Newest Short Interest Filing: Zions Bancorporation (NASDAQ:ZION) Could Burn Your Long Portfolio After More Shorts

November 22, 2016 - By Dolores Ford   ·   0 Comments

Newest Short Interest Filing: Zions Bancorporation (NASDAQ:ZION) Could Burn Your Long Portfolio After More Shorts

The stock of Zions Bancorporation (NASDAQ:ZION) registered an increase of 10.14% in short interest. ZION’s total short interest was 12.68 million shares in November as published by FINRA. Its up 10.14% from 11.51 million shares, reported previously. With 3.62 million shares average volume, it will take short sellers 4 days to cover their ZION’s short positions. The short interest to Zions Bancorporation’s float is 6.3%. The stock closed at $38.54 during the last session. It is down 43.22% since April 20, 2016 and is uptrending. It has outperformed by 38.66% the S&P500.

Zions Bancorporation is a financial holding company. The company has a market cap of $7.91 billion. The Firm operates through seven divisions: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It has a 21.04 P/E ratio. It focuses on providing community banking services and its core business lines are small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related services and products; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.14, from 0.99 in 2016Q1. The ratio is positive, as 35 funds sold all Zions Bancorp shares owned while 110 reduced positions. 41 funds bought stakes while 102 increased positions. They now own 179.67 million shares or 2.27% less from 183.83 million shares in 2016Q1.
Serv Automobile Association accumulated 0.01% or 62,571 shares. Moreover, Axa has 0.06% invested in Zions Bancorp (NASDAQ:ZION) for 571,504 shares. Moreover, Tcw Grp Incorporated has 0.56% invested in Zions Bancorp (NASDAQ:ZION) for 2.94 million shares. The Ohio-based Huntington National Bank & Trust has invested 0% in Zions Bancorp (NASDAQ:ZION). Moreover, Broadview Advsr Limited Company has 2.15% invested in Zions Bancorp (NASDAQ:ZION) for 571,525 shares. Utah Retirement Systems last reported 36,680 shares in the company. Jpmorgan Chase & Company reported 7.07M shares or 0.04% of all its holdings. Piedmont Investment Advsr Ltd Llc accumulated 0% or 6 shares. Massmutual Trust Fsb Adv has invested 0% of its portfolio in Zions Bancorp (NASDAQ:ZION). Amp Cap Limited accumulated 134,421 shares or 0.02% of the stock. Perkins Inv Management Limited Liability has invested 0.02% of its portfolio in Zions Bancorp (NASDAQ:ZION). Westpac Corporation holds 0% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 39,000 shares. Citigroup, a New York-based fund reported 221,961 shares. Los Angeles Capital Mngmt And Equity Rech, a California-based fund reported 107,160 shares. Sii Investments Wi has 0.04% invested in the company for 17,764 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 10 insider sales for $4.68 million net activity. Morris Michael sold $240,649 worth of stock. 3,981 shares were sold by BLACKFORD DAVID E, worth $111,474 on Thursday, May 26. $445,796 worth of Zions Bancorp (NASDAQ:ZION) shares were sold by Hume Alexander. $1.35 million worth of shares were sold by Young Mark Richard on Wednesday, August 17. 3,500 shares with value of $99,659 were sold by LAURSEN THOMAS E on Wednesday, May 25. 5,000 shares were sold by ANDERSON A SCOTT, worth $139,620 on Friday, May 27. $251,730 worth of Zions Bancorp (NASDAQ:ZION) shares were sold by Maio Keith D.

Zions Bancorp (NASDAQ:ZION) Ratings Coverage

Out of 22 analysts covering Zions Bancorporation (NASDAQ:ZION), 9 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 41% are positive. Zions Bancorporation has been the topic of 62 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, September 13, the company rating was maintained by Raymond James. On Tuesday, April 26 the stock rating was downgraded by Evercore to “Hold”. The firm earned “Neutral” rating on Tuesday, November 24 by Piper Jaffray. Compass Point maintained the shares of ZION in a report on Friday, January 29 with “Buy” rating. As per Wednesday, September 16, the company rating was upgraded by Goldman Sachs. The firm has “Overweight” rating by Barclays Capital given on Wednesday, July 27. On Tuesday, April 26 the stock rating was maintained by Macquarie Research with “Outperform”. As per Tuesday, October 25, the company rating was downgraded by Keefe Bruyette & Woods. Guggenheim upgraded the shares of ZION in a report on Tuesday, July 21 to “Best Ideas List” rating. The stock of Zions Bancorp (NASDAQ:ZION) earned “Hold” rating by Zacks on Monday, August 31.

ZION Company Profile

Zions Bancorporation, incorporated on April 25, 1955, is a financial holding company. The Firm conducts its banking activities through seven separately managed and branded divisions: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. The Firm owns and operates a commercial bank with approximately 450 domestic branches. The Firm provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

More important recent Zions Bancorp (NASDAQ:ZION) news were published by: Marketwatch.com which released: “Zions Bancorp profit rises 26%” on October 24, 2016, also Seekingalpha.com published article titled: “Zions Bancorp: Strong 3Q”, Seekingalpha.com published: “Zions Bancorp. (ZION) Q3 2016 Results – Earnings Call Transcript” on October 25, 2016. More interesting news about Zions Bancorp (NASDAQ:ZION) was released by: Nasdaq.com and their article: “New Stock Buys Of Top Mutual Funds: Netflix, Zions Bancorp, Chip Stocks” with publication date: November 04, 2016.

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By Dolores Ford


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