to investors on Tuesday. Finally, analysts at Credit Suisse cut their price target on shares of Zions Bancorporation from $34.00 to $33.00 in a research note to investors on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.64.
Shares of Zions Bancorporation (NASDAQ:ZION) traded down 0.57% during mid-day trading on Tuesday, hitting $29.76. 3,579,035 shares of the company’s stock traded hands. Zions Bancorporation has a 52 week low of $22.62 and a 52 week high of $32.29. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $29.07. The company has a market cap of $5.494 billion and a P/E ratio of 14.25.
Zions Bancorporation (NASDAQ:ZION) last released its earnings data on Monday, January 27th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. During the same quarter last year, the company posted $0.19 earnings per share. On average, analysts predict that Zions Bancorporation will post $1.87 earnings per share for the current fiscal year.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by continuously strengthening its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.
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