Zions Bancorp (ZION) to Release Earnings on Monday

Zions Bancorp (NASDAQ:ZION) is set to release its earnings data after the market closes on Monday, January 22nd. Analysts expect Zions Bancorp to post earnings of $0.74 per share for the quarter.

Zions Bancorp (NASDAQ:ZION) last posted 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). The business had revenue of $661.00 million during the quarter, compared to the consensus estimate of $666.83 million. Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. During the same period in the prior year, the firm earned $0.57 EPS. On average, analysts expect Zions Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Zions Bancorp (ZION) opened at $53.73 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10,910.00, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48. Zions Bancorp has a twelve month low of $38.43 and a twelve month high of $53.87.

In other Zions Bancorp news, EVP Keith D. Maio sold 13,019 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total value of $604,602.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph L. Reilly sold 23,271 shares of the company’s stock in a transaction that occurred 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. Over the last 90 days, insiders sold 43,979 shares of company stock valued at $2,057,927. Corporate insiders own 1.46% of the company’s stock.

A number of research firms have issued reports on ZION. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $48.00 price objective on shares of Zions Bancorp in a report on Tuesday, October 3rd. Robert W. Baird downgraded shares of Zions Bancorp from a “neutral” rating to an “underperform” rating and set a $43.00 price objective for the company. in a report on Monday, October 2nd. BidaskClub downgraded shares of Zions Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Barclays set a $52.00 price objective on shares of Zions Bancorp and gave the company an “overweight” rating in a report on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and issued a $54.00 price objective on shares of Zions Bancorp in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $52.12.

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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.

Earnings History for Zions Bancorp (NASDAQ:ZION)

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