Zions Bancorp (NASDAQ:ZION) has been downgraded to Neutral in a statement by Piper Jaffray Cos. earlier today.
- Updated: October 10, 2016
Piper Jaffray Cos. has downgraded Zions Bancorp (NASDAQ:ZION) to Neutral in a statement released on 10/10/2016.
Having a price of $31.73, Zions Bancorp (NASDAQ:ZION) traded 1.07% higher on the day. With the last stock price up 16.70% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ZION has recorded a 50-day average of $30.39 and a two hundred day average of $27.48. Trade Volume was down over the average, with 545,198 shares of ZION changing hands under the typical 2,961,520
Recent Performance Chart
Zions Bancorp has price-earnings ratio of 19.33 with a one year low of $19.65 and a 52 week high of $32.15 and has a market capitalization of $0.
In addition to Piper Jaffray Cos. reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is $29.46 with 5 brokers rating the stock a strong buy, 11 brokers rating the stock a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Zions Bancorp (NASDAQ:ZION)
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. It also provides personal banking services, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit, safe deposit facilities, direct deposit, and Internet and mobile banking.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.