BMO Capital Markets Increases Zions Bancorp (ZION) Price Target to $0.00

Zions Bancorp (NASDAQ:ZION) had its price target boosted by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, January 23rd. The firm presently has a “market perform” rating on the bank’s stock.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Zions Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. B. Riley set a $54.00 price target on shares of Zions Bancorp and gave the company a “buy” rating in a research report on Monday, November 20th. FBR & Co reissued a “buy” rating and set a $54.00 price target on shares of Zions Bancorp in a research report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and set a $54.00 price target on shares of Zions Bancorp in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.78.

Zions Bancorp (ZION) opened at $51.64 on Tuesday. 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 Bancorp has a 12 month low of $38.43 and a 12 month high of $55.61. The company has a market cap of $10,200.55, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45.

Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. The business had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $670.55 million. During the same quarter in the previous year, the company earned $0.60 EPS. sell-side analysts expect that Zions Bancorp will post 3.65 earnings per share for the current year.

In other news, 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 transaction of $604,602.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,425 shares of company stock worth $2,513,426 over the last three months. 1.46% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. Crewe Advisors LLC purchased a new position in shares of Zions Bancorp in the fourth quarter worth approximately $102,000. Tower Research Capital LLC TRC boosted its holdings in shares of Zions Bancorp by 1,274.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock worth $140,000 after buying an additional 2,562 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Zions Bancorp by 2,081.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock worth $152,000 after buying an additional 2,872 shares during the last quarter. Blue Sky Asset Management LLC purchased a new position in shares of Zions Bancorp in the fourth quarter worth approximately $157,000. Finally, Virtu Financial LLC purchased a new position in shares of Zions Bancorp in the fourth quarter worth approximately $200,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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Zions Bancorp 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.

Analyst Recommendations for Zions Bancorp (NASDAQ:ZION)

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