Broadview Advisors LLC Has $9.43 Million Stake in Zions Bancorp (ZION)

Broadview Advisors LLC lifted its holdings in shares of Zions Bancorp (NASDAQ:ZION) by 3.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 187,950 shares of the bank’s stock after acquiring an additional 6,200 shares during the period. Zions Bancorp makes up about 1.6% of Broadview Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Broadview Advisors LLC’s holdings in Zions Bancorp were worth $9,426,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in Zions Bancorp by 10.9% during the 3rd quarter. Alliancebernstein L.P. now owns 5,038,547 shares of the bank’s stock valued at $252,683,000 after purchasing an additional 494,929 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Zions Bancorp by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,781,686 shares of the bank’s stock valued at $146,578,000 after purchasing an additional 12,681 shares during the last quarter. LSV Asset Management lifted its holdings in Zions Bancorp by 1.1% during the 3rd quarter. LSV Asset Management now owns 2,502,773 shares of the bank’s stock valued at $125,514,000 after purchasing an additional 28,261 shares during the last quarter. Northern Trust Corp lifted its holdings in Zions Bancorp by 0.8% during the 2nd quarter. Northern Trust Corp now owns 2,228,808 shares of the bank’s stock valued at $117,436,000 after purchasing an additional 17,928 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Zions Bancorp by 6.9% during the 2nd quarter. King Luther Capital Management Corp now owns 1,892,158 shares of the bank’s stock valued at $99,698,000 after purchasing an additional 121,722 shares during the last quarter. 96.77% of the stock is owned by institutional investors.

In other news, insider Leeanne B. Linderman sold 5,878 shares of Zions Bancorp stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $50.26, for a total transaction of $295,428.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider A Scott Anderson sold 12,000 shares of Zions Bancorp stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $47.30, for a total transaction of $567,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,797 shares of company stock valued at $1,305,598. Insiders own 1.60% of the company’s stock.

Shares of NASDAQ ZION opened at $47.11 on Friday. Zions Bancorp has a 1-year low of $45.20 and a 1-year high of $59.19. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.37 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.13.

Zions Bancorp (NASDAQ:ZION) last announced its earnings results on Monday, October 22nd. The bank reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.08. Zions Bancorp had a net margin of 26.57% and a return on equity of 11.84%. The company had revenue of $701.00 million during the quarter, compared to the consensus estimate of $699.87 million. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Zions Bancorp will post 4.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, November 13th. Zions Bancorp’s dividend payout ratio is presently 41.96%.

Several equities analysts recently issued reports on ZION shares. Robert W. Baird raised shares of Zions Bancorp from an “underperform” rating to a “neutral” rating and set a $49.00 price target for the company in a report on Tuesday, October 23rd. UBS Group downgraded shares of Zions Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, September 7th. BMO Capital Markets cut their price target on shares of Zions Bancorp from $55.00 to $52.00 and set a “market perform” rating for the company in a report on Tuesday, October 23rd. Raymond James cut their price target on shares of Zions Bancorp from $62.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. Finally, Morgan Stanley cut their price target on shares of Zions Bancorp from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Zions Bancorp presently has an average rating of “Buy” and a consensus price target of $58.57.

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Zions Bancorp Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as 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 services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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

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