Zions Bancorporation sets dividends for common and preferred stock

SALT LAKE CITY - Zions Bancorporation, N.A. (NASDAQ: NASDAQ:ZION), a leading financial services company, has declared dividends on its common and preferred stock. According to InvestingPro data, the company has maintained dividend payments for 54 consecutive years and raised them for the past 12 years. The announcement was made by the company’s board of directors today.

Shareholders of Zions Bancorporation can expect a regular quarterly dividend of $0.43 per common share, which is scheduled to be paid on February 20, 2025. The dividend represents a 2.95% yield at current prices, with the record date set for the close of business on February 13, 2025.

In addition to the common stock dividend, the board also declared a regular quarterly cash dividend for the holders of the company’s Series A perpetual preferred shares (NASDAQ: ZIONP; CUSIP: 98973A104). This dividend is due on March 17, 2025, to shareholders who are on record as of March 1, 2025.

Zions Bancorporation, with total assets of approximately $89 billion as of December 31, 2024, generated an annual net revenue of $3.1 billion in 2024. Trading at a P/E ratio of 11.71 and with a market capitalization of $8.58 billion, the company operates with local management teams and under distinct brands across 11 western states including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Recognized for excellence in small- and middle-market banking, as well as public finance advisory services and Small Business Administration lending, Zions has also earned various customer survey awards at both national and state levels.

The bank is part of the S&P MidCap 400 and NASDAQ Financial 100 indices, reflecting its standing in the financial sector. More detailed investor information and links to the bank’s various local brands are available on the Zions Bancorporation website.

This financial update is based on a press release statement from Zions Bancorporation.

In other recent news, Zions Bancorp has seen a flurry of activity from various financial analysts. RBC Capital Markets raised the bank’s price target from $61 to $63 while maintaining a Sector Perform rating, following a solid fourth-quarter earnings report. This report revealed stronger margins and net interest income, and robust capital markets activity. DA Davidson also increased its price target for Zions Bancorp, from $66 to $69, maintaining a Buy rating. This adjustment was influenced by the company’s robust revenue growth and a positive outlook, despite a rise in criticized and classified loans.

Keefe, Bruyette & Woods analyst adjusted the price target for Zions Bancorp shares, raising it from $65 to $70 while maintaining a Market Perform rating. This decision reflects a positive view on the bank’s earnings potential and stock valuation relative to its peers. Stephens analyst increased the price target for Zions Bancorp shares to $64 from $62, while maintaining an Equal Weight rating on the stock. This adjustment follows Zions Bancorp’s recent earnings, which surpassed consensus expectations.

Lastly, Citi analysts adjusted their outlook on Zions Bancorp, increasing the price target from $54 to $63, while retaining a Neutral rating on the stock. The revision reflects the anticipation of a stronger net interest income trend and a better-than-expected expense base, as indicated by the company’s fourth-quarter results of 2024 and the forecast for 2025. These are the recent developments for Zions Bancorp.

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