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ZION $43.4

ZION target price
43.40
0
68
Zions Bancorporation
Type
Public company
Traded as NASDAQ: ZION
S&P 500 Index component
Industry Financial Services
Founded 1873; 144 years ago (1873)
Founder Brigham Young
Headquarters Salt Lake City, Utah
Key people
Harris H. Simmons, Chairman & CEO
PAUL E. BURDISS, CFO
Revenue Increase $2.383 billion (2016)
Net income
Increase $0.469 billion (2016)
Total assets Increase $63.239 billion (2016)
Total equity Increase $6.925 billion (2016)
Number of employees
10,057 (2016)
Subsidiaries Amegy Bank of Texas
California Bank and Trust
Nevada State Bank
Zions Direct
Website zionsbancorporation.com

Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. Zions is on the list of largest banks in the United States.

Zions' history dates back to the founding of Zion's Savings Bank and Trust Company, which was opened in the fall of 1873 by Brigham Young during the Mormon settlement of Utah. It was Utah's first chartered savings bank and trust company.

During the Panic of 1893, the bank managed not only to remain solvent, but continue to grow.

During the early 20th century, Zions financed such firms as:

The Panic of 1907 was the lone interruption in the steady growth of Zions. However, deposits grew from $2 million in 1901 to $9 million in 1918.

On the morning of February 15, 1932, 3 years after the Wall Street Crash of 1929, customers began a run on the bank, waiting in lines that ran out of the building and onto the street. Tellers were instructed to honor all withdrawal requests. In 2.5 days, a total of $1.5 million was withdrawn. Near the end of the second day, bank president Heber J. Grant placed a sign in the bank's window that read, in part:

[The bank] is in a very strong, clean, liquid condition. It can pay off every depositor in full. Fear of its failure is not only without foundation, but positively foolish. There is not a safer bank in the State or the Nation.

Lines of customers that had been as long as a city block began to dwindle, and within five or six days many customers returned to deposit their money. By month's end, total deposits were more than withdrawals, and Zions had survived the Great Depression.

In 1957, Zion's merged with Utah Savings and Trust Company and First National Bank of Salt Lake City. The surviving institution was named Zions First National Bank.

In 1960, Keystone Insurance and Investment Company, which had been founded in 1955, bought a majority stake in Zions from The Church of Jesus Christ of Latter-day Saints and changed its name to Zions Utah Bancorporation. It kept that name until 1987, when it became shortened to Zions Bancorporation, its present name, to reflect the growing presence of the company outside of Utah.

In January 1966, Zions became a public company via an initial public offering.

The bank expanded into Nevada in 1985 with the purchase of Nevada State Bank.

The bank entered Arizona in 1986 with the acquisition of Mesa Bank.

It expanded into Colorado and New Mexico in 1996 by acquiring Aspen Bancshares, which operated Pitkin County Bank and Trust, Valley National Bank of Cortez, and Centennial Savings Bank.

Zions made many acquisitions in 1997 and 1998.

In 1997, Zions acquired Vectra Banking Corporation and Tri-State Finance Corporation of Colorado. Zions also acquired Tri-State Bank of Idaho. It also bought 27 branches in Arizona, Idaho, Nevada, and Utah from Wells Fargo.

Zions expanded into California in 1997 and Washington in 1998, Oregon in 2005.

In 1999, the company bid for First Security Corporation but it was acquired by Wells Fargo after Zions was forced by the U.S. Securities and Exchange Commission to restate its results in prior years due to the way it accounted for acquisitions. However, after the acquisition closed, Zions became the largest bank headquartered in Utah.

In 2001, the company was added to the S&P 500 Index.

In 2005, the company expanded into Texas with the purchase of Amegy Bank.

In September 2008, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by Nevada State Bank, a subsidiary of Zions.

On August 31, 2010, Zions announced the sale of its NetDeposit subsidiary to BankServ.

Zions received a $1.4 billion investment from the U.S. government as a result of the Troubled Asset Relief Program. The final $700 million was repaid on September 26, 2012 and the government realized a profit of $253 million from its investment in the company.

