About Zions Bancorp (NASDAQ:ZION)
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
Industry National commercial banks
Trailing P/E Ratio19.31
Forward P/E Ratio14.02
Sales & Book Value
Annual Sales$2.74 billion
Price / Sales3.98
Cash Flow$4.1754 per share
Price / Cash13.23
Book Value$36.01 per share
Price / Book1.53
EPS (Most Recent Fiscal Year)$2.86
Net Income$592 million
Return on Equity10.41%
Return on Assets1.13%
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 Thursday, April 26th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.24 per share on Thursday, May 24th. This represents a $0.96 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 16th. This is an increase from Zions Bancorp's previous quarterly dividend of $0.20. View Zions Bancorp's Dividend History.
How will Zions Bancorp's stock buyback program work?
Zions Bancorp announced that its board has approved a stock buyback plan 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 purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
How were Zions Bancorp's earnings last quarter?
Zions Bancorp (NASDAQ:ZION) released its quarterly earnings data on Monday, April, 23rd. The bank reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.27. The bank had revenue of $680 million for the quarter, compared to the consensus estimate of $666.12 million. Zions Bancorp had a net margin of 24.49% and a return on equity of 10.41%. During the same period last year, the firm posted $0.61 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?
20 equities research analysts have issued 12 month target prices for Zions Bancorp's stock. Their predictions range from $43.00 to $67.00. On average, they anticipate Zions Bancorp's stock price to reach $58.35 in the next year. 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 in the month of May. As of May 31st, there was short interest totalling 26,424,011 shares, an increase of 0.6% from the May 15th total of 26,273,539 shares. Based on an average daily trading volume, of 1,807,448 shares, the short-interest ratio is presently 14.6 days. Currently, 13.6% of the company's shares are sold short.
Who are some of Zions Bancorp's key competitors?
Some companies that are related to Zions Bancorp include BB&T (BBT), SunTrust Banks (STI), DANSKE Bk A/S/S (DNKEY), Standard Chartered (SCBFF), KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), BANCO DO BRASIL/S (BDORY), Huntington Bancshares (HBAN), Comerica (CMA), Cullen/Frost Bankers (CFR), PacWest Bancorp (PACW), BOK Financial (BOKF), Synovus Financial (SNV) and CIT Group (CIT).
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)
Has Zions Bancorp been receiving favorable news coverage?
Media coverage about ZION stock has trended somewhat positive recently, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zions Bancorp earned a news impact score of 0.13 on Accern's scale. They also assigned news headlines about the bank an impact score of 41.45 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Zions Bancorp's major shareholders?
Zions Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.87%), American Century Companies Inc. (3.01%), JPMorgan Chase & Co. (2.73%), Millennium Management LLC (2.45%), Thrivent Financial for Lutherans (2.32%) and Dimensional Fund Advisors LP (1.41%). 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, 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 Millennium Management LLC, American Century Companies Inc., Seizert Capital Partners LLC, Victory Capital Management Inc., Key Square Capital Management LLC, Riverhead Capital Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and SG Americas Securities LLC. 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, Edward Schreiber, Joseph L Reilly, Keith D Maio, Michael Morris, 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 purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., EJF Capital LLC, LSV Asset Management, King Luther Capital Management Corp, The Manufacturers Life Insurance Company, Thrivent Financial for Lutherans, Segall Bryant & Hamill LLC and Schroder Investment Management Group. 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 $55.24.
How big of a company is Zions Bancorp?
Zions Bancorp has a market capitalization of $10.90 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.