Price Target Update on Zions Bancorporation (NASDAQ:ZION)

Zions Bancorporation (NASDAQ:ZION) : The highest level Zions Bancorporation (NASDAQ:ZION) is projected to reach is $36 for the short term and the lowest estimate is at $22. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $30.47 and the possibility the share price can swing is $3.26.

Other Equity analysts have also commented on the company shares. Brokerage firm Susquehanna upgrades its rating on Zions Bancorporation (NASDAQ:ZION). The shares have been rated Positive. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 7, 2016.

Zions Bancorporation (NASDAQ:ZION): stock turned positive on Thursday. Though the stock opened at $27.45, the bulls momentum made the stock top out at $28.17 level for the day. The stock recorded a low of $27.31 and closed the trading day at $28.16, in the green by 4.41%. The total traded volume for the day was 3,015,819. The stock had closed at $26.97 in the previous days trading.

The company shares have dropped -16.27% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $33.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.27 and the 200 Day Moving Average price is recorded at $25.16. On the companys insider trading activities,The officer (Executive Vice President) of Zions Bancorporation /Ut/, Morris Michael sold 8,634 shares at $27.88 on May 27, 2016. The Insider selling transaction had a total value worth of $240,716. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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