Zions Reaches New 52-Week High (ZION)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Zions (Nasdaq: ZION) hit a new 52-week high Thursday as it is currently trading at $25.71, above its previous 52-week high of $25.70 with 23,116 shares traded as of 9:36 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Zions has a market cap of $4.69 billion and is part of the financial sector and banking industry. Shares are up 19.5% year to date as of the close of trading on Wednesday.

Zions Bancorporation, a bank and financial holding company, provides a range of banking and related services in the United States. The company has a P/E ratio of 26.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Zions Ratings Report.

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