ZION has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of Zions Bancorp from $51.00 to $53.00 and gave the company an outperform rating in a report on Tuesday, October 24th. Wells Fargo & Co reaffirmed an outperform rating and issued a $65.00 price target (up previously from $60.00) on shares of Zions Bancorp in a report on Tuesday, January 23rd. BidaskClub downgraded shares of Zions Bancorp from a buy rating to a hold rating in a report on Saturday, December 16th. Barclays increased their price target on shares of Zions Bancorp from $52.00 to $57.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $44.00 price target on shares of Zions Bancorp in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Zions Bancorp has an average rating of Buy and a consensus target price of $55.22.
Zions Bancorp (ZION) opened at $55.07 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $55.61. The company has a market cap of $10,818.83, a PE ratio of 19.15, a P/E/G ratio of 1.62 and a beta of 1.45.
Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. The firm had revenue of $665.00 million during the quarter, compared to the consensus estimate of $670.55 million. During the same quarter last year, the firm earned $0.60 EPS. research analysts expect that Zions Bancorp will post 3.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a yield of 1.45%. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. Zions Bancorp’s dividend payout ratio (DPR) is presently 30.77%.
In other Zions Bancorp news, EVP Keith D. Maio sold 13,019 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total value of $604,602.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 58,040 shares of company stock valued at $2,806,600. 1.46% of the stock is owned by insiders.
Several large investors have recently modified their holdings of ZION. Crewe Advisors LLC purchased a new position in shares of Zions Bancorp during the fourth quarter worth approximately $102,000. Delpha Capital Management LLC purchased a new position in shares of Zions Bancorp during the fourth quarter worth approximately $107,000. G&S Capital LLC purchased a new position in shares of Zions Bancorp during the fourth quarter worth approximately $115,000. Tower Research Capital LLC TRC increased its position in shares of Zions Bancorp by 1,274.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock worth $140,000 after acquiring an additional 2,562 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Zions Bancorp by 2,081.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock worth $152,000 after acquiring an additional 2,872 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Zions Bancorp 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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