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ZION

Zions Bancorp

$47.57

-0.86 (-1.78%)

13:45
10/18/18
10/18
13:45
10/18/18
13:45

Zions Bancorp call volume above normal and directionally bullish

Bullish option flow detected in Zions Bancorp with 5,231 calls trading, 1.6x expected, and implied vol increasing over 1 point to 29.31%. Nov-18 50 calls and Oct-18 50 puts are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.07. Earnings are expected on October 22nd.

  • 22

    Oct

ZION Zions Bancorp
$47.57

-0.86 (-1.78%)

05/14/18
WEDB
05/14/18
INITIATION
WEDB
Neutral
Zions Bancorp initiated with a Neutral at Wedbush
07/10/18
RAJA
07/10/18
UPGRADE
RAJA
Strong Buy
Zions Bancorp upgraded to Strong Buy from Outperform at Raymond James
09/07/18
UBSW
09/07/18
DOWNGRADE
UBSW
Neutral
Zions Bancorp downgraded to Neutral from Buy at UBS
UBS analyst Brock Vandervliet downgraded Zions Bancorp to Neutral.
09/07/18
UBSW
09/07/18
DOWNGRADE
Target $56
UBSW
Neutral
UBS downgrades Zions Bancorp to Neutral with $56 price target
UBS analyst Brock Vandervliet downgraded Zions Bancorp to Neutral from Buy and lowered his price target for the shares to $56 from $67. The analyst had expected mid-single digit loan growth would build to the 6%-8% range after years of drag from energy and commercial real estate loan run-off. However, he now forecasts a 4%-5% level. Vandervliet also expected that raising of the systemically important financial institution threshold would re-focus management on generating higher growth and better efficiency. Recent commentary, however, indicates no change in posture, the analyst contends. He also finds Zions' recent capital announcement "underwhelming" saying it is designed to preserve board flexibility as opposed to making a commitment to maximize return.

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