Zions Bancorp (ZION) Receiving Somewhat Favorable Media Coverage, Accern Reports
News articles about Zions Bancorp (NASDAQ:ZION) have trended somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zions Bancorp earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.3923862971823 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 Sentiment’s scoring:
- Zions Bancorp (ZION) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- $670.42 Million in Sales Expected for Zions Bancorp (ZION) This Quarter (americanbankingnews.com)
- SunTrust Banks Weighs in on Zions Bancorp’s Q1 2018 Earnings (ZION) (americanbankingnews.com)
- Scott Thompson named manager of Zions Bank’s Nampa Financial Center (idahobusinessreview.com)
- Zions Bancorp (ZION) Expected to Post Earnings of $0.74 Per Share (americanbankingnews.com)
Zions Bancorp (NASDAQ:ZION) traded up $1.19 during trading on Tuesday, reaching $51.81. 1,888,106 shares of the company were exchanged, compared to its average volume of 2,011,600. Zions Bancorp has a fifty-two week low of $38.43 and a fifty-two week high of $52.20. The stock has a market cap of $10,380.00, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80.
Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $666.83 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. equities research analysts anticipate that Zions Bancorp will post 2.8 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on ZION shares. Keefe, Bruyette & Woods upgraded shares of Zions Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. BidaskClub lowered shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Royal Bank of Canada raised their price target on shares of Zions Bancorp from $51.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 24th. B. Riley set a $54.00 price target on shares of Zions Bancorp and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Zions Bancorp has an average rating of “Buy” and a consensus target price of $51.78.
In other news, insider Bruce K. Alexander sold 6,089 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $47.97, for a total transaction of $292,089.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph L. Reilly sold 23,271 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $46.70, for a total transaction of $1,086,755.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock valued at $2,057,927 over the last 90 days. Company insiders own 1.46% of the company’s stock.
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.
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