Media coverage about Zions Bancorp (NASDAQ:ZION) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zions Bancorp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.2365443211604 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
ZION has been the topic of several research analyst reports. 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 report on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a research note on Friday, December 22nd. B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a research note on Tuesday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $62.00 price target on shares of Zions Bancorp in a research note on Tuesday, January 23rd. Finally, BidaskClub raised Zions Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $56.67.
ZION stock traded up $0.46 during trading on Monday, hitting $53.31. The stock had a trading volume of 1,459,121 shares, compared to its average volume of 2,433,650. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $57.29. The company has a market capitalization of $10,385.78, a price-to-earnings ratio of 18.64, a PEG ratio of 1.54 and a beta of 1.38. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.
Zions Bancorp (NASDAQ:ZION) last announced its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. The firm had revenue of $665.00 million during the quarter, compared to the consensus estimate of $670.55 million. During the same quarter in the previous year, the company posted $0.60 EPS. research analysts predict that Zions Bancorp will post 3.7 earnings per share for the current year.
In related news, insider David E. Blackford sold 4,115 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $51.47, for a total value of $211,799.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,250 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. Insiders sold a total of 57,224 shares of company stock valued at $3,156,817 in the last three months. 1.46% of the stock is currently owned by corporate insiders.
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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.
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