Zions Bancorporation (ZION) : Endeavour Capital Advisors Inc scooped up 442,737 additional shares in Zions Bancorporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,811,553 shares of Zions Bancorporation which is valued at $50,977,101.Zions Bancorporation makes up approximately 3.76% of Endeavour Capital Advisors Inc’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp sold out all of its stake in ZION during the most recent quarter. The investment firm sold 339,426 shares of ZION which is valued $9,551,448.Fmr reduced its stake in ZION by selling 643,677 shares or 17.62% in the most recent quarter. The Hedge Fund company now holds 3,010,199 shares of ZION which is valued at $84,707,000. Zions Bancorporation makes up approx 0.01% of Fmr’s portfolio.Rhumbline Advisers boosted its stake in ZION in the latest quarter, The investment management firm added 23,361 additional shares and now holds a total of 285,759 shares of Zions Bancorporation which is valued at $8,041,258. Zions Bancorporation makes up approx 0.02% of Rhumbline Advisers’s portfolio.
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.