Zions Bancorporation (NASDAQ:ZION) Given Price Target Of $30.842


As per Zions Bancorporation (NASDAQ:ZION)’s news release on 2016-07-22, its shareholders will get cash dividend of $0.08 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-18 and 2016-08-25, respectively.

The stock will commence trading ex-dividend from 2016-08-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Zions Bancorporation (NASDAQ:ZION) disbursed $0.08 in dividend compared to distribution of $0.08, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 37.5%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Zions Bancorporation (NASDAQ:ZION) to attain a price target of $30.842. It is an average estimate figure given by 19 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $36. The low price range is set at $24 for next year while the arithmetic mean is seen at 1.92.

Eyeing Earnings Zions Bancorporation (NASDAQ:ZION) is likely to post quarterly numbers around 2016-10-17 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.5 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Zions Bancorporation (NASDAQ:ZION) earnings came at $0.44 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.42 for the quarter.

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