Zions Bancorporation (ZION)

Symbol Overview

ZIONhttp://www.nasdaq.com/symbol/zionFinancen/aMajor Banks

Latest Zions Bancorporation (ZION) company news

California Bank & Trust Solidifies Position As "Best Bank" In San Diego With Seventh Consecutive Annual Win

" data-reactid="11">California Bank & Trust also named "Best Commercial Bank" for fourth consecutive year in San Diego Union-Tribune's annual Readers Poll

SAN DIEGO, Sept. 20, 2017 /PRNewswire/ -- For the seventh consecutive year, readers of The San Diego Union-Tribune have voted California Bank & Trust (CB&T) as the region's "Best Bank." The voting public also chose CB&T as the "Best Commercial Bank" for the fourth year in a row." data-reactid="12">SAN DIEGO, Sept. 20, 2017 /PRNewswire/ -- For the seventh consecutive year, readers of The San Diego Union-Tribune have voted California Bank & Trust (CB&T) as the region's "Best Bank." The voting public also chose CB&T as the "Best Commercial Bank" for the fourth year in a row.

Eric Ellingsen, president and chief operating officer of CB&T. "I am delighted that our customers continue to recognize California Bank & Trust's unique approach of building deep relationships and providing the financial solutions that best meet their needs."" data-reactid="13">"Being named Best Bank and Best Commercial Bank once again by San Diegans is a matter of great pride for all of us at California Bank & Trust," said Eric Ellingsen, president and chief operating officer of CB&T. "I am delighted that our customers continue to recognize California Bank & Trust's unique approach of building deep relationships and providing the financial solutions that best meet their needs."

San Diego's Best" Union-Tribune Readers Poll offers the opportunity to vote for outstanding businesses, products and services. The highly coveted "best of the best" award is seen as a key endorsement from the residents of San Diego County." data-reactid="14">The annual "San Diego's Best" Union-Tribune Readers Poll offers the opportunity to vote for outstanding businesses, products and services. The highly coveted "best of the best" award is seen as a key endorsement from the residents of San Diego County.

"I am thankful to our knowledgeable bankers for this honor," Ellingsen continued. "They work hard every single day to listen, understand our customers' needs and deliver great, personalized service. Our bankers' expertise and dedication, combined with our best-of-class products, enable us to offer superior financial solutions and responsive service."

For more than 60 years, CB&T has helped generations of Californians achieve their hopes and dreams by giving them access to experienced, professional bankers specializing in personal banking, small business banking, business loans, commercial banking, international banking, real estate financing, wealth management and more.

$65 billion. CB&T retains the ability to make local decisions while leveraging the financial stability, knowledge and services of Zions, including global banking capabilities." data-reactid="17">CB&T is part of Zions Bancorporation, one of the nation's premier financial services companies with total assets exceeding $65 billion. CB&T retains the ability to make local decisions while leveraging the financial stability, knowledge and services of Zions, including global banking capabilities.

Media Please Note

Eric Ellingsen or to request images, please contact Sean Dowdall at Landis Communications Inc. (415-359-2313; [email protected])." data-reactid="19">For further details about California Bank & Trust, to schedule an interview with Eric Ellingsen or to request images, please contact Sean Dowdall at Landis Communications Inc. (415-359-2313; [email protected]).

