Zions Bancorporation (NASDAQ:ZION) will be releasing its earnings data after the market closes on Monday, October 23rd. Analysts expect Zions Bancorporation to post earnings of $0.68 per share for the quarter.

Zions Bancorporation (NASDAQ:ZION) last issued its earnings results on Tuesday, July 25th. The bank reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.11. Zions Bancorporation had a net margin of 21.97% and a return on equity of 8.14%. The company had revenue of $660.00 million for the quarter, compared to the consensus estimate of $640.34 million. During the same quarter in the previous year, the company earned $0.44 EPS. On average, analysts expect Zions Bancorporation to post $2.81 EPS for the current fiscal year and $3.18 EPS for the next fiscal year.

Shares of Zions Bancorporation (ZION) opened at 46.60 on Monday. Zions Bancorporation has a 52 week low of $30.47 and a 52 week high of $48.33. The firm has a market cap of $9.42 billion, a P/E ratio of 18.55 and a beta of 1.44. The stock has a 50 day moving average of $45.04 and a 200 day moving average of $43.15.

Zions Bancorporation declared that its board has approved a share repurchase plan on Wednesday, June 28th that allows the company to buyback $465.00 million in shares. This buyback authorization allows the bank to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Zions Bancorporation news, insider David E. Blackford sold 9,533 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $44.94, for a total transaction of $428,413.02. Following the sale, the insider now directly owns 22,997 shares in the company, valued at approximately $1,033,485.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roger B. Porter bought 1,616 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $43.99 per share, for a total transaction of $71,087.84. Following the completion of the purchase, the director now owns 42,001 shares in the company, valued at approximately $1,847,623.99. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 27,118 shares of company stock worth $1,222,407. Company insiders own 1.46% of the company’s stock.

Several research analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $54.00 target price on shares of Zions Bancorporation in a research report on Thursday. Zacks Investment Research lowered Zions Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up previously from $48.00) on shares of Zions Bancorporation in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $48.00 target price on shares of Zions Bancorporation in a research report on Tuesday, October 3rd. Finally, Robert W. Baird lowered 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.95.

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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.

Earnings History for Zions Bancorporation (NASDAQ:ZION)

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