About Zions Bancorp (NASDAQ:ZION)
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. It focuses on providing community banking services through its business lines, including 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; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities. It provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.
Industry, Sector and Symbol
Industry National commercial banks
Trailing P/E Ratio18.47
Forward P/E Ratio14.44
Sales & Book Value
Annual Sales$2.74 billion
Price / Sales3.83
Cash Flow$4.2899 per share
Price / Cash12.42
Book Value$36.01 per share
Price / Book1.48
EPS (Most Recent Fiscal Year)$2.86
Net Income$592 million
Return on Equity9.04%
Return on Assets0.98%
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 declared a quarterly dividend on Friday, January 26th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.20 per share on Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Zions Bancorp's previous quarterly dividend of $0.16. View Zions Bancorp's Dividend History.
How will Zions Bancorp's stock buyback program work?
Zions Bancorp announced that its Board of Directors has approved a share repurchase program on Thursday, June 29th 2017, which authorizes the company to buyback $465,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
How were Zions Bancorp's earnings last quarter?
Zions Bancorp (NASDAQ:ZION) released its earnings results on Monday, January, 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.73 by $0.07. The bank had revenue of $665 million for the quarter, compared to analyst estimates of $670.55 million. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. During the same period last year, the company posted $0.60 EPS. View Zions Bancorp's Earnings History.
When is Zions Bancorp's next earnings date?
What price target have analysts set for ZION?
20 Wall Street analysts have issued 12 month price objectives 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 $56.65 in the next twelve months. 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 six months. The performance was supported by the company’s impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s fourth-quarter 2017 results benefited from improvement in revenues, partly offset by higher adjusted non-interest expenses. The company has been witnessing consistent growth in loans and deposits along with easing margin pressure. Also, its initiatives to manage expenses have been successful. This along with lower corporate tax rates are expected to support bottom-line growth. However, increased exposure toward risky loan portfolios is expected to hamper the company's financials. Also, geographical concentration might pose a risk for the company in the near term." (2/13/2018)
- 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 March. As of March 29th, there was short interest totalling 25,351,417 shares, an increase of 1.3% from the March 15th total of 25,683,330 shares. Based on an average trading volume of 2,669,245 shares, the days-to-cover ratio is currently 9.5 days. Approximately 13.1% of the company's stock are sold short.
Who are some of Zions Bancorp's key competitors?
Some companies that are related to Zions Bancorp include Shinhan Financial Group (SHG), Regions Financial (RF), KeyCorp (KEY), Comerica (CMA), Huntington Bancshares (HBAN), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Bancorp (PACW), First Horizon National (FHN), Synovus (SNV), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), FNB (FNB), Valley National Bank (VLY), TCF Financial (TCF) and UMB Financial (UMBF).
Who are Zions Bancorp's key executives?
Zions Bancorp's management team includes the folowing people:
- Harris Henry Simmons, Chairman of the Board, Chief Executive Officer (Age 62)
- Scott J. McLean, President, Chief Operating Officer, Executive Vice President (Age 60)
- Paul E. Burdiss, Chief Financial Officer, Executive Vice President (Age 51)
- Dianne R. James, Chief Human Resource Officer, Executive Vice President (Age 63)
- Jennifer Smith, Executive Vice President, Chief Information Officer (Age 44)
- Edward P. Schreiber, Executive Vice President, Chief Risk Officer (Age 58)
- Thomas E. Laursen, Executive Vice President, General Counsel, Secretary (Age 65)
- Bruce K. Alexander, Executive Vice President; Chairman, President and Chief Executive Officer of Vectra Bank Colorado (Age 64)
- Aldon Scott Anderson, Executive Vice President; President, Chief Executive Officer of Zions First National Bank (Age 70)
- David E. Blackford, Executive Vice President; Chairman, President, Chief Executive Officer of California Bank & Trust (Age 68)
Has Zions Bancorp been receiving favorable news coverage?
Press coverage about ZION stock has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zions Bancorp earned a news impact score of 0.13 on Accern's scale. They also gave news coverage about the bank an impact score of 45.07 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $52.88.
