Stifel Financial Corp Has $1.31 Million Holdings in Zions Bancorp (ZION)

Stifel Financial Corp raised its stake in shares of Zions Bancorp (NASDAQ:ZION) by 33.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 27,828 shares of the bank’s stock after purchasing an additional 6,941 shares during the period. Stifel Financial Corp’s holdings in Zions Bancorp were worth $1,311,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ZION. Cortland Advisers LLC lifted its position in shares of Zions Bancorp by 49.6% during the 3rd quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock worth $150,006,000 after buying an additional 1,053,900 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Zions Bancorp by 502.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 118,757 shares of the bank’s stock worth $5,614,000 after buying an additional 99,060 shares in the last quarter. KBC Group NV lifted its position in shares of Zions Bancorp by 15.7% during the 3rd quarter. KBC Group NV now owns 110,366 shares of the bank’s stock worth $5,207,000 after buying an additional 14,948 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Zions Bancorp by 2.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,099,132 shares of the bank’s stock worth $51,858,000 after buying an additional 24,431 shares in the last quarter. Finally, Barings LLC lifted its position in shares of Zions Bancorp by 121.2% during the 3rd quarter. Barings LLC now owns 102,040 shares of the bank’s stock worth $4,814,000 after buying an additional 55,900 shares in the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.

Shares of Zions Bancorp (NASDAQ ZION) opened at $51.33 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. The company has a market cap of $10,250.00, a P/E ratio of 19.22, a P/E/G ratio of 1.99 and a beta of 1.48. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $52.20.

Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $666.83 million. Zions Bancorp had a return on equity of 8.54% and a net margin of 22.70%. During the same period last year, the firm posted $0.57 EPS. analysts expect that Zions Bancorp will post 2.8 earnings per share for the current fiscal year.

In other Zions Bancorp news, General Counsel Thomas E. Laursen sold 1,600 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $46.55, for a total transaction of $74,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bruce K. Alexander sold 6,089 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $47.97, for a total transaction of $292,089.33. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock worth $2,057,927 in the last three months. Insiders own 1.46% of the company’s stock.

ZION has been the topic of several recent analyst reports. Piper Jaffray Companies reissued a “hold” rating and set a $44.00 target price on shares of Zions Bancorp in a research report on Tuesday, October 24th. FBR & Co reissued a “buy” rating and set a $54.00 target price on shares of Zions Bancorp in a research report on Tuesday, October 24th. Barclays set a $52.00 target price on shares of Zions Bancorp and gave the stock an “overweight” rating in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and set a $54.00 target price on shares of Zions Bancorp in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Zions Bancorp has an average rating of “Buy” and an average price target of $50.79.

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About Zions Bancorp

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.

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

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