Zions Bancorp (ZION) Issues Earnings Results

Zions Bancorp (NASDAQ:ZION) announced its earnings results on Monday. The bank reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07, Briefing.com reports. Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. During the same quarter in the previous year, the company earned $0.60 earnings per share.

Shares of Zions Bancorp (NASDAQ ZION) traded up $0.43 during midday trading on Monday, hitting $54.16. 2,546,872 shares of the stock were exchanged, compared to its average volume of 1,927,100. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $10,820.00, a PE ratio of 20.28, a PEG ratio of 1.63 and a beta of 1.48. Zions Bancorp has a 1 year low of $38.43 and a 1 year high of $54.22.

In other news, General Counsel Thomas E. Laursen sold 1,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $46.55, for a total value of $74,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith D. Maio sold 13,019 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total transaction of $604,602.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,979 shares of company stock valued at $2,057,927. Corporate insiders own 1.46% of the company’s stock.

A number of analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 target price on shares of Zions Bancorp in a report on Friday, December 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Zions Bancorp in a report on Wednesday, December 20th. BidaskClub raised shares of Zions Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research raised shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, December 27th. Finally, Barclays upped their target price on shares of Zions Bancorp from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.12.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/22/zions-bancorp-zion-issues-earnings-results.html.

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.

Earnings History for Zions Bancorp (NASDAQ:ZION)

Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit