Zions Bancorp (NASDAQ:ZION) is scheduled to be issuing its quarterly earnings results after the market closes on Monday, April 23rd. Analysts expect the company to announce earnings of $0.81 per share for the quarter.
Zions Bancorp (NASDAQ:ZION) last posted its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $670.55 million. During the same period in the prior year, the company posted $0.60 EPS. On average, analysts expect Zions Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NASDAQ ZION opened at $53.80 on Friday. Zions Bancorp has a 1 year low of $38.43 and a 1 year high of $57.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $10,234.46, a price-to-earnings ratio of 18.81, a PEG ratio of 1.53 and a beta of 1.38.
ZION has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 target price on shares of Zions Bancorp in a research note on Friday, December 22nd. Morgan Stanley increased their target price on shares of Zions Bancorp from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Piper Jaffray reiterated a “hold” rating and issued a $49.00 target price on shares of Zions Bancorp in a research note on Tuesday, January 9th. BidaskClub cut shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $62.00 target price on shares of Zions Bancorp in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.67.
In other news, General Counsel Thomas E. Laursen sold 1,250 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total value of $67,850.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Scott J. Mclean sold 31,309 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $56.15, for a total transaction of $1,758,000.35. The disclosure for this sale can be found here. Insiders sold a total of 57,224 shares of company stock worth $3,156,817 in the last three months. Insiders own 1.46% of the company’s stock.
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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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