Zacks: Analysts Expect Zions Bancorp (ZION) to Post $0.83 EPS

Equities analysts forecast that Zions Bancorp (NASDAQ:ZION) will post earnings of $0.83 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Zions Bancorp’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.78. Zions Bancorp reported earnings of $0.61 per share during the same quarter last year, which would suggest a positive year over year growth rate of 36.1%. The firm is expected to issue its next earnings report after the market closes on Monday, April 23rd.

On average, analysts expect that Zions Bancorp will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.46 to $3.99. For the next fiscal year, analysts forecast that the business will report earnings of $4.09 per share, with EPS estimates ranging from $3.71 to $4.63. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Zions Bancorp.

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

Several brokerages have recently commented on ZION. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective on shares of Zions Bancorp in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a $58.00 price objective on shares of Zions Bancorp and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Piper Jaffray reaffirmed a “hold” rating on shares of Zions Bancorp in a research report on Tuesday, March 6th. BidaskClub downgraded shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Zions Bancorp in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.67.

In related news, insider Alexander Hume sold 7,196 shares of Zions Bancorp stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $53.87, for a total value of $387,648.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,250 shares of Zions Bancorp stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total transaction of $67,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 57,224 shares of company stock valued at $3,156,817. 1.46% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZION. Crewe Advisors LLC bought a new position in Zions Bancorp during the 4th quarter valued at $102,000. Delpha Capital Management LLC bought a new position in Zions Bancorp during the 4th quarter valued at $107,000. G&S Capital LLC bought a new position in Zions Bancorp during the 4th quarter valued at $115,000. Tower Research Capital LLC TRC lifted its stake in Zions Bancorp by 1,274.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock valued at $140,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Zions Bancorp by 2,081.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock valued at $152,000 after acquiring an additional 2,872 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Shares of ZION stock opened at $52.08 on Thursday. The company has a market cap of $10,476.18, a PE ratio of 18.21, a P/E/G ratio of 1.56 and a beta of 1.38. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $57.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.88 and a quick ratio of 0.88.

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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.

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

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