November 29, 2016 - By Winifred Garcia · 0 Comments
Zions Bancorporation (NASDAQ:ZION) institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.14, from 0.99 in 2016Q1. The ratio has increased, as 143 funds increased or started new positions, while 145 sold and reduced positions in Zions Bancorporation. The funds in our partner’s database now own: 179.67 million shares, down from 183.83 million shares in 2016Q1. Also, the number of funds holding Zions Bancorporation in their top 10 positions increased from 5 to 6 for an increase of 1. Sold All: 35 Reduced: 110 Increased: 102 New Position: 41.
Zions Bancorporation is a financial holding company. The company has a market cap of $7.70 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 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.
About 1.03M shares traded hands. Zions Bancorp (NASDAQ:ZION) has risen 39.93% since April 26, 2016 and is uptrending. It has outperformed by 34.67% the S&P500.
Analysts await Zions Bancorp (NASDAQ:ZION) to report earnings on January, 23. They expect $0.52 earnings per share, up 20.93% or $0.09 from last year’s $0.43 per share. ZION’s profit will be $104.08 million for 18.50 P/E if the $0.52 EPS becomes a reality. After $0.57 actual earnings per share reported by Zions Bancorp for the previous quarter, Wall Street now forecasts -8.77% negative EPS growth.
According to Zacks Investment Research, “Zions Bancorporation is a multi-bank holding company. Zions focuses on maintaining community-minded banking by strengthening its core business lines of retail banking, small and medium-sized business lending, residential mortgage and investment activities. The banks provide a wide variety of commercial and retail banking and mortgage-lending financial services. Commercial loans, lease financing, cash management, lockbox, customized draft processing, and other special financial services are provided for business and other commercial banking customers.”
Consector Capital Lp holds 7.76% of its portfolio in Zions Bancorp for 132,250 shares. Yost Capital Management L.L.C. owns 451,740 shares or 6.17% of their US portfolio. Moreover, Elizabeth Park Capital Advisors Ltd. has 5.52% invested in the company for 516,909 shares. The Virginia-based Ejf Capital Llc has invested 3.54% in the stock. Cortland Advisers Llc, a Delaware-based fund reported 3.98 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 insider sales for $5.48 million net activity.
Ratings analysis reveals 41% of Zions Bancorporation’s analysts are positive. Out of 22 Wall Street analysts rating Zions Bancorporation, 9 give it “Buy”, 1 “Sell” rating, while 12 recommend “Hold”. The lowest target is $1 while the high is $40. The stock’s average target of $29.19 is -24.12% below today’s ($38.47) share price. ZION was included in 64 notes of analysts from July 21, 2015. As per Tuesday, April 26, the company rating was maintained by Bernstein. The firm has “Hold” rating by Jefferies given on Wednesday, July 27. As per Tuesday, August 18, the company rating was upgraded by Barclays Capital. The stock of Zions Bancorp (NASDAQ:ZION) earned “Mkt Perform” rating by Bernstein on Wednesday, November 16. JP Morgan maintained the shares of ZION in a report on Tuesday, April 26 with “Neutral” rating. On Monday, May 9 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 16. RBC Capital Markets maintained it with “Outperform” rating and $40 target price in Thursday, November 10 report. The firm has “Buy” rating given on Monday, November 28 by Jefferies. The firm has “Hold” rating given on Monday, August 31 by Zacks.
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.
Another recent and important Zions Bancorp (NASDAQ:ZION) news was published by Nasdaq.com which published an article titled: “New Stock Buys Of Top Mutual Funds: Netflix, Zions Bancorp, Chip Stocks” on November 04, 2016.
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By Winifred Garcia