Zions Bancorp (NASDAQ:ZION) – FBR & Co reduced their FY2016 earnings per share estimates for Zions Bancorp in a note issued to investors on Tuesday. FBR & Co analyst P. Miller now anticipates that the firm will post earnings per share of $1.81 for the year, down from their prior estimate of $1.82. FBR & Co currently has a “Market Perform” rating and a $32.00 target price on the stock. FBR & Co also issued estimates for Zions Bancorp’s Q4 2016 earnings at $0.50 EPS, Q1 2017 earnings at $0.47 EPS, Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.62 EPS and FY2017 earnings at $2.25 EPS.

Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Zions Bancorp had a return on equity of 5.62% and a net margin of 16.37%. During the same quarter in the prior year, the firm earned $0.41 earnings per share.

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

A number of other research firms have also commented on ZION. Raymond James Financial Inc. lowered Zions Bancorp from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, October 6th. Barclays PLC upped their price target on Zions Bancorp from $31.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank AG upped their price target on Zions Bancorp from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday. Piper Jaffray Cos. lowered Zions Bancorp from an “overweight” rating to a “neutral” rating and upped their price target for the company from $30.00 to $32.00 in a research report on Monday. Finally, Zacks Investment Research upgraded Zions Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $32.60.

Zions Bancorp (NASDAQ:ZION) opened at 30.36 on Thursday. Zions Bancorp has a 12-month low of $19.65 and a 12-month high of $32.15. The company has a market capitalization of $6.23 billion, a P/E ratio of 18.30 and a beta of 1.54. The company’s 50 day moving average price is $30.60 and its 200-day moving average price is $27.64.

In other news, EVP Keith D. Maio sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $27.97, for a total value of $251,730.00. Following the completion of the transaction, the executive vice president now directly owns 44,072 shares of the company’s stock, valued at $1,232,693.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David E. Blackford sold 1,620 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $27.81, for a total value of $45,052.20. Following the completion of the transaction, the insider now directly owns 29,429 shares of the company’s stock, valued at $818,420.49. The disclosure for this sale can be found here. 2.06% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Endeavour Capital Advisors Inc. raised its position in Zions Bancorp by 32.3% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,811,553 shares of the company’s stock valued at $43,858,000 after buying an additional 442,737 shares in the last quarter. Wellington Management Group LLP raised its position in Zions Bancorp by 4.9% in the first quarter. Wellington Management Group LLP now owns 9,115,604 shares of the company’s stock valued at $220,689,000 after buying an additional 429,375 shares in the last quarter. Geode Capital Management LLC raised its position in Zions Bancorp by 1.9% in the first quarter. Geode Capital Management LLC now owns 1,757,949 shares of the company’s stock valued at $42,495,000 after buying an additional 32,076 shares in the last quarter. Artemis Investment Management LLP raised its position in Zions Bancorp by 772.6% in the second quarter. Artemis Investment Management LLP now owns 4,122,053 shares of the company’s stock valued at $103,567,000 after buying an additional 3,649,671 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Zions Bancorp by 42.2% in the first quarter. Riverhead Capital Management LLC now owns 118,032 shares of the company’s stock valued at $2,857,000 after buying an additional 35,046 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Zions Bancorp Company Profile

Zions Bancorporation is a financial holding company. The Company operates through seven segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It focuses on providing community banking services and its core business lines are 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.

5 Day Chart for NASDAQ:ZION

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