Seizert Capital Partners LLC Acquires 38,572 Shares of Zions Bancorporation (ZION)

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.

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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.

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Institutional Ownership by Quarter for Zions Bancorporation (NASDAQ:ZION)

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