Current price places the company’s stock 14.02% away from its 200-day simple moving average, 5.73%, away from the 50-day average and also 1.29% away from 20-day average. Shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 32 from a previous price target of $36.FIG Partners Initiated Zions Bancorporation on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $29.Piper Jaffray Upgraded Zions Bancorporation on Jul 7, 2016 to ” Overweight”, Price Target of the shares are set at $29.
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05/12/2016 – Zions Bancorporation had its “neutral” rating reiterated by analysts at Compass Point.
12/28/2015 – Zions Bancorporation had its “hold” rating reiterated by analysts at Deutsche Bank. These ratios are important while doing valuation of the company or the shares of the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock.
Zions Bancorporation’s (ZION) stock price showed strong performance of 1.27% in last seven days, switched up 5.49% in last thirty days and it rose 9.59% in last one year.
In other news, insider Mark Richard Young sold 65,000 shares of the business’s stock in a transaction dated Wednesday, August 17th.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. About 1.80M shares traded hands. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The number of shares now owned by investors are 202.46 mln. The disclosure for this sale can be found here. MAI Capital Management raised its stake in shares of Zions Bancorp by 0.3% in the second quarter. AXA bought a new stake in Zions Bancorp during the first quarter worth $12,558,000.
06/29/2016 – Zions Bancorporation was downgraded to “underperform” by analysts at Bank of America Merrill Lynch. During that time period, shares are up 2.12% which has provided some nice profits for investors who may be looking to take advantage of the recent gains.
Having a price of $30.97, Zions Bancorp (NASDAQ:ZION) traded 1.31% higher on the day. The share price is now at 4.87% for the past six months. The company has a market cap of $6.15 billion. Post opening the session at $30.75, the shares hit an intraday low of $30.23 and an intraday high of $30.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. The company’s 50-day moving average is $28.25 and its 200 day moving average is $26.24.
Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03.
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In an overview of the current analyst recommendations, Buy count is 3 and Overweight is 4 while the number of analysts recommending Sell and Underweight are 1 and 1, respectively. This is a boost from Zions Bancorp’s previous quarterly dividend of $0.06. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014.
