Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Zions Bancorp (ZION) Stock Price
Press coverage about Zions Bancorp (NASDAQ:ZION) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Zions Bancorp earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.7780647959924 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Real Monarchs open 2018 at Zions Bank Stadium against Portland Timbers 2 (rslsoapbox.com)
- Hot Tickers: Zions Bancorporation (ZION), Fidelity National Information Services, Inc. (FIS) – Market Movers (financialqz.com)
- Rabbi Killed in West Bank Shooting (jewishjournal.com)
- SLCPD looking for suspect in bank robbery (fox13now.com)
- Q4 2017 Earnings Forecast for Zions Bancorp (ZION) Issued By B. Riley (americanbankingnews.com)
Shares of Zions Bancorp (ZION) traded up $0.17 on Friday, reaching $53.28. The company’s stock had a trading volume of 1,634,402 shares, compared to its average volume of 1,623,349. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $53.77. The stock has a market cap of $10,608.39, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.48.
A number of research analysts recently weighed in on ZION shares. Keefe, Bruyette & Woods raised Zions Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. BidaskClub lowered Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research raised Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, December 27th. Royal Bank of Canada raised their price objective on Zions Bancorp from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Finally, B. Riley set a $54.00 target price on Zions Bancorp and gave the company a “buy” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Zions Bancorp has an average rating of “Buy” and an average target price of $52.12.
In other news, General Counsel Thomas E. Laursen sold 1,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $46.55, for a total value of $74,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Alexander sold 6,089 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $47.97, for a total value of $292,089.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,979 shares of company stock worth $2,057,927. Company insiders own 1.46% 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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