Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21, Briefing.com reports. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same period in the prior year, the business earned $1.13 EPS.
Zions Bancorporation, National Association Stock Up 6.2 %
NASDAQ ZION opened at $52.51 on Wednesday. The stock has a fifty day moving average of $47.72 and a 200-day moving average of $45.33. The stock has a market capitalization of $7.75 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.12%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on ZION
Insider Activity
In related news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,073 shares of company stock valued at $3,476,298. Company insiders own 2.22% of the company’s stock.
Zions Bancorporation, National Association Company Profile
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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