News headlines about Zions Bancorporation (NASDAQ:ZION) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zions Bancorporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.3960052851199 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
Shares of Zions Bancorporation (NASDAQ ZION) traded down $0.86 during trading on Tuesday, hitting $50.88. 2,436,845 shares of the stock traded hands, compared to its average volume of 2,523,518. The company has a market capitalization of $10,160.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48. Zions Bancorporation has a 1 year low of $38.43 and a 1 year high of $52.20. 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 Bancorporation (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $666.83 million. Zions Bancorporation had a net margin of 22.70% and a return on equity of 8.54%. During the same quarter last year, the firm earned $0.57 EPS. analysts forecast that Zions Bancorporation will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 15th were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.64 annualized dividend and a yield of 1.26%. This is a boost from Zions Bancorporation’s previous quarterly dividend of $0.12. Zions Bancorporation’s payout ratio is 23.97%.
ZION has been the subject of a number of research reports. Robert W. Baird upgraded shares of Zions Bancorporation from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a research report on Friday, September 8th. Wells Fargo & Company initiated coverage on shares of Zions Bancorporation in a report on Wednesday, August 9th. They issued an “outperform” rating and a $56.00 price target on the stock. Bank of America raised shares of Zions Bancorporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $52.00 in a report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $51.00 target price on shares of Zions Bancorporation in a research note on Saturday, September 16th. Finally, Zacks Investment Research downgraded shares of Zions Bancorporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.84.
In other Zions Bancorporation news, General Counsel Thomas E. Laursen sold 1,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $46.55, for a total transaction of $74,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Keith D. Maio sold 13,019 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total value of $604,602.36. 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. 1.46% of the stock is currently owned by company insiders.
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About Zions Bancorporation
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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