News articles about Zions Bancorp (NASDAQ:ZION) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zions Bancorp earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.6213933270364 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- The new siege of Jerusalem (globes.co.il)
- CMBS delinquency improvements reflected in Idaho, too (idahobusinessreview.com)
- Insurance company to pastor: This doesn’t look like chronic pain condition (nypost.com)
- ‘Injured’ Woman With $300,000 Insurance Claim Pictured Playing Skee-Ball, Lawsuit Says (ibtimes.com)
- Vectra Bank thrives under parent company’s consolidated charter (bizjournals.com)
ZION has been the topic of several research analyst reports. B. Riley set a $54.00 price target on Zions Bancorp and gave the company a “buy” rating in a research report on Monday, November 20th. BidaskClub raised Zions Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods upgraded shares of Zions Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Zions Bancorp in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. Zions Bancorp presently has a consensus rating of “Buy” and an average price target of $55.89.
Zions Bancorp (NASDAQ:ZION) traded down $0.46 during trading hours on Wednesday, hitting $55.29. 134,531 shares of the stock were exchanged, compared to its average volume of 2,444,890. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $57.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $11,140.00, a PE ratio of 19.63, a P/E/G ratio of 1.66 and a beta of 1.37.
Zions Bancorp (NASDAQ:ZION) last posted its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same quarter in the previous year, the company posted $0.60 earnings per share. analysts anticipate that Zions Bancorp will post 3.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. Zions Bancorp’s dividend payout ratio (DPR) is currently 28.17%.
In other Zions Bancorp news, President Scott J. Mclean sold 31,309 shares of Zions Bancorp stock in a transaction on Monday, February 26th. The shares were sold at an average price of $56.15, for a total transaction of $1,758,000.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander Hume sold 7,196 shares of Zions Bancorp stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $53.87, for a total transaction of $387,648.52. The disclosure for this sale can be found here. In the last three months, insiders sold 57,224 shares of company stock valued at $3,156,817. 1.46% of the stock is currently owned by company insiders.
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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.
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