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. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services. In addition, the company offers personal banking services to individuals, including home mortgages, bankcards, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, and Internet and mobile banking services. Further, it provides self-directed brokerage services; and small business administration lending and secondary market agricultural real estate mortgage loans; and bond transfer, stock transfer, and escrow services for corporate customers. As of December 31, 2017, the company operated 433 domestic branches. Zions Bancorporation was founded in 1873 and is headquartered in Salt Lake City, Utah.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:ZION
CUSIP98970110
Phone801-844-7637
Debt
Debt-to-Equity Ratio0.05
Current Ratio0.81
Quick Ratio0.81
Price-To-Earnings
Trailing P/E Ratio18.38
Forward P/E Ratio13.34
P/E Growth1.44
Sales & Book Value
Annual Sales$2.74 billion
Price / Sales3.74
Cash Flow$4.1855 per share
Price / Cash12.56
Book Value$36.01 per share
Price / Book1.46
Profitability
EPS (Most Recent Fiscal Year)$2.86
Net Income$592 million
Net Margins25.03%
Return on Equity10.86%
Return on Assets1.17%
Miscellaneous
Employees10,083
Outstanding Shares194,400,000
Market Cap$10.21 billion
Zions Bancorp (NASDAQ:ZION) Frequently Asked Questions
What is Zions Bancorp's stock symbol?
Zions Bancorp trades on the NASDAQ under the ticker symbol "ZION."
How often does Zions Bancorp pay dividends? What is the dividend yield for Zions Bancorp?
Zions Bancorp announced a quarterly dividend on Thursday, July 26th. Stockholders of record on Thursday, August 16th will be paid a dividend of $0.30 per share on Thursday, August 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, August 15th. This is a boost from Zions Bancorp's previous quarterly dividend of $0.24. View Zions Bancorp's Dividend History.
How will Zions Bancorp's stock buyback program work?
Zions Bancorp announced that its board has authorized a stock buyback program on Thursday, June 29th 2017, which permits the company to buyback $465,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
How were Zions Bancorp's earnings last quarter?
Zions Bancorp (NASDAQ:ZION) issued its earnings results on Monday, July, 23rd. The bank reported $0.89 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.92 by $0.03. The bank had revenue of $686 million for the quarter, compared to analyst estimates of $687.26 million. Zions Bancorp had a net margin of 25.03% and a return on equity of 10.86%. During the same quarter in the previous year, the business posted $0.73 earnings per share. View Zions Bancorp's Earnings History.
When is Zions Bancorp's next earnings date?
What price target have analysts set for ZION?
19 brokerages have issued 1 year target prices for Zions Bancorp's shares. Their predictions range from $43.00 to $67.00. On average, they anticipate Zions Bancorp's stock price to reach $58.6842 in the next year. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for Zions Bancorp.
What is the consensus analysts' recommendation for Zions Bancorp?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zions Bancorp in the last year. There are currently 1 sell rating, 7 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Zions Bancorp.
What are Wall Street analysts saying about Zions Bancorp stock?
Here are some recent quotes from research analysts about Zions Bancorp stock:
- 1. According to Zacks Investment Research, "Zions shares have outperformed the industry over the past year. Further, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Consistent growth in loans and deposits along with higher interest rates will likely continue supporting top-line growth. Also, the company has been undertaking efforts to improve operating efficiency. While elevated expense levels and significant exposure toward risky loan portfolios are expected to dent the company's financials, exemption from annual stress tests will provide it financial flexibility to some extent." (7/16/2018)
- 2. FBR & Co analysts commented, "Zions reported 3Q17 EPS of $0.72. Excluding securities gains, we peg core EPS of $0.71, $0.05 below our estimate and $0.02 below consensus. Results were impacted by higher expenses due to hurricane-related activity a ~$0.02 drag on EPS, not including a $34M allocation of the LLR for potential credit costs ($0.10 per share), and lower average loan growth and lower investment securities ($0.03 impact). Positively, EOP loan growth ZION continues at a mid-single digit pace driven by resi, C&I, and municipal growth. Additionally, efficiency and capital returns continue to improve, and credit (including energy credit) continues to be a tailwind. Accordingly, we believe ZION as well positioned to continue to generate double-digit EPS growth over the next several years. Zions trades at an attractive 10% discount to peers on 2018 earnings." (10/24/2017)
Are investors shorting Zions Bancorp?
