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

Zions Bancorporation, National Association (NASDAQ:ZION) issued its quarterly earnings data on Monday. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21, Briefing.com reports. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same period in the prior year, the firm posted $1.13 EPS.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $49.44 on Tuesday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.91, a PEG ratio of 1.91 and a beta of 1.09. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The stock has a 50-day simple moving average of $47.51 and a two-hundred day simple moving average of $45.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZION. Wedbush boosted their price target on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley raised shares of Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 price target on the stock in a research report on Monday, September 30th. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. Finally, Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.44.

Insider Buying and Selling at Zions Bancorporation, National Association

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

About Zions Bancorporation, National Association

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.