Zions Bancorp (NASDAQ:ZION) – Stock analysts at B. Riley decreased their Q4 2017 earnings per share (EPS) estimates for Zions Bancorp in a note issued to investors on Thursday. B. Riley analyst S. Moss now forecasts that the bank will post earnings per share of $0.73 for the quarter, down from their previous forecast of $0.77. B. Riley has a “Buy” rating and a $54.00 price objective on the stock. B. Riley also issued estimates for Zions Bancorp’s Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.02 EPS, Q1 2019 earnings at $0.98 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.12 EPS and Q4 2019 earnings at $1.11 EPS.
Several other analysts have also issued reports on ZION. BidaskClub lowered shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies restated a “hold” rating and set a $49.00 price target on shares of Zions Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $48.00 price target on shares of Zions Bancorp in a research report on Tuesday, October 3rd. Robert W. Baird lowered shares of Zions Bancorp from a “neutral” rating to an “underperform” rating and set a $43.00 price target for the company. in a research report on Monday, October 2nd. Finally, Barclays set a $52.00 price target on shares of Zions Bancorp and gave the company an “overweight” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $52.12.
Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $666.83 million. During the same quarter in the previous year, the company earned $0.57 earnings per share.
In other news, insider Joseph L. Reilly sold 23,271 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $46.70, for a total transaction of $1,086,755.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Alexander sold 6,089 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $47.97, for a total transaction of $292,089.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,979 shares of company stock valued at $2,057,927. 1.46% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in Zions Bancorp by 55.4% in the second quarter. Federated Investors Inc. PA now owns 5,829 shares of the bank’s stock worth $256,000 after buying an additional 2,077 shares in the last quarter. Principal Financial Group Inc. raised its stake in Zions Bancorp by 1.3% in the second quarter. Principal Financial Group Inc. now owns 319,256 shares of the bank’s stock worth $14,018,000 after buying an additional 4,016 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Zions Bancorp by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,054 shares of the bank’s stock worth $661,000 after buying an additional 39 shares in the last quarter. CIBC World Markets Inc. bought a new position in Zions Bancorp in the second quarter worth about $524,000. Finally, Riverhead Capital Management LLC raised its stake in Zions Bancorp by 87.9% in the second quarter. Riverhead Capital Management LLC now owns 54,167 shares of the bank’s stock worth $2,378,000 after buying an additional 25,347 shares in the last quarter. Institutional investors own 92.54% of the company’s stock.
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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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