Seizert Capital Partners LLC raised its holdings in shares of Zions Bancorporation (NASDAQ:ZION) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,263,691 shares of the bank’s stock after buying an additional 38,572 shares during the period. Zions Bancorporation comprises approximately 2.2% of Seizert Capital Partners LLC’s portfolio, making the stock its 10th largest position. Seizert Capital Partners LLC owned about 0.63% of Zions Bancorporation worth $59,621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Zions Bancorporation during the second quarter valued at about $108,000. Exane Derivatives purchased a new stake in Zions Bancorporation during the second quarter valued at about $132,000. Americafirst Capital Management LLC purchased a new stake in Zions Bancorporation during the second quarter valued at about $175,000. Conning Inc. purchased a new stake in Zions Bancorporation during the third quarter valued at about $210,000. Finally, Global X Management Co. LLC boosted its position in Zions Bancorporation by 58.6% during the second quarter. Global X Management Co. LLC now owns 4,792 shares of the bank’s stock valued at $210,000 after buying an additional 1,771 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.
Zions Bancorporation (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $666.83 million. Zions Bancorporation had a net margin of 22.70% and a return on equity of 8.54%. During the same period last year, the firm earned $0.57 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.36%. This is a boost from Zions Bancorporation’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, November 14th. Zions Bancorporation’s payout ratio is 18.05%.
Several analysts have issued reports on ZION shares. Piper Jaffray Companies restated a “hold” rating and set a $44.00 price target on shares of Zions Bancorporation in a research report on Tuesday, October 24th. FBR & Co restated a “buy” rating and set a $54.00 price target on shares of Zions Bancorporation in a research report on Tuesday, October 24th. Barclays PLC set a $52.00 price target on shares of Zions Bancorporation and gave the company an “overweight” rating in a research report on Tuesday, October 24th. Morgan Stanley restated an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Zions Bancorporation in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.00.
In other news, insider Edward Schreiber sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $44.98, for a total value of $584,740.00. Following the completion of the sale, the insider now owns 51,517 shares of the company’s stock, valued at approximately $2,317,234.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dianne R. James sold 1,585 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $45.22, for a total transaction of $71,673.70. Following the completion of the sale, the insider now directly owns 21,866 shares of the company’s stock, valued at approximately $988,780.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,585 shares of company stock valued at $747,614. 1.46% of the stock is owned by corporate insiders.
Zions Bancorporation Company Profile
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation (NASDAQ:ZION).
What are top analysts saying about Zions Bancorporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Zions Bancorporation and related companies.