About California Bank & Trust

ZION), has more than $11 billion in assets, nearly 100 branches statewide and is a leader among California banks for service levels and product selection. CB&T provides a full array of financial solutions for businesses and individuals, including commercial bankingbusiness banking, small business lending, treasury management, international banking and wealth management. The professional bankers at CB&T are backed by major resources, yet maintain local decision-making authority and regional market and industry expertise. The company is committed to providing clients with valuable business and economic insights and connecting them with the beneficial business relationships they need to succeed. Since 2002, CB&T has been rated by the FDIC as "outstanding" for its Community Reinvestment Act activities. As part of Zions Bancorporation, CB&T maintains its historical Middle-Market National Distinction in Overall Customer Satisfaction, Likelihood to Recommend as a banking partner and Cash Management Overall Customer Satisfaction and Cash Management Customer Service with the Greenwich Excellence Awards. To learn more, visit www.calbanktrust.com. Connect with California Bank & Trust on FacebookTwitter and LinkedIn." data-reactid="21">Locally managed CB&T, an affiliate of Zions Bancorporation (ZION), has more than $11 billion in assets, nearly 100 branches statewide and is a leader among California banks for service levels and product selection. CB&T provides a full array of financial solutions for businesses and individuals, including commercial bankingbusiness banking, small business lending, treasury management, international banking and wealth management. The professional bankers at CB&T are backed by major resources, yet maintain local decision-making authority and regional market and industry expertise. The company is committed to providing clients with valuable business and economic insights and connecting them with the beneficial business relationships they need to succeed. Since 2002, CB&T has been rated by the FDIC as "outstanding" for its Community Reinvestment Act activities. As part of Zions Bancorporation, CB&T maintains its historical Middle-Market National Distinction in Overall Customer Satisfaction, Likelihood to Recommend as a banking partner and Cash Management Overall Customer Satisfaction and Cash Management Customer Service with the Greenwich Excellence Awards. To learn more, visit www.calbanktrust.com. Connect with California Bank & Trust on FacebookTwitter and LinkedIn.

Sean Dowdall
Landis Communications Inc.
(415) 359-2313
[email protected]  
www.landispr.com  " data-reactid="22">Media Contact
Sean Dowdall
Landis Communications Inc.
(415) 359-2313
[email protected]  
www.landispr.com  

 

http://www.prnewswire.com/news-releases/california-bank--trust-solidifies-position-as-best-bank-in-san-diego-with-seventh-consecutive-annual-win-300523199.html" data-reactid="24">View original content:http://www.prnewswire.com/news-releases/california-bank--trust-solidifies-position-as-best-bank-in-san-diego-with-seventh-consecutive-annual-win-300523199.html

" data-reactid="25">

Zions Bancorp. breached its 50 day moving average in a Bullish Manner : ZION-US : September 20, 2017

*Disclaimer : This is as of previous day’s closing price.

Technical Indicators

Below is a quick look at 5 technical indicators for Zions Bancorp.. More studies are available on the Technical Chart.

Indicator Signal
Closing Price above/below 50 Day Moving Average Bullish
Closing Price above/below 200 Day Moving Average Bullish
50 Day Moving Average above/below 200 Day Moving Average Bullish
RSI Reading Level (70) Fair Value
MACD Compared to 9D EMA Signal Line Bullish

View these and more technical studies for Zions Bancorp.

Share Price Performance Relative to Peers

With respect to peers, relative outperformance over the last year is in contrast to the more recent underperformance.

ZION-US’s change in share price of 48.53% for the last 12 months is better than its peer median. However, the 30-day trend in its share price performance of 1.12% is below the peer median suggesting that the company’s recent performance has faded significantly relative to peers.

Share Price Performance

Quadrant label definitions. Hover to know more

Leading, Fading, Lagging, Rising

Screen for companies using relative share price performance

Earnings Momentum

Zions Bancorp. has an earnings score of 62.56 and has a relative valuation of UNDERVALUED.

Stocks with High Earnings Momentum are a preferred option for momentum plays. If they are undervalued, it can be a further advantage and may indicate sustained momentum.

Earnings Momentum Vs Relative Valuation

Quadrant label definitions. Hover to know more

Overvalued, High Earnings Momentum, Undervalued, High Earnings Momentum, UnderValued, Low Earnings Momentum, Overvalued, Low Earnings Momentum

Screen for companies using Earnings Momentum Score

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any of our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.

Zions Bancorporation, Francesca's Holdings, Continental, Hitachi and Arkema highlighted as Zacks Bull and Bear of the Day

Shire is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front.

