Zions Bancorporation (NASDAQ:ZION)‘s stock had its “hold” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Monday. They presently have a $44.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 1.41% from the company’s current price.

A number of other equities analysts also recently issued reports on ZION. Zacks Investment Research downgraded Zions Bancorporation from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. BMO Capital Markets restated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation in a research report on Wednesday, March 22nd. Compass Point upgraded Zions Bancorporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 29th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective on shares of Zions Bancorporation in a research report on Wednesday, April 5th. Finally, Piper Jaffray Companies lowered their price objective on Zions Bancorporation from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.90.

Analyst Recommendations for Zions Bancorporation (NASDAQ:ZION)

Zions Bancorporation (NASDAQ:ZION) last posted its earnings results on Monday, April 24th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The firm had revenue of $621 million during the quarter, compared to the consensus estimate of $619.90 million. Zions Bancorporation had a return on equity of 7.44% and a net margin of 20.50%. During the same period last year, the company earned $0.38 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. Zions Bancorporation’s dividend payout ratio (DPR) is presently 14.41%.

ILLEGAL ACTIVITY NOTICE: “Zions Bancorporation (ZION) Stock Rating Reaffirmed by Keefe, Bruyette & Woods” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/19/zions-bancorporation-zion-given-hold-rating-at-keefe-bruyette-woods.html.

In other Zions Bancorporation news, insider Leeanne B. Linderman sold 29,078 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $41.00, for a total value of $1,192,198.00. Following the completion of the sale, the insider now owns 15,746 shares of the company’s stock, valued at $645,586. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Thomas E. Laursen sold 860 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $41.16, for a total value of $35,397.60. Following the completion of the sale, the general counsel now directly owns 25,901 shares of the company’s stock, valued at approximately $1,066,085.16. The disclosure for this sale can be found here. Insiders sold 46,184 shares of company stock valued at $1,880,815 in the last three months. Insiders own 1.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ZION. Global X Management Co. LLC raised its position in Zions Bancorporation by 340.4% in the first quarter. Global X Management Co. LLC now owns 3,021 shares of the bank’s stock worth $127,000 after buying an additional 2,335 shares in the last quarter. Segantii Capital Management Ltd bought a new position in Zions Bancorporation during the first quarter worth $151,000. Cypress Capital Management LLC WY bought a new position in Zions Bancorporation during the first quarter worth $169,000. FNY Partners Fund LP bought a new position in Zions Bancorporation during the first quarter worth $188,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Zions Bancorporation by 2.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,494 shares of the bank’s stock worth $194,000 after buying an additional 124 shares in the last quarter. Institutional investors own 95.42% of the company’s stock.

Zions Bancorporation 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.

Receive News & Ratings for Zions Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.