Zions Bancorporation, National Association (NASDAQ:ZION) Issues Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Zions Bancorporation, National Association (NASDAQ:ZION) released its earnings results on Monday. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.22, Briefing.com reports. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same period in the prior year, the business earned $1.13 earnings per share.

Zions Bancorporation, National Association Trading Down 3.5 %

Shares of NASDAQ:ZION opened at $49.44 on Tuesday. The firm has a fifty day moving average of $47.51 and a two-hundred day moving average of $45.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.32%. Zions Bancorporation, National Association’s dividend payout ratio is presently 39.52%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ZION shares. Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group raised their price objective on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped 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 report on Wednesday, October 9th. Wedbush increased their target price on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Evercore ISI decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.44.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares in the company, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is owned by insiders.

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.