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

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.43 per share by the bank on Thursday, February 20th. This represents a $1.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, February 13th.

Zions Bancorporation, National Association has increased its dividend payment by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 12 years. Zions Bancorporation, National Association has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.5 %

Shares of ZION stock traded up $0.82 during trading hours on Tuesday, reaching $57.07. 1,327,889 shares of the stock traded hands, compared to its average volume of 1,234,395. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.43 billion, a PE ratio of 11.53, a PEG ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a 1-year low of $38.01 and a 1-year high of $63.22. The business has a fifty day moving average price of $56.82 and a 200 day moving average price of $52.61.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 5.23 EPS for the current year.

Insiders Place Their Bets

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,496 shares of company stock valued at $873,762 in the last three months. Company insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research reports. Evercore ISI upped their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wedbush upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on shares of 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. Finally, Barclays lifted their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.71.

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.