Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) issued its quarterly earnings results on Monday. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21, Briefing.com reports. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the prior year, the business posted $1.13 earnings per share.
Zions Bancorporation, National Association Price Performance
Shares of ZION opened at $51.89 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $47.85 and its 200-day simple moving average is $45.38. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.93 and a beta of 1.09. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32.
Zions Bancorporation, National Association Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.36%.
Insider Buying and Selling
Analysts Set New Price Targets
ZION has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Robert W. Baird raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. Stephens increased their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.82.
Get Our Latest Stock Report on Zions Bancorporation, National Association
Zions Bancorporation, National Association Company Profile
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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