Banking

Zions Bancorp Stock Shows Improved Relative Price Performance Amid Small-Cap, Bank Stocks Rebound

Small-cap stocks were laggards last month but that may be changing. For example, the small-cap tracking Russell 2000 rose 1.8% Wednesday, compared to just under 1% for the major indexes. Banks have been one of the rising groups and small-cap Zions Bancorp is among the better rated bank stock. On Wednesday, Zions Bancorp (ZION) earned an upgrade to its Relative Strength (RS) Rating, from 67 to 73.

The 73 RS Rating means that Zions Bancorp stock has outperformed 73% of all stocks over the past year.

Zions Bancorp Stock Has Top EPS Rating

Over 100 years of market history reveals that the top-performing stocks tend to have an 80 or better RS Rating as they begin their biggest price moves. See if Zions Bancorp can continue to rebound and clear that threshold.

Among other key ratings, Zions Bancorp also holds an excellent 96 EPS Rating, putting it in the top 4% of all companies in terms of recent and long-term profit growth.

Zions Bancorp stock has an 89 Composite Rating. knocking on the door of the top tier ranks.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Last quarter, Zions reported a 343% surge in EPS to $2.08, on a mild 9% rise in revenue to $775 million. The prior two quarters, the company’s EPS rose 47% and then 1,000%-plus on a year-over-year basis.

Zions Bancorp holds the No. 23 rank among its peers in the Banks-West/Southwest industry group. First Northwest Bancorp (FNWB) and FS Bancorp (FSBW) are among the group’s highest-rated stocks.


Looking For The Best Stocks To Buy And Watch? Start Here


While the stock is not near a proper buy point right now, see if it offers a fresh buying opportunity, such as a three-weeks tight pattern, or a rebound off its 50-day or 10-week line.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

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