Zions Bancorporation (ZION) : Elizabeth Park Capital Advisors Ltd. reduced its stake in Zions Bancorporation by 8.98% during the most recent quarter end. The investment management company now holds a total of 516,909 shares of Zions Bancorporation which is valued at $14,545,819 after selling 51,000 shares in Zions Bancorporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Zions Bancorporation makes up approximately 5.79% of Elizabeth Park Capital Advisors Ltd.’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in ZION in the latest quarter, The investment management firm added 8,479 additional shares and now holds a total of 16,600 shares of Zions Bancorporation which is valued at $467,124. Zions Bancorporation makes up approx 0.02% of Cubist Systematic Strategies’s portfolio. Winton Capital Group Ltd sold out all of its stake in ZION during the most recent quarter. The investment firm sold 114,270 shares of ZION which is valued $3,215,558.Proshare Advisors reduced its stake in ZION by selling 2,723 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 53,840 shares of ZION which is valued at $1,515,058. Zions Bancorporation makes up approx 0.02% of Proshare Advisors’s portfolio. Gideon Capital Advisors added ZION to its portfolio by purchasing 62,973 company shares during the most recent quarter which is valued at $1,772,060. Zions Bancorporation makes up approx 0.98% of Gideon Capital Advisors’s portfolio. Oakbrook Investments sold out all of its stake in ZION during the most recent quarter. The investment firm sold 11,650 shares of ZION which is valued $306,512.
Zions Bancorporation closed down -0.02 points or -0.07% at $30.57 with 43,53,751 shares getting traded on Thursday. Post opening the session at $30.75, the shares hit an intraday low of $30.23 and an intraday high of $30.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.