For Immediate Release

Chicago, IL – September 19, 2017 – Zacks Equity Research Zions Bancorporation(Nasdaq: ZION– Free Report) as the Bull of the Day, Francesca's Holdings Corporation(Nasdaq: FRAN – Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Continental AG (OTCMKTS: CTTAY– Free Report), Hitachi (OTCMKTS: HTHIY– Free Report) andArkema SA (OTCMKTS: ARKAY– Free Report).

Here is a synopsis of all three stocks:

Bull of the Day:

Zions Bancorporation(Nasdaq: ZION– Free Report) is a regional bank in the right part of the country to cash in on the growing US economy: the west. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in both 2017 and 2018.

Zions Bancorporation is a regional bank headquartered in Salt Lake City, Utah with total assets exceeding $65 billion. It has a market cap of $8.9 billion and operates in 11 states including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

It offers all of the full range of banking services including wealth management and commercial loans.

Another Beat in the Second Quarter

On July 25, Zions reported its second quarter results and beat the Zacks Consensus Estimate by 11 cents. Earnings were $0.73 compared to the consensus of $0.62. It has now beaten 5 quarters in a row.

Net loans and leases rose by $941 million to $43.7 billion from $42.5 billion year-over-year. The gains came from an increase of $647 million in commercial loans and $302 million in 1-4 family residential loans.

It's seeing real improvement in its credit loss provisions. It was just $10 million in the second quarter, down from $18 million in the first quarter. That is also significantly lower than the $31 million credit loss provision in the second quarter of 2016.

Zions saw improvement in its oil and gas-related loan portfolio as non-performing assets fell $37 million in that area year-over-year.

The allowance for credit losses for oil and gas-related loans decreased during the second quarter but still exceeded 8% of the total loan portfolio.

Capital Plan for 2017-2018

The Federal Reserve approved the bank's capital plan for July 1, 2017 to June 30, 2018. That entailed doubling the currently quarterly dividend to $0.24 by the second quarter of 2018 from the current $0.12.

It's current dividend is yielding 1.1% but that will obviously be increasing.

It will also increase its share repurchase for the entire capital plan period to $465 million. In the second quarter, it repurchased $45 million.

Estimates Soar

Analysts liked what they heard as rough times appear to be waning for Zions.

10 estimates have been revised higher in the last 60 days pushing the Zacks Consensus up to $2.81 from $2.58. That's earnings growth of 41.3% as it made just $1.99 last year.

Analysts are also bullish on 2018 as earnings are expected to rise another 10.7%.

Bear of the Day:

Francesca's Holdings Corporation(Nasdaq: FRAN – Free Report) admitted recently it has gotten the trend wrong, but that's not the only thing impacting this Zacks Rank #5 (Strong Sell). It suffered direct impacts from Hurricane Harvey as well.

Francesca's is a woman's specialty retailer offering apparel, jewelry, gifts and accessories in its boutique stores. As of Sep 6, it had 692 boutiques in 47 states and the District of Columbia.


Hurricane Harvey Strikes a Blow

Francesca's is headquartered in Houston, Texas and it wasn't immune to impacts from Hurricane Harvey.

Its corporate headquarters, ecommerce fulfillment, distribution center, and approximately 40 boutiques were all directly impacted and had to shut down. Many of its employees suffered personal impacts as well.

As of Sep 5, it had re-opened its headquarters and all but one of its impacted boutiques but it expected it take a couple of weeks to normalize.

In addition, Hurricane Irma then followed on Harvey's heals, leading to business disruptions in Florida.

It's unclear how much of an impact it will have on the third quarter though.

Estimates Cut for Fiscal 2017 and Fiscal 2018

It's tough in the apparel retail business right now. One wrong step, like getting the trend of the season wrong, and it sets the company back.

Francesca's had made quite a turnaround in the last few years as it cut inventory and made management changes. It invested heavily in ecommerce, with a new web site and better product distribution.