Zions Bancorp saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 24,524,763 shares, an increase of 2.5% from the August 15th total of 25,146,453 shares. Based on an average daily trading volume, of 1,456,581 shares, the days-to-cover ratio is presently 16.8 days. Approximately 12.6% of the company's shares are short sold. View Zions Bancorp's Current Options Chain.
Who are some of Zions Bancorp's key competitors?
Some companies that are related to Zions Bancorp include BB&T (BBT), SunTrust Banks (STI), Standard Chartered (SCBFF), DANSKE Bk A/S/S (DNKEY), KeyCorp (KEY), Regions Financial (RF), BANCO DO BRASIL/S (BDORY), Shinhan Financial Group (SHG), Huntington Bancshares (HBAN), Comerica (CMA), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Bancorp (PACW), CIT Group (CIT) and First Horizon National (FHN).
Who are Zions Bancorp's key executives?
Zions Bancorp's management team includes the folowing people:
- Mr. Harris Henry Simmons, Chairman & CEO (Age 64)
- Mr. Scott J. McLean, Pres & COO (Age 61)
- Mr. Paul E. Burdiss, Exec. VP & CFO (Age 52)
- Mr. Aldon Scott Anderson, Exec. VP (Age 71)
- Mr. Edward P. Schreiber, Exec. VP & Chief Risk Officer (Age 59)
Who are Zions Bancorp's major shareholders?
Zions Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.70%), American Century Companies Inc. (2.49%), Millennium Management LLC (2.21%), Dimensional Fund Advisors LP (1.41%), TCW Group Inc. (1.37%) and LSV Asset Management (1.26%). Company insiders that own Zions Bancorp stock include Alexander Hume, Bruce K Alexander, David E Blackford, Dianne R James, Edward Schreiber, James R Abbott, Joseph L Reilly, Keith D Maio, Leeanne B Linderman, Mark Richard Young, Michael Morris, Rebecca K Robinson, Roger B Porter, Scott J Mclean, Shelley Thomas Williams, Steven Dan Stephens and Thomas E Laursen. View Institutional Ownership Trends for Zions Bancorp.
Which major investors are selling Zions Bancorp stock?
ZION stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, American Century Companies Inc., Cortland Advisers LLC, Millennium Management LLC, BlackRock Inc., Voya Investment Management LLC, Broadview Advisors LLC and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Zions Bancorp company stock in the last year include Alexander Hume, Bruce K Alexander, David E Blackford, Dianne R James, Joseph L Reilly, Keith D Maio, Leeanne B Linderman, Mark Richard Young, Michael Morris, Rebecca K Robinson, Scott J Mclean, Steven Dan Stephens and Thomas E Laursen. View Insider Buying and Selling for Zions Bancorp.
Which major investors are buying Zions Bancorp stock?
ZION stock was bought by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., LSV Asset Management, Janus Henderson Group PLC, Victory Capital Management Inc., Boston Advisors LLC, Segall Bryant & Hamill LLC, Calamos Advisors LLC and Jupiter Asset Management Ltd.. View Insider Buying and Selling for Zions Bancorp.
How do I buy shares of Zions Bancorp?
Shares of ZION can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Zions Bancorp's stock price today?
One share of ZION stock can currently be purchased for approximately $52.57.
How big of a company is Zions Bancorp?
Zions Bancorp has a market capitalization of $10.21 billion and generates $2.74 billion in revenue each year. The bank earns $592 million in net income (profit) each year or $2.86 on an earnings per share basis. Zions Bancorp employs 10,083 workers across the globe.
What is Zions Bancorp's official website?
How can I contact Zions Bancorp?
Zions Bancorp's mailing address is ONE SOUTH MAIN STREET 15TH FLOOR, SALT LAKE CITY UT, 84133. The bank can be reached via phone at 801-844-7637 or via email at [email protected]
MarketBeat Community Rating for Zions Bancorp (NASDAQ ZION)
MarketBeat's community ratings are surveys of what our community members think about Zions Bancorp and other stocks. Vote "Outperform" if you believe ZION will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ZION will underperform the S&P 500 over the long term. You may vote once every thirty days.
