Somewhat Favorable News Coverage Somewhat Unlikely to Impact Zions Bancorporation (ZION) Stock Price
Media headlines about Zions Bancorporation (NASDAQ:ZION) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zions Bancorporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.3960052851199 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- CSRA Inc., (NYSE: CSRA), Zions Bancorporation, (NASDAQ: ZION), Chesapeake Energy Corporation, (NYSE: CHK … – Stocks In The News (press release) (tradingnewsnow.com)
- Worth Watching Stocks on the Move: Zions Bancorporation, (NASDAQ: ZION), GGP Inc., (NYSE: GGP), Yum China … – Stocks In The News (press release) (tradingnewsnow.com)
- Habitat holds Green sale, Select Mattress Firms to feature Purple, Zions Bancorporation simplifies structure – Daily Herald (heraldextra.com)
- Ditching ‘Too Big to Fail’ Tag Only Solves Some Problems (nytimes.com)
- Zions Seeks to Simplify Structure to Remove Regulatory Tag (finance.yahoo.com)
Zions Bancorporation (ZION) remained flat at $$46.35 during trading on Friday. The company had a trading volume of 688,600 shares, compared to its average volume of 2,090,000. Zions Bancorporation has a 52-week low of $38.23 and a 52-week high of $48.33. 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 cap of $9,260.00, a P/E ratio of 17.42, a PEG ratio of 1.79 and a beta of 1.48.
Zions Bancorporation (NASDAQ:ZION) last posted its earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). Zions Bancorporation had a return on equity of 8.54% and a net margin of 22.70%. The firm had revenue of $661.00 million for the quarter, compared to the consensus estimate of $666.83 million. During the same period in the prior year, the business earned $0.57 EPS. research analysts anticipate that Zions Bancorporation will post 2.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.38%. This is a positive change from Zions Bancorporation’s previous quarterly dividend of $0.12. Zions Bancorporation’s dividend payout ratio (DPR) is presently 23.97%.
ZION has been the subject of several research reports. Robert W. Baird downgraded Zions Bancorporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $46.12 to $43.00 in a research note on Monday, August 7th. Wells Fargo & Company started coverage on shares of Zions Bancorporation in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $56.00 price target on the stock. Bank of America Corporation raised shares of Zions Bancorporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $50.00 to $52.00 in a research report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $51.00 price target on shares of Zions Bancorporation in a research report on Saturday, September 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of Zions Bancorporation in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.30.
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About Zions Bancorporation
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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