Positive Press Coverage Somewhat Unlikely to Impact Zions Bancorp (NASDAQ:ZION) Share Price

Media coverage about Zions Bancorp (NASDAQ:ZION) has trended positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Zions Bancorp earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the bank an impact score of 44.9076183056317 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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A number of research firms have recently weighed in on ZION. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a research note on Friday, December 22nd. Morgan Stanley increased their price target on Zions Bancorp from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $49.00 price objective on shares of Zions Bancorp in a research note on Tuesday, January 9th. BidaskClub cut shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Zions Bancorp in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Zions Bancorp presently has a consensus rating of “Buy” and a consensus target price of $56.15.

Shares of Zions Bancorp stock traded down $0.81 on Thursday, reaching $54.29. 193,709 shares of the company’s stock were exchanged, compared to its average volume of 2,472,197. Zions Bancorp has a twelve month low of $38.43 and a twelve month high of $57.29. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10,768.98, a PE ratio of 21.19, a PEG ratio of 1.60 and a beta of 1.37.

Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $665.00 million during the quarter, compared to analyst estimates of $670.55 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. sell-side analysts forecast that Zions Bancorp will post 3.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a $0.20 dividend. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, February 14th. This represents a $0.80 annualized dividend and a yield of 1.47%. Zions Bancorp’s dividend payout ratio is currently 30.77%.

In related news, General Counsel Thomas E. Laursen sold 1,250 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total value of $67,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David E. Blackford sold 4,115 shares of Zions Bancorp stock in a transaction on Monday, February 12th. The shares were sold at an average price of $51.47, for a total transaction of $211,799.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,224 shares of company stock valued at $3,156,817. 1.46% of the stock is owned by corporate 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.

Insider Buying and Selling by Quarter for Zions Bancorp (NASDAQ:ZION)

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