Analysts’ Weekly Ratings Updates for Zions Bancorp (ZION)

A number of firms have modified their ratings and price targets on shares of Zions Bancorp (NASDAQ: ZION) recently:

  • 2/5/2018 – Zions Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/26/2018 – Zions Bancorp had its price target raised by analysts at Morgan Stanley from $57.00 to $58.00. They now have an “equal weight” rating on the stock.
  • 1/23/2018 – Zions Bancorp had its price target raised by analysts at BMO Capital Markets. They now have a “market perform” rating on the stock.
  • 1/23/2018 – Zions Bancorp had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $60.00 price target on the stock.
  • 1/23/2018 – Zions Bancorp had its price target raised by analysts at Royal Bank of Canada to $60.00. They now have an “outperform” rating on the stock.
  • 1/23/2018 – Zions Bancorp was given a new $58.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 1/23/2018 – Zions Bancorp had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $65.00 price target on the stock, up previously from $60.00.
  • 1/23/2018 – Zions Bancorp had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $62.00 price target on the stock.
  • 1/9/2018 – Zions Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $49.00 price target on the stock.
  • 1/5/2018 – Zions Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/2/2018 – Zions Bancorp had its price target raised by analysts at Barclays PLC from $52.00 to $57.00. They now have an “overweight” rating on the stock.
  • 12/27/2017 – Zions Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Zions’ shares have significantly outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of trailing four quarters. The company has been witnessing consistent growth in loans and deposits along with easing margin pressure. Also, its initiatives to manage expenses have been successful and are expected to aid bottom-line growth. While higher exposure toward risky loan portfolios is expected to hamper the company's financials, lower corporate tax rate will likely help mitigate this adverse imapct to some extent.”
  • 12/22/2017 – Zions Bancorp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $60.00 price target on the stock.
  • 12/20/2017 – Zions Bancorp had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $53.00 price target on the stock.
  • 12/16/2017 – Zions Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Zions Bancorp (ZION) opened at $51.64 on Monday. The firm has a market capitalization of $10,200.55, a PE ratio of 19.86, a PEG ratio of 1.53 and a beta of 1.45. 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 one year low of $38.43 and a one year high of $55.61.

Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $665.00 million during the quarter, compared to analyst estimates of $670.55 million. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. During the same quarter in the prior year, the company posted $0.60 earnings per share. research analysts forecast that Zions Bancorp will post 3.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th will be paid a $0.20 dividend. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. Zions Bancorp’s dividend payout ratio is 24.62%.

In other news, EVP Keith D. Maio sold 13,019 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total value of $604,602.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph L. Reilly sold 23,271 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $46.70, for a total value of $1,086,755.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,425 shares of company stock valued at $2,513,426. Corporate insiders own 1.46% of the company’s stock.

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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