How big of a company is Zions Bancorp?
Zions Bancorp has a market capitalization of $10.20 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.
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 (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.
Zions Bancorp (NASDAQ:ZION) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
20 Wall Street analysts have issued ratings and price targets for Zions Bancorp in the last 12 months. Their average twelve-month price target is $56.65, suggesting that the stock has a possible upside of 6.33%. The high price target for ZION is $67.00 and the low price target for ZION is $43.00. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.65||2.67||2.56||2.45|
|Ratings Breakdown: ||1 Sell Rating(s)|
5 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
5 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
10 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$56.65||$56.1053||$51.8125||$46.80|
|Price Target Upside: ||6.33% upside||2.76% upside||2.36% upside||1.02% downside|
Zions Bancorp (NASDAQ:ZION) Consensus Price Target History
Zions Bancorp (NASDAQ:ZION) Analyst Ratings History
(Data available from 4/19/2016 forward)
Zions Bancorp (NASDAQ:ZION) Dividend Information
Zions Bancorp pays an annual dividend of $0.80 per share, with a dividend yield of 1.50%. ZION's most recent quarterly dividend payment was Thursday, February 22. Zions Bancorp pays out 27.97% of its earnings out as a dividend.
|Most Recent Dividend:||2/22/2018|
|Payout Ratio:||27.97% (Trailing 12 Months of Earnings) |
21.68% (Based on This Year's Estimates)
19.56% (Based on Next Year's Estimates)
Zions Bancorp (NASDAQ:ZION) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Zions Bancorp (NASDAQ ZION) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.46%
Institutional Ownership Percentage: 94.74%
Zions Bancorp (NASDAQ ZION) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/26/2018||Scott J Mclean||President||Sell||31,309||$56.15||$1,758,000.35|| |
|2/26/2018||Steven Dan Stephens||Insider||Sell||7,100||$54.87||$389,577.00|| |
|2/20/2018||Bruce K Alexander||Insider||Sell||4,754||$54.81||$260,566.74|| |
|2/14/2018||Dianne R James||Insider||Sell||1,500||$54.25||$81,375.00|| |
|2/12/2018||David E Blackford||Insider||Sell||4,115||$51.47||$211,799.05|| |
|1/31/2018||Alexander Hume||Insider||Sell||7,196||$53.87||$387,648.52|| |
|1/31/2018||Thomas E Laursen||General Counsel||Sell||1,250||$54.28||$67,850.00|| |
|11/28/2017||Bruce K Alexander||Insider||Sell||6,089||$47.97||$292,089.33|| |
|11/27/2017||Thomas E Laursen||General Counsel||Sell||1,600||$46.55||$74,480.00|| |
|11/22/2017||Joseph L Reilly||Insider||Sell||23,271||$46.70||$1,086,755.70|| |
|11/22/2017||Keith D Maio||EVP||Sell||13,019||$46.44||$604,602.36|| |
|8/22/2017||Roger B Porter||Director||Buy||1,616||$43.99||$71,087.84||42,001|| |
|8/16/2017||Dianne R James||Insider||Sell||2,000||$45.60||$91,200.00||19,866|| |
|8/15/2017||Dianne R James||Insider||Sell||1,585||$45.22||$71,673.70||21,866|| |
|8/14/2017||Edward Schreiber||Insider||Sell||13,000||$44.98||$584,740.00||51,517|| |