However, since the earnings report, analysts have been cutting estimates on Francesca's for both this fiscal year and next fiscal year.

Earnings are expected to fall 26% this year to just $0.81. It made $1.09 last year.

Analysts are bearish on next year too. Fiscal 2018's Zacks Consensus Estimate has also fallen to $0.84 from $1.18 in the last month." data-reactid="29">
It also has an ecommerce web site at francescas.com.

A Beat in Q2 But Same Store Sales Fall

On Sep 6, it reported its second quarter results and beat the Zacks Consensus Estimate by a penny. Earnings were $0.20 versus the consensus of $0.19.

It had already previously announced preliminary results but earnings exceeded that preliminary expectations due to better than expected merchandise margins and SG&A expenses.

Same-store-sales, however, came in at the low-end of the expected range, falling 3% year over year. That was due to a decrease in boutique conversion rates. Last year's second quarter same-store-sales were flat.

Unfortunately, it also reported that August sales were soft due to "merchandising missteps." It was trying to get rid of its back-to-school inventory so that it could focus on the lucrative upcoming holiday season.

Hurricane Harvey Strikes a Blow

Francesca's is headquartered in Houston, Texas and it wasn't immune to impacts from Hurricane Harvey.

Its corporate headquarters, ecommerce fulfillment, distribution center, and approximately 40 boutiques were all directly impacted and had to shut down. Many of its employees suffered personal impacts as well.

As of Sep 5, it had re-opened its headquarters and all but one of its impacted boutiques but it expected it take a couple of weeks to normalize.

In addition, Hurricane Irma then followed on Harvey's heals, leading to business disruptions in Florida.

It's unclear how much of an impact it will have on the third quarter though.

Estimates Cut for Fiscal 2017 and Fiscal 2018

It's tough in the apparel retail business right now. One wrong step, like getting the trend of the season wrong, and it sets the company back.

Francesca's had made quite a turnaround in the last few years as it cut inventory and made management changes. It invested heavily in ecommerce, with a new web site and better product distribution.

However, since the earnings report, analysts have been cutting estimates on Francesca's for both this fiscal year and next fiscal year.

Earnings are expected to fall 26% this year to just $0.81. It made $1.09 last year.

Analysts are bearish on next year too. Fiscal 2018's Zacks Consensus Estimate has also fallen to $0.84 from $1.18 in the last month.

Additional content:

Doves Seen Out the Window: Global Week Ahead

In the Global Week Ahead, Wednesday’s FOMC statement hits at 2 pm Eastern Standard Time (EST), closing out a 2-day Washington DC confab.

This latest monetary policy meeting offers traders a full forecast update. Chair Yellen’s press conference goes live a half hour later.

What to Expect—

(1) Don’t expect a Fed policy rate change until December.

(2) Do expect an announcement of reduced reinvestment in U.S. Treasury bond and Mortgage-backed security (MBS) holdings -- with implementation soon.

(3) Recall the Fed’s early balance sheet stabilization plan laid out in July: It set reinvestment caps at $6 billion and $4 billion per month of U.S. Treasuries and MBS/agency product for the first three months. Then, an escalator clause raised these caps every three quarters in equal increments toward $30 billion and $20 billion caps a year.

Less reinvestment means less incremental growth in the Fed balance sheet. This call is NOT for an overall balance sheet reduction, but a stage before that.

(4) ‘Dot plot’ guidance: Expect downward revisions to long-term rate guidance from some FOMC members. A decline -- from a 3.0% long-term ‘neutral’ policy rate by 25 or 50 basis points -- may be in some member’s Tea Leaves.

(5) Lower consumer price inflation (CPI) forecasts are likely. Any FOMC discussion should reveal the extent of uncertainty among members over the drivers behind soft 2017 inflation.

(6) Hurricanes Harvey and Irma: There should be 2017 guidance on negative effects. Positive rebuilding effects into 2018 may be discussed.

