Zions Bancorporation, N.A. (NASDAQ:ZION) Shares Set to Pay Quarterly Dividend of $0.48

Zions Bancorporation, N.A. (NASDAQ:ZION) announced 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, November 12th.

Zions Bancorporation, N.A. has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a dividend 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. Price Performance

Shares of NASDAQ ZION opened at $66.25 on Tuesday. The stock has a market cap of $9.67 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.04 and a beta of 0.85. The stock has a 50 day moving average of $65.09 and a two-hundred day moving average of $63.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. Zions Bancorporation, N.A. has a twelve month low of $48.50 and a twelve month high of $73.34.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.14. Zions Bancorporation, N.A. had a return on equity of 13.77% and a net margin of 24.81%. The business had revenue of $887.00 million for the quarter, compared to analyst estimates of $889.52 million. During the same quarter in the previous year, the company posted $1.48 earnings per share. On average, research analysts forecast that Zions Bancorporation, N.A. will post 6.70 earnings per share for the current year.

Institutional Trading of Zions Bancorporation, N.A.

Large investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC lifted its holdings in Zions Bancorporation, N.A. by 528.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 415 shares of the bank’s stock valued at $29,000 after purchasing an additional 349 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $27,000. Trust Co. of Vermont purchased a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth about $35,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the third quarter worth about $32,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth about $45,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.