ZION Falls to Levels Below Book Value

In trading on Friday, shares of Zions Bancorporation (ZION) crossed below their last reported book value — defined as common shareholder equity per share — of $28.87, changing hands as low as $28.75 per share. Zions Bancorporation shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of ZION shares, versus its 50 and 200 day moving averages:

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Zions Bancorporation Moving Averages Chart

Looking at the chart above, ZION's low point in its 52 week range is $23.10 per share, with $32.29 as the 52 week high point — that compares with a last trade of $28.89.

According to the ETF Finder at ETF Channel, ZION makes up 4.01% of the KBW Bank Portfolio ETF ( KBWB) which is trading lower by about 0.8% on the day Friday.

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