On June 1, 2015, Zions Bancorporation announced a corporate restructuring, which included the consolidation of 7 bank charters into a single charter and $120 million in expense reduction initiaves.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-24 Future report Set alerts
Q2 2022 2022-07-26 1.29 1.29
Q1 2022 2022-04-25 1.27 1.27
Q4 2021 2022-01-24 1.34 1.34
Q3 2021 2021-10-18 1.45 1.45
Q2 2021 2021-07-19 2.08 2.08
Q1 2021 2021-04-19 1.90 1.90
Q4 2020 2021-01-19 1.66 1.66
Q3 2020 2020-10-19 1.01 1.01
Q2 2020 2020-07-20 0.34 0.34

Ratings

2016-07-12 Reiterated Rating Credit Suisse Group AG Buy
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Hold
2016-07-07 Reiterated Rating Jefferies Group Hold $26.00
2016-07-07 Upgrade Piper Jaffray Cos. Neutral to Overweight $29.00
2016-07-07 Initiated Coverage FIG Partners Outperform $29.00
2016-06-30 Reiterated Rating Barclays Overweight $30.00
2016-06-30 Reiterated Rating Barclays PLC Overweight $30.00
2016-06-29 Downgrade Bank of America Neutral to Underperform
2016-06-29 Downgrade Bank of America Corp. Neutral to Underperform
2016-06-27 Reiterated Rating Deutsche Bank Hold $30.00
2016-06-27 Reiterated Rating Deutsche Bank AG Hold $30.00
2016-06-16 Reiterated Rating RBC Capital Buy $32.00
2016-06-16 Reiterated Rating Royal Bank Of Canada Buy $32.00
2016-06-07 Upgrade Maxim Group Neutral to Buy
2016-06-07 Upgrade Susquehanna Neutral to Positive $25.00 to $36.00
2016-06-04 Reiterated Rating Deutsche Bank Hold
2016-05-22 Reiterated Rating Deutsche Bank Hold
2016-05-12 Boost Price Target Compass Point Neutral $27.00 to $30.00
2016-05-09 Upgrade Raymond James Market Perform to Strong-Buy
2016-05-09 Upgrade Raymond James Financial Inc. Market Perform to Strong-Buy
2016-04-26 Reiterated Rating Robert W. Baird Hold
2016-04-26 Boost Price Target Macquarie Outperform $30.00 to $31.00
2016-04-26 Boost Price Target Sanford C. Bernstein Outperform $31.00 to $34.00
2016-04-26 Boost Price Target Credit Suisse Outperform $27.00 to $30.00
2016-04-26 Downgrade Evercore ISI Buy to Hold
2016-04-26 Boost Price Target JPMorgan Chase & Co. Neutral $26.00 to $28.00
2016-04-26 Boost Price Target Credit Suisse Group AG Outperform $27.00 to $30.00
2016-04-18 Reiterated Rating Credit Suisse Buy
2016-04-13 Downgrade Compass Point Buy to Neutral $29.00 to $27.00
2016-04-12 Lower Price Target Jefferies Group Hold $28.00 to $27.00
2016-04-05 Reiterated Rating Deutsche Bank Hold $27.00
2016-03-12 Reiterated Rating Deutsche Bank Hold
2016-02-23 Reiterated Rating Jefferies Group Hold
2016-01-29 Lower Price Target Compass Point Buy $35.00 to $29.00
2016-01-26 Reiterated Rating Piper Jaffray Neutral $31.00 to $26.00
2016-01-26 Reiterated Rating FBR & Co. Outperform $36.00
2016-01-26 Reiterated Rating Piper Jaffray Cos. Neutral $31.00 to $26.00
2016-01-26 Reiterated Rating FBR & Co Outperform $36.00
2016-01-13 Lower Price Target Deutsche Bank $32.00 to $29.00
2016-01-13 Lower Price Target Barclays Overweight $36.00 to $33.00
2015-12-28 Reiterated Rating Deutsche Bank Hold
2015-12-13 Reiterated Rating Keefe, Bruyette & Woods Market Perform
2015-11-23 Initiated Coverage Piper Jaffray Neutral $31.00
