Zions Bancorporation, N.A. (NASDAQ:ZION – Get Free Report) posted its earnings results on Monday. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.17, FiscalAI reports. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $877.44 million.
Zions Bancorporation, N.A. Price Performance
Shares of Zions Bancorporation, N.A. stock traded down $0.38 during trading on Monday, hitting $71.89. The stock had a trading volume of 2,670,668 shares, compared to its average volume of 1,724,667. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. Zions Bancorporation, N.A. has a 12 month low of $46.19 and a 12 month high of $73.34. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.73 and a beta of 0.80. The business’s 50-day moving average is $65.74 and its 200 day moving average is $61.82.
Zions Bancorporation, N.A. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 27.99%.
Analyst Ratings Changes
Read Our Latest Report on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. declared that its board has approved a share repurchase plan on Saturday, May 2nd that permits the company to buyback $225.00 million in shares. This buyback authorization permits the bank to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Insider Transactions at Zions Bancorporation, N.A.
In related news, EVP Jennifer Anne Smith sold 4,209 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $62.50, for a total transaction of $263,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.43% of the company’s stock.
Institutional Investors Weigh In On Zions Bancorporation, N.A.
A number of institutional investors and hedge funds have recently bought and sold shares of ZION. C M Bidwell & Associates Ltd. raised its holdings in Zions Bancorporation, N.A. by 13.5% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock valued at $91,000 after buying an additional 185 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Zions Bancorporation, N.A. by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 48,719 shares of the bank’s stock worth $2,757,000 after buying an additional 280 shares during the period. Lazard Asset Management LLC boosted its stake in Zions Bancorporation, N.A. by 1.0% during the second quarter. Lazard Asset Management LLC now owns 28,644 shares of the bank’s stock worth $1,487,000 after buying an additional 282 shares during the period. Vise Technologies Inc. increased its position in Zions Bancorporation, N.A. by 4.1% during the fourth quarter. Vise Technologies Inc. now owns 7,583 shares of the bank’s stock valued at $444,000 after acquiring an additional 301 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Zions Bancorporation, N.A. by 18.2% during the fourth quarter. UMB Bank n.a. now owns 2,057 shares of the bank’s stock valued at $120,000 after acquiring an additional 316 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.
About Zions Bancorporation, N.A.
Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.
The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.
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