Broadview Advisors Lowers stake in Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : Broadview Advisors reduced its stake in Zions Bancorporation by 16.52% during the most recent quarter end. The investment management company now holds a total of 571,525 shares of Zions Bancorporation which is valued at $16,082,714 after selling 113,100 shares in Zions Bancorporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Zions Bancorporation makes up approximately 2.27% of Broadview Advisors’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in ZION by selling 1,265 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 51,133 shares of ZION which is valued at $1,438,883. Zions Bancorporation makes up approx 0.01% of Comerica Bank’s portfolio.Ubs Asset Management Americas Inc reduced its stake in ZION by selling 43 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 204,023 shares of ZION which is valued at $5,769,770. Zions Bancorporation makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.William Blair Investment Management boosted its stake in ZION in the latest quarter, The investment management firm added 10,237 additional shares and now holds a total of 26,147 shares of Zions Bancorporation which is valued at $739,437. Harel Insurance Investments Financial Services Ltd. added ZION to its portfolio by purchasing 720 company shares during the most recent quarter which is valued at $19,778.

Zions Bancorporation opened for trading at $29.4 and hit $29.52 on the upside on Tuesday, eventually ending the session at $29.28, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 20,68,426 shares. Company has a market cap of $6,006 M.

On the company’s financial health, Zions Bancorporation reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.39.Analysts expectations of $ 576.55.During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Zions Bancorporation. Shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 32 from a previous price target of $36 .FIG Partners Initiated Zions Bancorporation on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $29.Piper Jaffray Upgraded Zions Bancorporation on Jul 7, 2016 to ” Overweight”, Price Target of the shares are set at $29.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014. The Company provides banking and related services through its banking and other subsidiaries primarily in Arizona California Colorado Idaho Nevada New Mexico Oregon Texas Utah Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities including municipal finance advisory and underwriting and investment activities.

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