Zions Bancorporation, N.A. (NASDAQ:ZION) Announces Quarterly Dividend of $0.45

Zions Bancorporation, N.A. (NASDAQ:ZION) announced a quarterly dividend on Friday, May 1st. Investors of record on Thursday, May 14th will be paid a dividend of 0.45 per share by the bank on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 14th.

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 annually for the last 12 consecutive years. Zions Bancorporation, N.A. has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, N.A. to earn $6.68 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 26.9%.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock opened at $60.80 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. Zions Bancorporation, N.A. has a twelve month low of $45.52 and a twelve month high of $66.18. The company has a market cap of $8.94 billion, a P/E ratio of 9.46, a P/E/G ratio of 2.08 and a beta of 0.83. The business has a fifty day simple moving average of $58.87 and a 200 day simple moving average of $57.90.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The business had revenue of $859.00 million during the quarter, compared to the consensus estimate of $853.73 million. During the same period in the prior year, the company earned $1.13 EPS. On average, sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ZION shares. Citigroup upped their price objective on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Barclays increased their target price on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a research report on Wednesday, April 22nd. Robert W. Baird increased their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Brean Capital assumed coverage on Zions Bancorporation, N.A. in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.53.

Zions Bancorporation, N.A. Company Profile

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.