News articles about Zions Bancorp (NASDAQ:ZION) have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Zions Bancorp earned a news impact score of 1.09 on their scale. InfoTrie also assigned news coverage about the bank an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Zions Bancorp’s score:
Shares of NASDAQ:ZION opened at $45.11 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37. Zions Bancorp has a twelve month low of $44.55 and a twelve month high of $59.19.
Zions Bancorp (NASDAQ:ZION) last issued its earnings results on Monday, October 22nd. The bank reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. The firm had revenue of $701.00 million during the quarter, compared to analyst estimates of $699.87 million. Zions Bancorp had a net margin of 26.57% and a return on equity of 11.84%. During the same quarter last year, the business earned $0.72 earnings per share. Analysts predict that Zions Bancorp will post 4.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, November 13th. Zions Bancorp’s payout ratio is 41.96%.
Several equities analysts recently weighed in on the stock. Raymond James increased their price target on shares of Zions Bancorp from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, October 29th. ValuEngine upgraded shares of Zions Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub upgraded shares of Zions Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Robert W. Baird upgraded shares of Zions Bancorp from an “underperform” rating to a “neutral” rating and set a $49.00 price target for the company in a research report on Tuesday, October 23rd. Finally, SunTrust Banks increased their price target on shares of Zions Bancorp to $52.00 and gave the company a “buy” rating in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Zions Bancorp has an average rating of “Buy” and an average price target of $58.57.
In other news, General Counsel Thomas E. Laursen sold 1,381 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $48.33, for a total value of $66,743.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider A Scott Anderson sold 12,000 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $47.30, for a total transaction of $567,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,259 shares of company stock worth $1,170,272. Insiders own 1.60% of the company’s stock.
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Zions Bancorp Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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