This article was first published on

In a report released today, Jason Goldberg from Barclays upgraded Zions Bancorp (NASDAQ: ZION) to Buy, with a price target of $40. The company’s shares closed yesterday at $30.38.

Currently, the analyst consensus on Zions Bancorp is Moderate Buy and the average price target is $31.67, representing a 4.2% upside. In a report issued on August 5, Sandler O’Neill also upgraded the stock to Buy with a $37 price target.

Zions Bancorp`s market cap is currently $6.23B and has a P/E ratio of 27.9. The company has a book value ratio of 0.96%.

Financial bloggers on sites such as, SeekingAlpha and others, seem to have a Positive view on ZION. When evaluating the opinions of financial bloggers over the last 3 months, 75% of bloggers have indicated a Bullish sentiment, while 25% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Financial sector is 69% which is less positive than the blogger sentiment of ZION.

Unlike Barclays` latest rating, based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. Last month, Bruce K. Alexander, a the Exec VP and of ZION sold 35,597 shares for a total of $1,127,071.

According to, Goldberg is a 4-star analyst with an average return of 6.5% and a 70.5% success rate. Goldberg covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Texas Capital Bancshares, and Capital One Financial.

Zions Bancorporation provides banking and related services through its banking and other subsidiaries in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington and Oregon.