|8/4/2017||Thomas E Laursen||General Counsel||Sell||1,000||$46.38||$46,380.00||23,484|| |
|7/28/2017||David E Blackford||Insider||Sell||9,533||$44.94||$428,413.02||22,997|| |
|5/31/2017||David E Blackford||Insider||Sell||2,090||$39.61||$82,784.90||23,578|| |
|5/23/2017||David E Blackford||Insider||Sell||1,242||$40.73||$50,586.66||28,696|| |
|5/22/2017||Joseph L Reilly||Insider||Sell||11,972||$40.24||$481,753.28||67,791|| |
|5/15/2017||David E Blackford||Insider||Sell||942||$40.44||$38,094.48||29,415|| |
|5/8/2017||Leeanne B Linderman||Insider||Sell||29,078||$41.00||$1,192,198.00||15,746|| |
|5/8/2017||Thomas E Laursen||General Counsel||Sell||860||$41.16||$35,397.60||25,901|| |
|2/27/2017||James R Abbott||Insider||Sell||6,953||$45.08||$313,441.24||32,216|| |
|2/16/2017||Michael Morris||Insider||Sell||15,429||$44.71||$689,830.59||26,429|| |
|1/30/2017||Shelley Thomas Williams||Director||Sell||26,127||$42.05||$1,098,640.35||25,127|| |
|1/26/2017||David E Blackford||Insider||Sell||1,614||$43.15||$69,644.10||26,166|| |
|1/26/2017||Keith D Maio||EVP||Sell||20,624||$43.66||$900,443.84||52,735|| |
|1/26/2017||Thomas E Laursen||General Counsel||Sell||1,740||$43.15||$75,081.00||23,707|| |
|11/30/2016||Dianne R James||Insider||Sell||630||$39.82||$25,086.60||17,854|| |
|11/29/2016||David E Blackford||Insider||Sell||26,322||$38.53||$1,014,186.66||40,340|| |
|11/21/2016||Dianne R James||Insider||Sell||4,259||$38.24||$162,864.16||22,043|| |
|11/18/2016||Bruce K Alexander||Insider||Sell||18,608||$38.35||$713,616.80||22,403|| |
|11/15/2016||Alexander Hume||Insider||Sell||11,571||$38.53||$445,830.63||8,270|| |
|11/10/2016||Michael Morris||Insider||Sell||18,200||$36.61||$666,302.00||22,883|| |
|11/8/2016||Michael Morris||Insider||Sell||18,000||$32.40||$583,200.00||23,323|| |
|11/7/2016||Mark Richard Young||Insider||Sell||19,893||$32.27||$641,947.11||27,156|| |
|10/27/2016||Thomas E Laursen||General Counsel||Sell||10,000||$32.26||$322,600.00||29,737|| |
|8/17/2016||Mark Richard Young||Insider||Sell||65,000||$20.72||$1,346,800.00||56,245|| |
|7/29/2016||David E Blackford||Insider||Sell||1,620||$27.81||$45,052.20||29,429|| |
|7/29/2016||Keith D Maio||EVP||Sell||9,000||$27.97||$251,730.00||44,072|| |
|5/27/2016||A Scott Anderson||Insider||Sell||5,000||$27.92||$139,600.00||62,130|| |
|5/27/2016||Michael Morris||EVP||Sell||8,634||$27.87||$240,629.58||26,409|| |
|5/26/2016||David E Blackford||Insider||Sell||3,981||$28.00||$111,468.00||32,570|| |
|5/25/2016||Thomas E Laursen||General Counsel||Sell||3,500||$28.47||$99,645.00||36,852|| |
|5/20/2016||Steven Dan Stephens||Insider||Sell||10,000||$27.09||$270,900.00||93,756|| |
|5/17/2016||Dallas E Haun||Insider||Sell||4,500||$26.40||$118,800.00||24,564|| |
|5/5/2016||Dallas E Haun||Insider||Sell||2,500||$25.79||$64,475.00||28,464|| |
|4/28/2016||David E Blackford||Insider||Sell||4,000||$27.77||$111,080.00||37,725|| |
|4/28/2016||Edward F Murphy||Director||Buy||3,200||$27.77||$88,864.00||7,935|| |
|4/28/2016||Julie G Castle||EVP||Sell||10,171||$27.67||$281,431.57||4,284|| |
