Zions Bancorporation (NASDAQ:ZION) had declared a cash dividend of $0.0800 on Jul 22, 2016. The shares will quote ex-dividend on Aug 16, 2016 and the record date has been fixed for Aug 18, 2016. On Jul 22, 2016 share price, the yield comes out to be 1.2308%. The dividend payable date has been fixed on Aug 25, 2016.
In a different note, On Jul 7, 2016, Piper Jaffray said it Upgrades its rating on Zions Bancorporation. The shares have been rated ‘Overweight’ by the firm. On Jun 7, 2016, Susquehanna said it Upgrades its rating on Zions Bancorporation. The shares have been rated ‘Positive’ by the firm. On May 9, 2016, Raymond James said it Upgrades its rating on Zions Bancorporation. The shares have been rated ‘Strong Buy’ by the firm. On Apr 26, 2016, Evercore ISI Group said it Downgrades its rating on Zions Bancorporation. The shares have been rated ‘Hold’ by the firm. On Apr 26, 2016, Credit Suisse said it Maintains its rating on Zions Bancorporation. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 26, 2016, Bernstein said it Maintains its rating on Zions Bancorporation. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Outperform’ by the firm.
Zions Bancorporation (ZION) made into the market gainers list on Thursdays trading session with the shares advancing 0.57% or 0.16 points. Due to strong positive momentum, the stock ended at $28.14, which is also near the day’s high of $28.38. The stock began the session at $27.88 and the volume stood at 47,81,202 shares. The 52-week high of the shares is $31.64 and the 52 week low is $19.65. The company has a current market capitalization of $5,758 M and it has 20,46,23,500 shares in outstanding.
Zions Bancorporation(ZION) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $569.60M. Analysts had an estimated revenue of $576.49M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.39.
Several Insider Transactions has been reported to the SEC. On May 31, 2016, A Scott Anderson (Exec VP and) sold 5,000 shares at $27.92 per share price.Also, On May 31, 2016, Michael Morris (Executive Vice President) sold 8,634 shares at $27.88 per share price.On May 27, 2016, David E Blackford (Exec Vice President) sold 3,981 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014. The Company provides banking and related services through its banking and other subsidiaries primarily in Arizona California Colorado Idaho Nevada New Mexico Oregon Texas Utah Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of 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.