Zions Bancorp (ZION) Given Consensus Recommendation of “Buy” by Analysts

Shares of Zions Bancorp (NASDAQ:ZION) have earned a consensus recommendation of “Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $57.28.

Several analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $64.00 price target (up previously from $60.00) on shares of Zions Bancorp in a research note on Tuesday, February 27th. Wells Fargo restated an “outperform” rating and issued a $65.00 price target (up previously from $60.00) on shares of Zions Bancorp in a research note on Tuesday, January 23rd. BidaskClub downgraded Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Barclays increased their target price on Zions Bancorp from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada increased their target price on Zions Bancorp to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd.

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In other news, General Counsel Thomas E. Laursen sold 1,250 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $54.28, for a total transaction of $67,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven Dan Stephens sold 7,100 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $54.87, for a total value of $389,577.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,224 shares of company stock worth $3,156,817 over the last three months. Insiders own 1.46% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in Zions Bancorp in the 4th quarter worth $102,000. Delpha Capital Management LLC bought a new position in Zions Bancorp in the 4th quarter worth $107,000. G&S Capital LLC bought a new position in Zions Bancorp in the 4th quarter worth $115,000. Tower Research Capital LLC TRC raised its holdings in Zions Bancorp by 1,274.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock worth $140,000 after purchasing an additional 2,562 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in Zions Bancorp by 2,081.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock worth $152,000 after purchasing an additional 2,872 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Zions Bancorp stock traded up $0.56 during midday trading on Friday, hitting $52.73. The company had a trading volume of 1,747,438 shares, compared to its average volume of 2,566,863. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $10,362.18, a P/E ratio of 18.44, a PEG ratio of 1.54 and a beta of 1.37. Zions Bancorp has a 52-week low of $38.43 and a 52-week high of $57.29.

Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. The company had revenue of $665.00 million for the quarter, compared to the consensus estimate 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 business posted $0.60 EPS. equities analysts expect that Zions Bancorp will post 3.69 EPS for the current year.

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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.

Analyst Recommendations for Zions Bancorp (NASDAQ:ZION)

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