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Shares of Zions Bancorporation (NASDAQ:ZION) were the recipient of some unusual options trading activity on Monday. Investors purchased 6,728 put options on the company, AR Network reports. This is an increase of approximately 1,728% compared to the average volume of 368 put options.

ZION has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. set a $33.00 price target on shares of Zions Bancorporation in a research note on Wednesday, July 9th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Zions Bancorporation in a research note on Friday, June 6th. They now have a $31.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Zions Bancorporation in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.55.

Shares of Zions Bancorporation (NASDAQ:ZION) traded down 0.57% during mid-day trading on Monday, hitting $29.53. The stock had a trading volume of 1,484,175 shares. Zions Bancorporation has a one year low of $26.79 and a one year high of $33.33. The stock has a 50-day moving average of $29.43 and a 200-day moving average of $29.8. The company has a market cap of $5.460 billion and a price-to-earnings ratio of 19.66.

Zions Bancorporation (NASDAQ:ZION) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last year, the company posted $0.48 earnings per share. Analysts expect that Zions Bancorporation will post $1.78 EPS for the current fiscal year.

Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.

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