Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21, Briefing.com reports. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period last year, the firm earned $1.13 earnings per share.
Zions Bancorporation, National Association Price Performance
NASDAQ ZION opened at $51.89 on Thursday. The firm’s fifty day simple moving average is $47.85 and its two-hundred day simple moving average is $45.38. 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 $7.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09.
Zions Bancorporation, National Association Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.16%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.36%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on ZION
Insider Activity
In related news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction 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 $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.
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