These are 6 dovish points. Don’t expect any surprises from this menu. It’s going to be a conservative meeting of advisors, spooked by weak inflation readings.

The longer rates go sideways, the better it is for stocks.

Top Zacks #1 Rank (STRONG BUY) Stocks—

Keep your focus on non-U.S. stocks. That is where the better large-cap stock values can be found these days.  

Here are 3 examples…

Continental AG (OTCMKTS: CTTAY – Free Report):This is a multi-national German tire-producing company. The $49 billion market cap stock gets a long-term Zacks VGM score of B.

Hitachi (OTCMKTS: HTHIY – Free Report):This is the Japanese company with diversified operations mostly in Asia. The market cap stock at $34 billion has a long-term Zacks VGM score of A.

Arkema SA (OTCMKTS: ARKAY – Free Report):This $8.6 billion in market cap French chemical company is engaged in the manufacturing and marketing of vinyl products, industrial chemicals and performance products.

Key Global Macro—

Wednesday is the big day, with the FOMC announcement.

On Thursday, the Bank of Japan follows the lead of the FOMC, and issues new rate and quantitative easing (QE) guidance.  

Also on Thursday, Argentina’s economy may struggle to produce Q2 GDP growth, after seeing strong Q1 growth. Q1-17 saw the strongest growth (+1.1%) since 1H-2015. Argentina’s 2017 y/y growth rate can get to +2.6%.

On Tuesday, the FOMC starts its 2-day meeting.

The German ZEW indexes come out. Current conditions are at 86.7. Economic sentiment is at 10.0.  

U.S. building permits are forecast to be 1.22 million, from 1.23 million before. Starts are forecast to be 1.115 million from 1.16 million before.

Russia’s unemployment rate gets updated. It has been at 5.1%.

On Wednesday, the U.K.’s retail sales (ex-fuel and auto) looks to fall to +0.80 y/y from 1.5% y/y.  A monthly print of -0.5% is expected.

The FOMC gives markets their latest interest rate decision. The Fed Funds Rate is supposed to stay at 1.25% until the December meeting. Any discussion of weak inflation causes will be listened to closely.

The Fed’s Chair Yellen holds a press conference.

The South African Reserve Bank (SARB) comes out with its interest rate decision. It has been at 6.75%.

On Thursday, the Bank of Japan (BoJ) issues a new stance on its overnight rate, now at -0.10%.  Governor Kuroda holds a press conference.

There is an ECB Council meeting.

There is a Norges Bank interest rate decision and monetary policy report from Norway.

Brazil’s IBGE inflation rate is down to 2.61% y/y.

U.S. initial claims should stay low at 284K.

Argentina’s GDP growth rate should be 2.6% y/y.

On Friday, the Eurozone composite PMI is out. The prior was high at 55.7. Services were 54.7 and Manufacturing was 57.4.

The U.S. manufacturing PMI comes out. It was 52.8.

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About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

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Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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Zions Bancorporation (ZION) : Free Stock Analysis Report
 
Arkema SA (ARKAY) : Free Stock Analysis Report
 
Hitachi Ltd. (HTHIY) : Free Stock Analysis Report
 
Continental AG (CTTAY) : Free Stock Analysis Report
 
Francesca's Holdings Corporation (FRAN) : Free Stock Analysis Report
 
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Zions Bancorporation (ZION) : Free Stock Analysis Report
 
Arkema SA (ARKAY) : Free Stock Analysis Report
 
Hitachi Ltd. (HTHIY) : Free Stock Analysis Report
 
Continental AG (CTTAY) : Free Stock Analysis Report
 
Francesca's Holdings Corporation (FRAN) : Free Stock Analysis Report
 
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Bull of the Day: Zions Bancorporation (ZION)

Zions Bancorporation (ZION) is a regional bank in the right part of the country to cash in on the growing US economy: the west. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in both 2017 and 2018.

