Zions Bancorporation, National Association (ZION) To Go Ex-Dividend on May 15th

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) declared a quarterly dividend on Friday, April 26th, RTT News reports. Stockholders 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 dividend yield of 3.70%. The ex-dividend date is Wednesday, May 15th.

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 35.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, National Association to earn $4.61 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 35.6%.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $44.32 on Monday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 11.14 and a beta of 1.13. Zions Bancorporation, National Association has a 12-month low of $21.96 and a 12-month high of $46.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50-day moving average is $41.64 and its two-hundred day moving average is $40.12.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same quarter last year, the firm posted $1.33 earnings per share. Equities analysts predict that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ZION. Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Wedbush dropped their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Morgan Stanley lifted their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Truist Financial reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $43.16.

Check Out Our Latest Report on ZION

Insider Activity

In related news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last three months, insiders sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Company Profile

(Get Free Report)

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.

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

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