Zions Bancorporation, National Association (NASDAQ:ZION) Posts Earnings Results

Zions Bancorporation, National Association (NASDAQ:ZION) announced its earnings results on Monday. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18, Briefing.com reports. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same period in the prior year, the company posted $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% on a year-over-year basis.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $0.50 on Monday, hitting $49.48. The company’s stock had a trading volume of 2,521,816 shares, compared to its average volume of 2,376,197. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $51.24. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 4.99 and a beta of 1.11. The stock’s 50-day moving average is $43.51 and its two-hundred day moving average is $42.18. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.31%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZION has been the subject of a number of research analyst reports. Evercore ISI boosted their price target on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. UBS Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Truist Financial reiterated a “hold” rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.88.

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.