Zions Bancorporation, N.A. (ZION) to Issue Quarterly Dividend of $0.45 on February 19th

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.45 per share by the bank on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Zions Bancorporation, N.A. has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Zions Bancorporation, N.A. to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 31.9%.

Zions Bancorporation, N.A. Trading Up 0.5%

NASDAQ ZION traded up $0.30 during trading hours on Tuesday, hitting $65.46. 88,824 shares of the company’s stock were exchanged, compared to its average volume of 1,878,050. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 10.90 and a beta of 0.85. The stock has a 50-day simple moving average of $59.49 and a 200 day simple moving average of $56.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $66.18.

Insider Transactions at Zions Bancorporation, N.A.

In other news, EVP Derek Steward sold 769 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $60.46, for a total value of $46,493.74. Following the completion of the sale, the executive vice president owned 14,307 shares in the company, valued at $865,001.22. This represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Dan Stephens sold 15,476 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the completion of the sale, the executive vice president directly owned 41,127 shares of the company’s stock, valued at $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 53,302 shares of company stock worth $3,356,517. 1.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB grew its position in Zions Bancorporation, N.A. by 15.0% in the second quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock worth $13,349,000 after acquiring an additional 33,449 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Zions Bancorporation, N.A. by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock worth $115,483,000 after purchasing an additional 122,815 shares in the last quarter. LSV Asset Management increased its position in shares of Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after purchasing an additional 169,085 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Zions Bancorporation, N.A. in the second quarter worth approximately $452,000. Finally, Bailard Inc. bought a new position in Zions Bancorporation, N.A. during the third quarter valued at approximately $487,000. Institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.