Zions Bancorporation, N.A. (ZION) To Go Ex-Dividend on November 12th

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, October 30th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.48 per share by the bank on Thursday, November 19th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, November 12th.

Zions Bancorporation, N.A. has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Zions Bancorporation, N.A. to earn $6.85 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 28.0%.

Zions Bancorporation, N.A. Trading Up 2.3%

NASDAQ:ZION opened at $66.25 on Tuesday. The firm has a fifty day simple moving average of $65.09 and a two-hundred day simple moving average of $63.99. Zions Bancorporation, N.A. has a 12 month low of $48.50 and a 12 month high of $73.34. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.04 and a beta of 0.85.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 19th. The bank reported $1.78 EPS for the quarter, beating the consensus estimate of $1.64 by $0.14. The firm had revenue of $887.00 million during the quarter, compared to analyst estimates of $889.52 million. Zions Bancorporation, N.A. had a net margin of 24.81% and a return on equity of 13.77%. During the same quarter last year, the business posted $1.48 EPS. Analysts expect that Zions Bancorporation, N.A. will post 6.70 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZION. Cantor Fitzgerald cut their price objective on shares of Zions Bancorporation, N.A. from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Zions Bancorporation, N.A. in a research report on Thursday, October 29th. Piper Sandler boosted their target price on shares of Zions Bancorporation, N.A. from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. UBS Group initiated coverage on shares of Zions Bancorporation, N.A. in a research report on Monday, September 14th. They issued a “buy” rating and a $78.00 target price on the stock. Finally, Citigroup lowered their price target on shares of Zions Bancorporation, N.A. from $73.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and an average target price of $73.44.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a national bank providing commercial and retail banking services to individuals, businesses, and institutions. Its offerings include business and consumer lending, deposit accounts, treasury management, and related banking services.

The bank serves customers across 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through regional banking brands, including Zions Bank, Amegy Bank, California Bank & Trust, and National Bank of Arizona.

The institution traces its history to 1873, when Zion’s Savings Bank and Trust Company was established in Salt Lake City.