Zions Bancorp (ZION) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Zions Bancorp (NASDAQ:ZION) posted its quarterly earnings data on Monday. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07, Briefing.com reports. Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. During the same quarter last year, the company earned $0.60 EPS.

Shares of Zions Bancorp (NASDAQ ZION) traded up $0.43 during midday trading on Monday, hitting $54.16. 2,546,872 shares of the stock traded hands, compared to its average volume of 1,927,100. The company has a market capitalization of $10,820.00, a P/E ratio of 20.28, a PEG ratio of 1.63 and a beta of 1.48. Zions Bancorp has a 52-week low of $38.43 and a 52-week high of $54.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05.

In other news, EVP Keith D. Maio sold 13,019 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total transaction of $604,602.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Alexander sold 6,089 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $47.97, for a total transaction of $292,089.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,979 shares of company stock worth $2,057,927. Insiders own 1.46% of the company’s stock.

Several equities research analysts recently commented on ZION shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $60.00 price objective on shares of Zions Bancorp in a research note on Friday, December 22nd. Piper Jaffray Companies reissued a “hold” rating and set a $49.00 price objective on shares of Zions Bancorp in a research note on Tuesday, January 9th. BidaskClub lowered shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, December 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Zions Bancorp in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $52.12.

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About Zions Bancorp

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.

Earnings History for Zions Bancorp (NASDAQ:ZION)

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