Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.
Zions Bancorporation, National Association Stock Performance
Shares of Zions Bancorporation, National Association stock traded up $0.77 during trading on Thursday, hitting $57.16. 10,586 shares of the company's stock traded hands, compared to its average volume of 1,351,127. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70. Zions Bancorporation, National Association has a 1 year low of $47.92 and a 1 year high of $75.44. The stock has a market capitalization of $8.60 billion, a P/E ratio of 10.54, a PEG ratio of 2.36 and a beta of 1.26. The business has a 50-day simple moving average of $52.85 and a 200-day simple moving average of $60.06.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) last announced its earnings results on Tuesday, July 26th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.06). Zions Bancorporation, National Association had a return on equity of 13.53% and a net margin of 29.21%. During the same period in the previous year, the firm earned $2.08 earnings per share. As a group, analysts forecast that Zions Bancorporation, National Association will post 5.9 EPS for the current year.
Zions Bancorporation, National Association Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 18th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.64 annualized dividend and a dividend yield of 2.87%. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.38. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 28.41%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Zions Bancorporation, National Association from $69.00 to $63.00 in a report on Monday, July 11th. The Goldman Sachs Group lowered their price objective on shares of Zions Bancorporation, National Association from $75.00 to $61.50 and set a "neutral" rating for the company in a research note on Tuesday, May 31st. Robert W. Baird upgraded shares of Zions Bancorporation, National Association from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $49.00 to $60.00 in a research note on Monday, April 18th. B. Riley lowered their price objective on shares of Zions Bancorporation, National Association from $60.00 to $55.00 in a research note on Wednesday, July 27th. Finally, Barclays lowered their price objective on shares of Zions Bancorporation, National Association from $81.00 to $71.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.42.
Insider Transactions at Zions Bancorporation, National Association
In related news, EVP Scott A. Law sold 713 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $54.16, for a total transaction of $38,616.08. Following the sale, the executive vice president now owns 19,424 shares of the company's stock, valued at approximately $1,052,003.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.81% of the company's stock.