Economy

Analysts See $0.73 EPS for Zions Bancorp (ZION)

Zions Bancorp (NASDAQ:ZION) has risen 48.85% since September 29, 2016 and is uptrending. It has outperformed by 32.15% the S&P500. It was reported on Sep, 29 by Barchart.com. We have $50.14 PT which if reached, will make NASDAQ:ZION worth $573.60 million more. Five equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $29.46. Therefore 77% are positive. The firm has "Underperform" rating by Robert W. Baird given on Monday, August 7. FBR Capital has "Mkt Perform" rating and $34 target. The company was maintained on Thursday, August 6 by Nomura. As per Wednesday, August 5, the company rating was upgraded by Sandler O'Neill. Institutional investors and hedge funds own 92.35% of the company's stock. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued. On Tuesday, April 26 the stock rating was maintained by Bernstein with "Outperform". The rating was maintained by JP Morgan with "Neutral" on Wednesday, January 27. The stock of Zions Bancorp (NASDAQ:ZION) has "Sell" rating given on Tuesday, April 26 by UBS. A rating of 3 would signify a consensus Hold recommendation. The company's distance from 52-week high price is -2.88% and current price is 56.10% away from 52-week low price. They expect $0.73 EPS, up 28.07% or $0.16 from last year's $0.57 per share. ZION's profit will be $147.60 million for 15.96 P/E if the $0.73 EPS becomes a reality. After having $0.73 EPS previously, Zions Bancorp's analysts see 0.00% EPS growth. Standard Life Invs Limited holds 0.29% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 1.93M shares. Therefore 46% are positive. Sanford C. Bernstein restated a "market perform" rating and set a $51.00 target price on shares of Zions Bancorporation in a report on Saturday, September 16th.

More notable recent Zions Bancorp (NASDAQ:ZION) news were published by: Seekingalpha.com which released: "Zions Bancorp (ZION) Presents at Barclays Global Financial Service Broker ..." on September 13, 2017, also Nasdaq.com with their article: "Agree To Purchase Zions Bancorporation At $37, Earn 6.1% Using Options" published on September 18, 2017, Prnewswire.com published: "Zions Bancorporation Women Featured As "Top Team" In American Banker Magazine ..." on September 26, 2017. On Tuesday, September 13 the stock rating was maintained by Raymond James with "Buy". The rating was maintained by RBC Capital Markets on Thursday, September 7 with "Buy". Finally, Creative Planning increased its position in shares of Zions Bancorporation by 2.0% during the 2nd quarter. On Tuesday, November 22 the stock rating was downgraded by Macquarie Research to "Neutral". Jefferies has "Buy" rating and $95 target.

In the market the company is trading unchanged from yesterday's close of 30.15. BidaskClub cut Zions Bancorporation from a "buy" rating to a "hold" rating in a report on Wednesday, July 19th. It tells an investor how quickly a company is increasing its revenues. Its down 0.07, from 1.07 in 2017Q1. Harbour Capital Advisors LLC increased its stake in shares of Zions Bancorporation by 4,471.9% in the second quarter. BlackRock Inc. raised its stake in Zions Bancorporation by 4,464.8% during the first quarter.

Denny's Corporation (DENN) climbed 0.24% and its total traded volume was 0.32 million shares contrast to the average volume of 0.3 million shares. Panagora Asset Mngmt holds 0.12% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 703,509 shares. Hbk Sorce Advisory Ltd Co holds 0.06% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 8,920 shares. Georgia-based Suntrust Banks has invested 0% in Zions Bancorp (NASDAQ:ZION). Cypress Cap Mgmt Ltd holds 0.06% or 1,910 shares in its portfolio. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since September 28, 2016 and is uptrending. Kentucky Retirement holds 12,989 shares. Pinebridge Investments Limited Partnership invested in 107,059 shares or 0.12% of the stock. Cantab Cap Llp holds 0% or 17,456 shares.

Guinness Asset Management Ltd increased Nike Inc (NKE) stake by 25.24% reported in 2017Q2 SEC filing. Utah Retirement holds 36,680 shares. Bank of Nova Scotia now owns 97,273 shares of the bank's stock worth $4,085,000 after purchasing an additional 31,673 shares during the last quarter.

ZION has been the topic of several other research reports. Douglass Winthrop Advisors Ltd Liability reported 621,313 shares.

Since May 8, 2017, it had 0 insider buys, and 8 sales for $2.79 million activity. Shares for $1.19 million were sold by Linderman LeeAnne B. Thanks to a rise of nearly 3.84% in the past five days, the stock price is now up 45.91% so far on the year - still in strong territory. Tocqueville Asset Management L.P. now owns 8,675 shares of the bank's stock worth $381,000 after purchasing an additional 688 shares during the last quarter. Also, insider David E. Blackford sold 9,533 shares of the stock in a transaction that occurred on Friday, July 28th.



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