Equities Analysts Offer Predictions for Zions Bancorp’s Q1 2018 Earnings (ZION)

Zions Bancorp (NASDAQ:ZION) – Research analysts at Piper Jaffray upped their Q1 2018 EPS estimates for shares of Zions Bancorp in a report released on Friday, April 6th. Piper Jaffray analyst K. Barker now forecasts that the bank will post earnings per share of $0.78 for the quarter, up from their previous estimate of $0.74. Piper Jaffray currently has a “Hold” rating on the stock. Piper Jaffray also issued estimates for Zions Bancorp’s FY2018 earnings at $3.46 EPS.

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Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The company had revenue of $665.00 million during the quarter, compared to analyst estimates of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same period last year, the business earned $0.60 EPS.

Other research analysts have also issued reports about the stock. B. Riley reissued a “buy” rating and set a $60.00 price objective on shares of Zions Bancorp in a report on Tuesday, January 23rd. Raymond James Financial raised shares of Zions Bancorp from a “market perform” rating to an “outperform” rating and set a $61.00 price objective for the company in a report on Thursday, March 15th. They noted that the move was a valuation call. DA Davidson reissued a “buy” rating and set a $62.00 price objective on shares of Zions Bancorp in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Zions Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, UBS raised shares of Zions Bancorp from a “market perform” rating to an “outperform” rating in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. Zions Bancorp has an average rating of “Buy” and an average price target of $56.67.

Shares of ZION stock opened at $51.44 on Monday. The firm has a market cap of $10,108.68, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.50 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $57.29.

In other Zions Bancorp news, insider Steven Dan Stephens sold 7,100 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $54.87, for a total transaction of $389,577.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Scott J. Mclean sold 31,309 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $56.15, for a total transaction of $1,758,000.35. The disclosure for this sale can be found here. Insiders have sold a total of 57,224 shares of company stock valued at $3,156,817 over the last three months. 1.46% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. HWG Holdings LP acquired a new position in Zions Bancorp during the 4th quarter valued at about $1,656,000. Stansberry Asset Management LLC acquired a new position in Zions Bancorp during the 4th quarter valued at about $2,946,000. Rhumbline Advisers boosted its stake in Zions Bancorp by 1.1% during the 4th quarter. Rhumbline Advisers now owns 364,084 shares of the bank’s stock valued at $18,506,000 after purchasing an additional 3,973 shares during the period. Financial Counselors Inc. boosted its stake in Zions Bancorp by 9.0% during the 4th quarter. Financial Counselors Inc. now owns 52,305 shares of the bank’s stock valued at $2,659,000 after purchasing an additional 4,332 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Zions Bancorp by 30.4% during the 4th quarter. Macquarie Group Ltd. now owns 260,031 shares of the bank’s stock valued at $13,217,000 after purchasing an additional 60,578 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Zions Bancorp (NASDAQ:ZION)

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