2015-11-17 Boost Price Target Susquehanna Neutral $30.00 to $31.00
2015-10-29 Lower Price Target Morgan Stanley $33.00 to $32.00
2015-10-20 Lower Price Target Jefferies Group $28.00 to $27.00
2015-10-20 Lower Price Target Guggenheim Buy $35.00 to $34.00
2015-10-20 Lower Price Target Credit Suisse Outperform $35.00 to $34.00
2015-10-20 Lower Price Target BMO Capital Markets Market Perform $30.00 to $28.00
2015-10-20 Lower Price Target Barclays Overweight $38.00 to $36.00
2015-10-09 Reiterated Rating Barclays Buy $40.00 to $38.00
2015-10-08 Lower Price Target Guggenheim $35.00
2015-10-06 Lower Price Target Jefferies Group Hold $32.00 to $28.00
2015-09-23 Lower Price Target Credit Suisse Outperform $38.00 to $35.00
2015-09-16 Upgrade Goldman Sachs Neutral to Buy $28.75 to $35.00
2015-09-16 Upgrade Goldman Sachs Group Inc. Neutral to Buy $28.75 to $35.00
2015-09-11 Lower Price Target Evercore ISI $35.00 to $33.00
2015-08-26 Lower Price Target BMO Capital Markets Market Perform $32.00 to $31.00
2015-08-26 Lower Price Target SunTrust $37.00 to $33.00
2015-08-26 Upgrade Sanford C. Bernstein Market Perform to Outperform $30.00 to $32.00
2015-08-26 Lower Price Target SunTrust Banks Inc. $37.00 to $33.00
2015-08-18 Upgrade Barclays Equal Weight to Overweight $34.00 to $40.00
2015-08-10 Boost Price Target Susquehanna Neutral $29.00 to $30.00
2015-08-05 Upgrade Sandler O'Neill Hold to Buy $37.00
2015-07-22 Lower Price Target JPMorgan Chase & Co. Neutral $36.00 to $35.00
2015-07-21 Upgrade Guggenheim Best Ideas List
2015-07-21 Lower Price Target DA Davidson Buy $37.00 to $36.00
2015-07-21 Boost Price Target BMO Capital Markets Market Perform $30.00 to $32.00
2015-07-21 Boost Price Target Sanford C. Bernstein Market Perform $28.00 to $30.00
2015-07-21 Reiterated Rating Deutsche Bank Hold $31.00 to $32.00
2015-07-02 Boost Price Target Jefferies Group $30.00 to $32.00
2015-07-02 Downgrade Raymond James Strong-Buy to Market Perform
2015-06-26 Boost Price Target Robert W. Baird $27.00 to $30.00
2015-06-26 Upgrade Credit Suisse Neutral to Outperform $30.00 to $38.00
2015-06-18 Boost Price Target Guggenheim Buy $34.00 to $36.00
2015-06-18 Initiated Coverage Stephens Equal Weight
2015-06-17 Boost Price Target RBC Capital Outperform $32.00 to $35.00
2015-06-16 Boost Price Target Barclays Equal Weight $30.00 to $34.00
2015-06-10 Set Price Target Jefferies Group Hold $28.00 to $30.00
2015-06-08 Boost Price Target Macquarie Outperform $33.00 to $34.00
2015-06-05 Reiterated Rating Susquehanna Neutral $25.00 to $29.00
2015-06-05 Reiterated Rating SunTrust Buy $32.00 to $34.00
2015-06-05 Reiterated Rating Morgan Stanley Overweight $33.00 to $34.00
2015-06-05 Reiterated Rating DA Davidson Buy $34.00
2015-06-05 Reiterated Rating BMO Capital Markets Market Perform $28.00 to $30.00
2015-06-02 Set Price Target Compass Point Buy $32.00
2015-06-02 Boost Price Target Deutsche Bank Hold $29.00 to $31.00
2015-06-02 Upgrade Evercore Partners Inc. Hold to Buy
2015-06-02 Upgrade Credit Agricole Underperform to Buy
2015-06-02 Upgrade CLSA Underperform to Buy
2015-06-02 Upgrade Guggenheim Neutral to Buy
