Zions Bancorporation (NASDAQ:ZION) Receives Daily Media Impact Score of 0.15
Media coverage about Zions Bancorporation (NASDAQ:ZION) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zions Bancorporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.8156041676799 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Analysts focus on Buy position: Zions Bancorporation (ZION) – Street Observer (press release) (streetobserver.com)
- Zions Bancorp Set to Possibly Rebound After Yesterday’s Selloff of 1.18% (mysmartrend.com)
- Zions Bancorporation (ZION) Now Covered by Analysts at Wells Fargo & Company (americanbankingnews.com)
- Zions Bancorporation – Warrants (NASDAQ:ZIONZ) Experiences … – Highlight Press (highlightpress.com)
- Chief data officers are moving from defense to offense (bloomberg.com)
ZION has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and set a $43.00 target price on shares of Zions Bancorporation in a research report on Friday, May 19th. Keefe, Bruyette & Woods set a $44.00 target price on Zions Bancorporation and gave the stock a “hold” rating in a research report on Monday, April 17th. Deutsche Bank AG upgraded Zions Bancorporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $46.00 in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) downgraded Zions Bancorporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $48.00 to $44.00 in a research report on Wednesday, May 24th. Finally, Barclays PLC raised their target price on Zions Bancorporation from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.04.
Zions Bancorporation (NASDAQ ZION) traded down 0.74% during midday trading on Friday, hitting $44.11. The stock had a trading volume of 1,898,145 shares. The company has a 50-day moving average of $44.52 and a 200-day moving average of $42.76. Zions Bancorporation has a 1-year low of $28.08 and a 1-year high of $48.33. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 17.56 and a beta of 1.44.
Zions Bancorporation (NASDAQ:ZION) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.11. The firm had revenue of $660 million during the quarter, compared to analyst estimates of $640.34 million. Zions Bancorporation had a net margin of 21.97% and a return on equity of 8.14%. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts forecast that Zions Bancorporation will post $2.82 EPS for the current year.
Zions Bancorporation declared that its board has approved a share repurchase plan on Wednesday, June 28th that permits the company to buyback $465.00 million in shares. This buyback authorization permits the bank to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.12 per share. This is a positive change from Zions Bancorporation’s previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, August 15th. Zions Bancorporation’s payout ratio is 12.75%.
In other news, General Counsel Thomas E. Laursen sold 1,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.38, for a total transaction of $46,380.00. Following the completion of the transaction, the general counsel now directly owns 23,484 shares in the company, valued at approximately $1,089,187.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David E. Blackford sold 9,533 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $44.94, for a total transaction of $428,413.02. Following the transaction, the insider now owns 22,997 shares of the company’s stock, valued at $1,033,485.18. The disclosure for this sale can be found here. Insiders have sold a total of 26,779 shares of company stock valued at $1,128,012 over the last 90 days. Company insiders own 1.46% of the company’s stock.
About Zions Bancorporation
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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