$0.54 Earnings Per Share Expected for Zions Bancorp (ZION) This Quarter

Equities research analysts forecast that Zions Bancorp (NASDAQ:ZION) will report $0.54 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Zions Bancorp’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.50. Zions Bancorp posted earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 42.1%. The firm is scheduled to report its next quarterly earnings results after the market closes on Monday, April 24th.

On average, analysts expect that Zions Bancorp will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.60. For the next year, analysts forecast that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.62 to $3.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Zions Bancorp.

Zions Bancorp (NASDAQ:ZION) last released its earnings results on Monday, January 23rd. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.08. The company earned $608.71 million during the quarter, compared to analysts’ expectations of $612.66 million. Zions Bancorp had a return on equity of 6.80% and a net margin of 18.99%. During the same quarter last year, the business posted $0.43 EPS.

ZION has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorp in a report on Wednesday, March 22nd. Goldman Sachs Group Inc increased their price objective on Zions Bancorp to $50.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. JMP Securities initiated coverage on Zions Bancorp in a report on Thursday, February 2nd. They set a “market perform” rating for the company. Compass Point upgraded Zions Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, March 29th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $49.00 price objective on shares of Zions Bancorp in a report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the stock. Zions Bancorp currently has a consensus rating of “Hold” and an average price target of $41.59.

In other news, insider Michael Morris sold 15,429 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $44.71, for a total transaction of $689,830.59. Following the sale, the insider now directly owns 26,429 shares in the company, valued at approximately $1,181,640.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James R. Abbott sold 6,953 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $45.08, for a total value of $313,441.24. Following the sale, the insider now owns 32,216 shares in the company, valued at $1,452,297.28. The disclosure for this sale can be found here. Insiders have sold a total of 72,487 shares of company stock worth $3,147,081 over the last 90 days. Insiders own 2.06% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BRC Investment Management LLC acquired a new stake in Zions Bancorp during the third quarter worth approximately $3,256,000. Rothschild Asset Management Inc. boosted its stake in Zions Bancorp by 10.4% in the third quarter. Rothschild Asset Management Inc. now owns 502,185 shares of the bank’s stock worth $15,578,000 after buying an additional 47,165 shares during the period. Loeb Partners Corp acquired a new stake in Zions Bancorp during the third quarter worth approximately $1,822,000. V Wealth Management LLC purchased a new stake in Zions Bancorp during the third quarter valued at about $1,308,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Zions Bancorp during the third quarter valued at about $1,728,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Zions Bancorp (NASDAQ:ZION) traded down 0.56% on Tuesday, hitting $40.85. The stock had a trading volume of 2,229,658 shares. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 20.53 and a beta of 1.47. Zions Bancorp has a 1-year low of $23.02 and a 1-year high of $48.33. The stock’s 50-day moving average is $42.36 and its 200 day moving average is $40.18.

ILLEGAL ACTIVITY NOTICE: “$0.54 Earnings Per Share Expected for Zions Bancorp (ZION) This Quarter” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/04/21/0-54-earnings-per-share-expected-for-zions-bancorp-zion-this-quarter.html.

About Zions Bancorp

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.

5 Day Chart for NASDAQ:ZION

Get a free copy of the Zacks research report on Zions Bancorp (ZION)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply