News headlines about Zions Bancorp (NASDAQ:ZION) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zions Bancorp earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.7780647959924 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
Several equities research analysts recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $49.00 target price (up from $48.00) on shares of Zions Bancorp in a report on Wednesday, October 4th. BidaskClub upgraded Zions Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Sanford C. Bernstein restated a “market perform” rating and set a $51.00 target price on shares of Zions Bancorp in a report on Saturday, September 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $48.00 target price on shares of Zions Bancorp in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada increased their target price on Zions Bancorp from $51.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.12.
Zions Bancorp (NASDAQ ZION) traded up $0.17 on Friday, reaching $53.28. The company’s stock had a trading volume of 1,634,402 shares, compared to its average volume of 1,623,349. The company has a market cap of $10,608.39, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.48. 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 fifty-two week low of $38.43 and a fifty-two week high of $53.77.
Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $666.83 million. Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. During the same period in the previous year, the company earned $0.57 EPS. analysts anticipate that Zions Bancorp will post 2.8 earnings per share for the current fiscal year.
In other news, insider Joseph L. Reilly sold 23,271 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $46.70, for a total value of $1,086,755.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Alexander sold 6,089 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $47.97, for a total value of $292,089.33. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock valued at $2,057,927 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.
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Zions Bancorp 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.
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