Shares of Zions Bancorporation (NASDAQ:ZION) have earned a consensus recommendation of “Buy” from the thirty analysts that are covering the firm, Market Beat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.87.
ZION has been the subject of several research analyst reports. Jefferies Group dropped their price objective on shares of Zions Bancorporation from $28.00 to $27.00 in a research report on Tuesday, October 20th. Guggenheim lowered their target price on shares of Zions Bancorporation to $35.00 in a report on Thursday, October 8th. Evercore ISI lowered their target price on shares of Zions Bancorporation from $35.00 to $33.00 in a report on Friday, September 11th. Morgan Stanley lowered their target price on shares of Zions Bancorporation from $33.00 to $32.00 in a report on Thursday, October 29th. Finally, Barclays reaffirmed a “buy” rating and set a $38.00 target price (down previously from $40.00) on shares of Zions Bancorporation in a report on Friday, October 9th.
In other news, SVP Alexander Hume sold 7,644 shares of the business’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $29.87, for a total value of $228,326.28. Following the completion of the sale, the senior vice president now directly owns 2,375 shares in the company, valued at approximately $70,941.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 23rd. The stock was sold at an average price of $30.08, for a total transaction of $30,080.00. Following the completion of the sale, the general counsel now owns 35,772 shares of the company’s stock, valued at $1,076,021.76. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Zions Bancorporation stock. EJF Capital purchased a new position in shares of Zions Bancorporation (NASDAQ:ZION) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 750,000 shares of the company’s stock, valued at approximately $20,655,000. Zions Bancorporation makes up 1.0% of EJF Capital’s holdings, making the stock its 21st largest position. EJF Capital owned 0.37% of Zions Bancorporation as of its most recent SEC filing.
Shares of Zions Bancorporation (NASDAQ:ZION) opened at 27.47 on Thursday. The company’s 50 day moving average is $28.80 and its 200 day moving average is $29.44. Zions Bancorporation has a 52-week low of $23.72 and a 52-week high of $33.03. The firm has a market cap of $5.61 billion and a price-to-earnings ratio of 25.11.
Zions Bancorporation (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 19th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.01. During the same period in the previous year, the company posted $0.38 EPS. Analysts anticipate that Zions Bancorporation will post $1.25 earnings per share for the current year.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.