Media stories about Zions Bancorp (NASDAQ:ZION) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zions Bancorp earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.5834843990405 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- CCAR 2018 Positions These 6 Banks Well For Year Ahead (seekingalpha.com)
- Nevada State Bank (mynews4.com)
- Liberty House resolution plans for Adhunik Metaliks and Zion Steel get CoC nod (steelguru.com)
- Consensus Rating Focus on Shares of Zions Bancorporation (NASDAQ:ZION) (bucknerbusinessdaily.com)
- Zions Bancorporation (NasdaqGS:ZION) Momentum in Focus as Target Weight For Portfolio Reaches 0.04310 (cedarvillenews.com)
Shares of Zions Bancorp traded up $0.06, hitting $52.44, during mid-day trading on Friday, according to MarketBeat.com. 36,004 shares of the company were exchanged, compared to its average volume of 1,791,069. Zions Bancorp has a 1-year low of $41.22 and a 1-year high of $59.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $10.32 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38.
Several equities research analysts have commented on the stock. BidaskClub raised shares of Zions Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, April 27th. Susquehanna Bancshares set a $54.00 price target on shares of Zions Bancorp and gave the company a “hold” rating in a report on Monday, April 23rd. Raymond James raised shares of Zions Bancorp from a “market perform” rating to an “outperform” rating and set a $61.00 price target on the stock in a report on Thursday, March 15th. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “hold” rating on shares of Zions Bancorp in a research report on Tuesday, April 24th. Finally, Wedbush began coverage on shares of Zions Bancorp in a research report on Monday, May 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $58.29.
In related news, insider David E. Blackford sold 1,024 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $55.51, for a total transaction of $56,842.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Thomas E. Laursen sold 1,400 shares of the company’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $55.17, for a total transaction of $77,238.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,315 shares of company stock valued at $2,803,649. Insiders own 1.60% of the company’s stock.
About Zions Bancorp
Zions Bancorporation, a financial holding company, provides a range of banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; and residential mortgage servicing and lending.
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