Zions Bancorporation Company Profile (NASDAQ:ZION)

Zions Bancorporation trades on the NASDAQ under the ticker symbol "ZION."

Zions Bancorporation declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.12 per share on Thursday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, August 15th. This is a boost from Zions Bancorporation's previous quarterly dividend of $0.08. View Zions Bancorporation's Dividend History.

Zions Bancorporation declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 29th 2017, which allows the company to repurchase $465,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Zions Bancorporation (NASDAQ:ZION) issued its quarterly earnings results on Tuesday, July, 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.11. The business earned $660 million during the quarter, compared to the consensus estimate of $640.34 million. Zions Bancorporation had a net margin of 21.97% and a return on equity of 8.14%. During the same quarter in the previous year, the business earned $0.44 EPS. View Zions Bancorporation's Earnings History.

Zions Bancorporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Zions Bancorporation.

21 analysts have issued 1-year target prices for Zions Bancorporation's stock. Their predictions range from $38.00 to $56.00. On average, they anticipate Zions Bancorporation's share price to reach $46.84 in the next year. View Analyst Ratings for Zions Bancorporation.

Here are some recent quotes from research analysts about Zions Bancorporation stock:

• 1. According to Zacks Investment Research, "Zions’ shares have outperformed the industry over the past year. The performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all trailing four quarters. The company has been witnessing consistent growth in loans and deposits along with easing margin pressure, indicating possibility of further improvement in revenues. Also, Zions’ initiatives to control expenses have been successful and are expected to aid bottom-line growth. However, the company’s higher exposure toward risky loan portfolios is expected to hamper its financials. Also, concentration risk remains a matter of concern for the company, going forward." (10/5/2017)
• 2. FIG Partners analysts commented, "Following release of the company's 4Q-16 results, we are maintaining our rating on ZION-Zions Bancorp at 'Outperform' and lowering our Price Target to $49.00 (from $51.00), as well as adjusting our EPS estimates to $0.52 for 1Q-17 (unchanged), $2.33 for 2017 (form $2.38) and $2.81 for 2018 (from $2.94). Our Price Target is equivalent to 21x forward EPS ($2.33) and 161% of tangible book value ($30.39)." (1/24/2017)
• 3. Jefferies Group LLC analysts commented, "NII and credit beat in 4Q, but expenses and fees missed. The outlook for '17 was favorable for credit (improving energy NCOs), but unfavorable for expenses, with tech. spend a continued headwind. Full appreciation of higher shares (warrants related) likely pressures some Street ests. lower. We increased our '17 EPS est. by $0.05 to $2.45 and held '18 at $2.85." (1/24/2017)

Some companies that are related to Zions Bancorporation include Citizens Financial Group (CFG), FIRST REPUBLIC BANK (FRC), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Pinnacle Financial Partners (PNFP), F.N.B. Corporation (FNB), Home BancShares (HOMB), Prosperity Bancshares (PB), IBERIABANK Corporation (IBKC), First Hawaiian (FHB), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), MB Financial (MBFI), Chemical Financial Corporation (CHFC), UMB Financial Corporation (UMBF), Associated Banc-Corp (ASB) and Bank of Hawaii Corporation (BOH).

Zions Bancorporation's management team includes the folowing people:

• Harris Henry Simmons, Chairman of the Board, Chief Executive Officer
• Scott J. McLean, President, Chief Operating Officer, Executive Vice President
• Paul E. Burdiss, Chief Financial Officer, Executive Vice President
• Dianne R. James, Chief Human Resource Officer, Executive Vice President
• Jennifer Smith, Executive Vice President, Chief Information Officer
• Edward P. Schreiber, Executive Vice President, Chief Risk Officer
• Thomas E. Laursen, Executive Vice President, General Counsel, Secretary
• Bruce K. Alexander, Executive Vice President; Chairman, President and Chief Executive Officer of Vectra Bank Colorado
• Aldon Scott Anderson, Executive Vice President; President, Chief Executive Officer of Zions First National Bank
• David E. Blackford, Executive Vice President; Chairman, President, Chief Executive Officer of California Bank & Trust

Shares of Zions Bancorporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Zions Bancorporation stock can currently be purchased for approximately $46.79.