2015-06-02 Upgrade Evercore ISI Hold to Buy $25.00 to $32.00
2015-06-02 Boost Price Target RBC Capital Outperform $30.00 to $32.00
2015-06-02 Upgrade Credit Agricole SA Underperform to Buy
2015-05-28 Reiterated Rating Bank of America Neutral
2015-05-11 Lower Price Target Susquehanna Neutral $26.00 to $25.00
2015-05-09 Reiterated Rating Keefe, Bruyette & Woods Outperform
2015-04-22 Upgrade FBR & Co. Market Perform to Outperform $30.00 to $36.00
2015-04-21 Reiterated Rating Deutsche Bank Hold $29.00
2015-04-21 Boost Price Target Macquarie Outperform $31.00 to $32.00
2015-04-21 Lower Price Target Barclays Equal Weight $31.00 to $30.00
2015-02-27 Upgrade Macquarie Neutral to Outperform $28.00 to $31.00
2015-02-06 Initiated Coverage Credit Suisse Neutral $28.00
2015-01-28 Lower Price Target Jefferies Group Hold $29.00 to $28.00
2015-01-27 Lower Price Target DA Davidson Buy $34.00 to $32.00
2015-01-27 Lower Price Target Deutsche Bank Hold $29.00 to $28.00
2015-01-27 Lower Price Target Compass Point Buy $33.00 to $32.00
2015-01-27 Lower Price Target RBC Capital Outperform $32.00 to $30.00
2014-12-29 Lower Price Target Compass Point Buy $34.00 to $33.00
2014-10-21 Reiterated Rating Deutsche Bank Hold $30.00
2014-10-21 Reiterated Rating DA Davidson Buy $35.00 to $31.00
2014-10-21 Boost Price Target FBR & Co. Market Perform $30.00 to $32.00
2014-09-19 Upgrade Raymond James Outperform to Strong-Buy $33.00 to $35.00
2014-09-16 Reiterated Rating Morgan Stanley Overweight $35.00
2014-08-11 Reiterated Rating Barclays Equal Weight $32.00 to $31.00
2014-07-29 Upgrade Sanford C. Bernstein Underperform to Market Perform $30.00
2014-07-29 Boost Price Target Jefferies Group $26.00 to $28.00
2014-07-28 Reiterated Compass Point Buy $33 to $34
2014-07-22 Upgrade Compass Point Neutral to Buy $32.00 to $33.00
2014-07-22 Reiterated Rating Deutsche Bank Hold $31.00
2014-07-22 Reiterated Rating Jefferies Group Hold $27.00 to $26.00
2014-07-22 Lower Price Target SunTrust $35.00 to $33.00
2014-07-22 Lower Price Target BMO Capital Markets Market Perform $30.00 to $27.00
2014-07-09 Set Price Target JPMorgan Chase & Co. $34.00 to $33.00
2014-05-30 Initiated Coverage Sterne Agee CRT Neutral
2014-05-16 Downgrade Evercore ISI Overweight to Equal weight $33.00 to $28.00
2014-05-08 Downgrade Evercore ISI Overweight to Equal weight $33.00 to $28.00
2014-04-30 Downgrade Evercore ISI Overweight to Equal weight $33.00 to $28.00
2014-04-24 Reiterated Rating Citigroup Inc. Hold $32.00
2014-04-22 Reiterated Rating Deutsche Bank Hold $31.00
2014-04-22 Lower Price Target Keefe, Bruyette & Woods $36.00 to $35.00
2014-04-22 Downgrade Evercore ISI Overweight to Equal Weight $33.00 to $28.00
2014-03-27 Boost Price Target Morgan Stanley $33.00 to $35.00
2014-03-24 Downgrade BMO Capital Markets Outperform to Market Perform $32.00 to $30.00
2014-02-18 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $32.00 to $36.00
2014-02-14 Upgrade Goldman Sachs Sell to Neutral $29.00 to $33.00
2014-02-10 Upgrade RBS Sector Perform to Outperform $33.00 to $34.00
2014-02-10 Upgrade RBC Capital Sector Perform to Outperform
2014-02-05 Upgrade DA Davidson Neutral to Buy $29.00 to $34.00
