Two Sigma Investments LP raised its stake in shares of Zions Bancorp (NASDAQ:ZION) by 160.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,986 shares of the bank’s stock after acquiring an additional 18,586 shares during the quarter. Two Sigma Investments LP’s holdings in Zions Bancorp were worth $355,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Advisor Partners LLC increased its stake in shares of Zions Bancorp by 15.6% in the fourth quarter. Advisor Partners LLC now owns 7,382 shares of the bank’s stock worth $397,000 after purchasing an additional 998 shares during the period. Norinchukin Bank The increased its stake in shares of Zions Bancorp by 11.3% in the fourth quarter. Norinchukin Bank The now owns 10,014 shares of the bank’s stock worth $509,000 after purchasing an additional 1,017 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Zions Bancorp by 3.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 40,775 shares of the bank’s stock worth $2,073,000 after purchasing an additional 1,169 shares during the period. ETRADE Capital Management LLC increased its stake in shares of Zions Bancorp by 4.9% in the fourth quarter. ETRADE Capital Management LLC now owns 26,560 shares of the bank’s stock worth $1,350,000 after purchasing an additional 1,248 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Zions Bancorp by 4.1% in the fourth quarter. Amalgamated Bank now owns 41,033 shares of the bank’s stock worth $2,086,000 after purchasing an additional 1,617 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.
NASDAQ ZION opened at $51.92 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $10,385.78, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.54 and a beta of 1.38. Zions Bancorp has a 1-year low of $38.43 and a 1-year high of $57.29.
Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $670.55 million. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. During the same period in the previous year, the business earned $0.60 earnings per share. sell-side analysts predict that Zions Bancorp will post 3.7 EPS for the current year.
A number of equities research analysts recently weighed in on ZION shares. B. Riley reissued a “buy” rating and set a $64.00 target price (up from $60.00) on shares of Zions Bancorp in a research report on Tuesday, February 27th. Wells Fargo reissued an “outperform” rating and set a $65.00 target price (up from $60.00) on shares of Zions Bancorp in a research report on Tuesday, January 23rd. Barclays lifted their target price on Zions Bancorp from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada lifted their target price on Zions Bancorp to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub raised Zions Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.67.
In other Zions Bancorp news, President Scott J. Mclean sold 31,309 shares of Zions Bancorp stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $56.15, for a total transaction of $1,758,000.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander Hume sold 7,196 shares of Zions Bancorp stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $53.87, for a total value of $387,648.52. The disclosure for this sale can be found here. Insiders have sold 57,224 shares of company stock worth $3,156,817 over the last ninety days. Company insiders own 1.46% of the company’s stock.
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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.
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