Zions Bancorporation (ZION) To Go Ex-Dividend on November 14th
Zions Bancorporation (NASDAQ:ZION) announced a quarterly dividend on Friday, October 27th, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.16 per share by the bank on Wednesday, November 22nd. This represents a $0.64 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Zions Bancorporation’s previous quarterly dividend of $0.12.
Shares of Zions Bancorporation (ZION) opened at $43.93 on Monday. The company has a market cap of $8,774.75, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.70 and a beta of 1.48. Zions Bancorporation has a fifty-two week low of $35.96 and a fifty-two week high of $48.33. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05.
Zions Bancorporation (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $666.83 million. Zions Bancorporation had a net margin of 22.70% and a return on equity of 8.54%. During the same period last year, the company earned $0.57 earnings per share. equities research analysts anticipate that Zions Bancorporation will post 2.8 EPS for the current year.
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A number of equities research analysts have recently issued reports on ZION shares. Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price target on shares of Zions Bancorporation in a report on Thursday, October 12th. Robert W. Baird downgraded shares of Zions Bancorporation from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $48.00 price target on shares of Zions Bancorporation in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Zions Bancorporation from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $49.00 price target (up from $48.00) on shares of Zions Bancorporation in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $48.50.
In other Zions Bancorporation news, insider Dianne R. James sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the transaction, the insider now directly owns 19,866 shares in the company, valued at $905,889.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dianne R. James sold 1,585 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $45.22, for a total transaction of $71,673.70. Following the transaction, the insider now owns 21,866 shares in the company, valued at $988,780.52. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.
Zions Bancorporation Company Profile
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
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