Zions Bancorporation is a regional bank headquartered in Salt Lake City, Utah with total assets exceeding $65 billion. It has a market cap of $8.9 billion and operates in 11 states including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

It offers all of the full range of banking services including wealth management and commercial loans.

Another Beat in the Second Quarter

On July 25, Zions reported its second quarter results and beat the Zacks Consensus Estimate by 11 cents. Earnings were $0.73 compared to the consensus of $0.62. It has now beaten 5 quarters in a row.

Net loans and leases rose by $941 million to $43.7 billion from $42.5 billion year-over-year. The gains came from an increase of $647 million in commercial loans and $302 million in 1-4 family residential loans.

It's seeing real improvement in its credit loss provisions. It was just $10 million in the second quarter, down from $18 million in the first quarter. That is also significantly lower than the $31 million credit loss provision in the second quarter of 2016.

Zions saw improvement in its oil and gas-related loan portfolio as non-performing assets fell $37 million in that area year-over-year.

The allowance for credit losses for oil and gas-related loans decreased during the second quarter but still exceeded 8% of the total loan portfolio.

Capital Plan for 2017-2018

The Federal Reserve approved the bank's capital plan for July 1, 2017 to June 30, 2018. That entailed doubling the currently quarterly dividend to $0.24 by the second quarter of 2018 from the current $0.12.

It's current dividend is yielding 1.1% but that will obviously be increasing.

It will also increase its share repurchase for the entire capital plan period to $465 million. In the second quarter, it repurchased $45 million.

Estimates Soar

Analysts liked what they heard as rough times appear to be waning for Zions.

10 estimates have been revised higher in the last 60 days pushing the Zacks Consensus up to $2.81 from $2.58. That's earnings growth of 41.3% as it made just $1.99 last year.

Analysts are also bullish on 2018 as earnings are expected to rise another 10.7%.

Is It Finally Breaking Out?

Shares recently saw 5-year highs but have come off those levels a bit.

But all bank stocks have struggled to find upward momentum in 2017.

Zions is trading with a forward P/E of 15.4 which is under that of the S&P 500, which is trading with an average P/E of 19.8.

If you're buying into the turnaround story in the banks, especially those in oil and gas, then Zions is one regional bank you might want to keep on your short list.

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Zions Bancorp. : ZION-US: Dividend Analysis : August 17th, 2017 (record date) : By the numbers : September 15, 2017

Our analysis is based on comparing Zions Bancorp. with the following peers – Glacier Bancorp, Inc., Western Alliance Bancorporation, U.S. Bancorp, National Bank Holdings Corporation Class A, TCF Financial Corporation, First Interstate BancSystem, Inc. Class A, Guaranty Bancorp, Pacific Mercantile Bancorp and CoBiz Financial Inc. (GBCI-US, WAL-US, USB-US, NBHC-US, TCF-US, FIBK-US, GBNK-US, PMBC-US and COBZ-US).

Zions Bancorp.’s dividend yield is 0.84 percent and its dividend payout is 12.76 percent. This compares to a peer average dividend yield of 1.89 percent and a payout level of 29.75 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 58 out of a possible score of 100 is only about average.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to June 30, 2017), ZION-US paid a medium quality dividend, which represents a yield of 0.75% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were medium quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 4.27x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to June 30, 2017), ZION-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 7.04x), investing cash flow (coverage of -56.13x), issuance cash flow (coverage of 49.39x) and twelve-month prior cash (coverage of 4.97x), for a total dividend coverage of 5.27x.

ZION-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -2.70x). Thus, the total coverage including share buybacks is 7.97x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 3.2 2.16 1.66 1.94 1.23 0.84
Dividend Payout (%) 4.12 8.23 9.52 18.33 14.07 12.76

A complete list of metrics and analysis is available on the company page.

Company Profile

Zions Bancorp. engages int he provision of banking and related services and offers a variety of commercial and retail banking and mortgage lending products and services. Its products involves personal banking services to individuals, including home mortgages, bankcard, 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, direct deposit, and Internet and mobile banking. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.

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