Media headlines about Zions Bancorporation (NASDAQ:ZION) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Zions Bancorporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Zions Bancorporation – Banking Technology (bankingtech.com)
- Zions Bancorporation goes live on TCS BaNCS core banking software – Finextra (finextra.com)
- Zions Bancorporation – Warrants (NASDAQ:ZIONW) Sees Light Trading Volume with 6275 Shares Changing Hands – Highlight Press (highlightpress.com)
- Zions Bancorporation goes live on TCS Bancs core system – Banking Technology (bankingtech.com)
- Zions Bancorporation goes live on TCS BaNCS Core Banking software – PR Newswire (press release) (prnewswire.com)
Zions Bancorporation (NASDAQ:ZION) opened at 44.34 on Tuesday. Zions Bancorporation has a 1-year low of $25.62 and a 1-year high of $48.33. The company has a 50 day moving average of $41.41 and a 200 day moving average of $42.36. The firm has a market capitalization of $8.98 billion, a P/E ratio of 19.96 and a beta of 1.44.
Zions Bancorporation (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 24th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $621 million during the quarter, compared to analyst estimates of $619.90 million. Zions Bancorporation had a return on equity of 7.44% and a net margin of 20.50%. During the same period last year, the company earned $0.38 EPS. On average, equities research analysts anticipate that Zions Bancorporation will post $2.60 earnings per share for the current year.
Zions Bancorporation announced that its board has initiated a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $465.00 million in shares. This repurchase authorization authorizes the bank to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently issued reports on ZION shares. BMO Capital Markets restated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation in a report on Wednesday, March 22nd. Compass Point raised shares of Zions Bancorporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 29th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of Zions Bancorporation in a research note on Wednesday, April 5th. Piper Jaffray Companies cut their price target on shares of Zions Bancorporation from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. Finally, Keefe, Bruyette & Woods set a $44.00 price target on shares of Zions Bancorporation and gave the company a “hold” rating in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.23.
In related news, insider Leeanne B. Linderman sold 29,078 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $41.00, for a total transaction of $1,192,198.00. Following the completion of the sale, the insider now directly owns 15,746 shares of the company’s stock, valued at approximately $645,586. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David E. Blackford sold 942 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $40.44, for a total value of $38,094.48. Following the sale, the insider now directly owns 29,415 shares of the company’s stock, valued at $1,189,542.60. The disclosure for this sale can be found here. Insiders sold a total of 46,184 shares of company stock valued at $1,880,815 over the last ninety days. Corporate insiders own 1.46% of the company’s stock.
Zions Bancorporation Company Profile
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.
Receive News & Ratings for Zions Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.