Shares of Zions Bancorporation (NASDAQ:ZION) have earned a consensus rating of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $49.94.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Keefe, Bruyette & Woods raised shares of Zions Bancorporation from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Jefferies Group reissued a “buy” rating and set a $54.00 target price on shares of Zions Bancorporation in a research report on Thursday, October 12th. Robert W. Baird cut shares of Zions Bancorporation from a “neutral” rating to an “underperform” rating and set a $43.00 target price for the company. in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Zions Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th.

In other Zions Bancorporation news, General Counsel Thomas E. Laursen sold 1,600 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $292,089.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,979 shares of company stock valued at $2,057,927. Corporate insiders own 1.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its holdings in shares of Zions Bancorporation by 2.2% in the third quarter. Parametric Portfolio Associates LLC now owns 767,154 shares of the bank’s stock worth $36,194,000 after buying an additional 16,540 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Zions Bancorporation in the third quarter worth $3,337,000. Cetera Advisor Networks LLC raised its holdings in shares of Zions Bancorporation by 9.4% in the third quarter. Cetera Advisor Networks LLC now owns 16,597 shares of the bank’s stock worth $784,000 after buying an additional 1,423 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Zions Bancorporation by 1.1% in the third quarter. California Public Employees Retirement System now owns 582,012 shares of the bank’s stock worth $27,459,000 after buying an additional 6,412 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Zions Bancorporation during the third quarter worth $212,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation (ZION) traded down $0.54 during midday trading on Friday, hitting $49.22. 2,788,800 shares of the stock were exchanged, compared to its average volume of 2,518,991. 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 Bancorporation has a 1 year low of $38.43 and a 1 year high of $52.20. The company has a market capitalization of $9,830.00, a P/E ratio of 18.71, a PEG ratio of 1.92 and a beta of 1.48.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Zions Bancorporation’s previous quarterly dividend of $0.12. Zions Bancorporation’s dividend payout ratio (DPR) is currently 23.97%.

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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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