Zions Bancorporation (NASDAQ:ZION)‘s stock had its “hold” rating reaffirmed by investment analysts at BMO Capital Markets in a research note issued on Wednesday. They presently have a $53.00 target price on the bank’s stock. BMO Capital Markets’ target price would indicate a potential upside of 4.15% from the company’s previous close.

A number of other research analysts have also commented on the company. BidaskClub lowered Zions Bancorporation from a “buy” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods raised Zions Bancorporation from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 12th. B. Riley set a $54.00 price objective on Zions Bancorporation and gave the company a “buy” rating in a report on Monday, November 20th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Zions Bancorporation in a report on Tuesday, October 24th. Finally, Barclays set a $52.00 price objective on Zions Bancorporation and gave the company an “overweight” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $50.16.

Zions Bancorporation (ZION) opened at $50.89 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. Zions Bancorporation has a 1-year low of $38.43 and a 1-year high of $52.20. The company has a market capitalization of $9,989.19, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48.

Zions Bancorporation (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Zions Bancorporation had a net margin of 22.70% and a return on equity of 8.54%. The firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $666.83 million. During the same period in the prior year, the company earned $0.57 earnings per share. equities research analysts predict that Zions Bancorporation will post 2.8 earnings per share for the current year.

In related news, insider Joseph L. Reilly sold 23,271 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $46.70, for a total value of $1,086,755.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Keith D. Maio sold 13,019 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total value of $604,602.36. The disclosure for this sale can be found here. Insiders sold 43,979 shares of company stock worth $2,057,927 over the last ninety days. 1.46% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in Zions Bancorporation in the second quarter valued at about $108,000. Americafirst Capital Management LLC bought a new position in Zions Bancorporation in the second quarter valued at about $175,000. Global X Management Co. LLC raised its position in Zions Bancorporation by 58.6% in the second quarter. Global X Management Co. LLC now owns 4,792 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,771 shares during the last quarter. Conning Inc. bought a new position in Zions Bancorporation in the third quarter valued at about $210,000. Finally, Janney Montgomery Scott LLC bought a new position in Zions Bancorporation in the third quarter valued at about $212,000. 92.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Zions Bancorporation (NASDAQ:ZION)

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