|2/26/2016||Dianne R James||EVP||Sell||6,947||$21.71||$150,819.37||20,425|| |
|2/8/2016||Stephen D Quinn||Director||Buy||100,000||$21.81||$2,181,000.00||106,884|| |
|2/3/2016||Julie G Castle||EVP||Sell||6,298||$21.31||$134,210.38|| |
|1/29/2016||Harris H. Simmons||CEO||Buy||50,000||$22.67||$1,133,500.00||1,217,740|| |
|1/28/2016||Paul E. Burdiss||CFO||Buy||25,000||$22.16||$554,000.00||60,855|| |
|1/21/2016||W David Hemingway||VP||Sell||19,186||$21.33||$409,237.38|| |
|11/30/2015||Alexander Hume||SVP||Sell||7,644||$29.87||$228,326.28||2,375|| |
|11/25/2015||Mark Richard Young||Insider||Sell||2,004||$30.10||$60,320.40||10,854|| |
|11/23/2015||Thomas E Laursen||General Counsel||Sell||1,000||$30.08||$30,080.00||35,772|| |
|8/28/2015||A Scott Anderson||insider||Sell||5,000||$28.61||$143,050.00||58,141|| |
|7/23/2015||Dallas E Haun||Insider||Sell||20,200||$32.14||$649,228.00|| |
|7/23/2015||Doyle L Arnold||CFO||Sell||10,300||$31.69||$326,407.00|| |
|7/23/2015||Julie G Castle||EVP||Sell||2,397||$31.74||$76,080.78|| |
|7/23/2015||Scott J Mclean||CEO||Sell||17,766||$31.99||$568,334.34|| |
|2/26/2015||Dallas E Haun||Insider||Sell||8,500||$26.37||$224,145.00|| |
|2/3/2015||David E Blackford||Insider||Sell||3,000||$25.34||$76,020.00|| |
|11/28/2014||Alexander Hume||SVP||Sell||13,458||$28.15||$378,842.70|| |
|11/7/2014||Thomas E Laursen||General Counsel||Sell||1,400||$29.68||$41,552.00|| |
|11/6/2014||Julie G Castle||EVP||Sell||5,858||$29.65||$173,689.70|| |
|10/29/2014||A Scott Anderson||Insider||Sell||4,000||$28.28||$113,120.00|| |
|10/23/2014||David E Blackford||Insider||Sell||3,325||$27.62||$91,836.50|| |
|10/23/2014||Michael Morris||EVP||Sell||4,949||$27.30||$135,107.70|| |
|5/29/2014||Thomas E Laursen||VP||Sell||1,000||$28.54||$28,540.00|| |
|2/10/2014||Dallas Haun||Insider||Sell||4,000||$29.38||$117,520.00||24,168|| |
|2/7/2014||Keith Maio||EVP||Sell||8,000||$29.09||$232,720.00||34,085|| |
|2/3/2014||Dallas Haun||Insider||Sell||5,000||$28.06||$140,300.00||28,168|| |
|1/30/2014||David Blackford||Insider||Sell||6,985||$29.35||$205,009.75||35,257|| |
|11/25/2013||W David Hemingway||VP||Sell||4,224||$29.68||$125,368.32||126,975|| |
|11/6/2013||A Scott Anderson||VP||Sell||6,000||$28.70||$172,200.00||64,643|| |
|8/14/2013||David Blackford||Insider||Sell||1,029||$29.27||$30,118.83||46,623|| |
|8/1/2013||Bruce K Alexander||VP||Sell||5,000||$30.24||$151,200.00|| |
|7/26/2013||Julie G Castle||EVP||Sell||13,654||$29.40||$401,427.60|| |
|7/25/2013||David E Blackford||Insider||Sell||4,700||$29.75||$139,825.00|| |
|5/30/2013||Dallas E Haun||Insider||Sell||10,000||$28.40||$284,000.00|| |
|5/22/2013||J David Heaney||Director||Sell||7,526||$27.30||$205,459.80|| |
|5/15/2013||J David Heaney||Director||Sell||33,664||$26.96||$907,581.44|| |
|10/31/2012||George Feiger||EVP||Buy||1,700||$21.15||$35,955.00|| |
Zions Bancorp (NASDAQ ZION) News Headlines
Zions Bancorp (NASDAQ:ZION) SEC Filings
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Zions Bancorp (NASDAQ:ZION) Income Statement, Balance Sheet and Cash Flow Statement
Zions Bancorp (NASDAQ ZION) Stock Chart for Thursday, April, 19, 2018