2014-01-28 Boost Price Target RBC Capital $32.00 to $33.00
2014-01-28 Boost Price Target Sanford C. Bernstein $22.00 to $24.00
2014-01-28 Lower Price Target Credit Suisse $34.00 to $33.00
2013-11-19 Downgrade Raymond James Strong-Buy to Outperform $36.00 to $32.00
2013-10-23 Lower Price Target SunTrust Buy $36.00 to $32.00
2013-10-22 Lower Price Target Jefferies Group Hold $31.00 to $28.00
2013-10-22 Lower Price Target BMO Capital Markets Outperform $33.00 to $32.00
2013-10-22 Reiterated Rating Deutsche Bank Hold $29.00
2013-10-22 Downgrade Citigroup Inc. Buy to Neutral
2013-10-08 Initiated Coverage Evercore ISI Neutral $29.00
2013-09-30 Lower Price Target Guggenheim Neutral $33.50 to $31.00
2013-09-17 Upgrade Goldman Sachs Neutral
2012-09-21 Upgrade Sterne Agee Underperform to Neutral
2011-07-19 Upgrade Compass Point Sell to Neutral $21 to $23
2011-04-19 Upgrade FBR Capital Mkt Perform to Outperform $22 to $30
2010-04-20 Upgrade Keefe Bruyette Underperform to Mkt Perform
2016-07-12 Reiterated Rating Credit Suisse Group AG Buy
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Hold
2016-07-07 Reiterated Rating Jefferies Group Hold $26.00
2016-07-07 Upgrade Piper Jaffray Cos. Neutral to Overweight $29.00
2016-07-07 Initiated Coverage FIG Partners Outperform $29.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SIMMONS HARRIS H Chairman, President 0.58%  (1182904) STR / ZION /
SIMMONS L E 0.19%  (395347) ZION /
MCLEAN SCOTT J Executive Vice President 0.07%  (151892) CNP / ZION /
ARNOLD DOYLE L Vice Chairman and 0.06%  (124299) BANR / GPI / ZION /
HEMINGWAY W DAVID Exec. Vice President 0.06%  (121889) ZION /
QUINN STEPHEN D 0.06%  (114684) GPI / ZION /
STEPHENS STEVEN DAN Executive Vice President 0.04%  (73806) ZION /
ATKIN JERRY C 0.03%  (62509) SKYW / ZION /
ANDERSON A SCOTT Exec VP and 0.03%  (57297) MMSI / ZION /
Burdiss Paul E. Executive Vice President 0.03%  (55122) ZION /
PORTER ROGER B 0.02%  (49800) EXR / PKG / TEN / ZION /
SAVAGE STANLEY D Exec VP & Pres. Of Subsidiary 0.02%  (48467) ZION /
Schreiber Edward Chief Risk Officer 0.02%  (44419) ZION /
Maio Keith D EVP & Pres. of Subsidiary 0.02%  (40445) ZION /
Reilly Joseph L. Executive Vice President 0.02%  (36866) ZION /
HEANEY J DAVID 0.02%  (36306) ZION /
Abbott James R Senior Vice Pres. 0.02%  (31257) ZION /
FROBES PATRICIA 0.02%  (31127) ZION /
WILLIAMS SHELLEY THOMAS 0.01%  (26127) ZION /
Robinson Rebecca K Executive Vice President 0.01%  (24432) ZION /
BLACKFORD DAVID E Exec Vice President 0.01%  (24136) MDC / ZION /
WHEELWRIGHT STEVEN 0.01%  (21896) ZION /
LAURSEN THOMAS E Sr. Vice President & 0.01%  (21669) ZION /
James Dianne R Executive VP 0.01%  (21064) ZION /
Smith Jennifer Anne Corp Chief Info Officer 0.01%  (20374) ZION /
ALEXANDER BRUCE K Exec VP and 0.01%  (19773) ZION /
Haun Dallas E Exec Vice President 0.01%  (19363) ZION /
Morris Michael Executive Vice President 0.01%  (16808) ZION /
Murphy Edward F 0.01%  (13510) ZION /
Young Mark Richard Exec VP 0.01%  (12946) ZION /
Linderman LeeAnne B Executive Vice President 0.01%  (12724) ZION /
SHIREY TERRY ALAN EVP, Chief Banking Officer 0.01%  (12349) ZION /