Crossmark Global Holdings Inc. trimmed its holdings in Zions Bancorp (NASDAQ:ZION) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,372 shares of the bank’s stock after selling 2,147 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Zions Bancorp were worth $985,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd raised its holdings in shares of Zions Bancorp by 4.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,080 shares of the bank’s stock worth $355,000 after buying an additional 380 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Zions Bancorp by 12.0% in the second quarter. Gotham Asset Management LLC now owns 7,003 shares of the bank’s stock worth $308,000 after buying an additional 750 shares during the period. Advisor Partners LLC raised its holdings 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 buying an additional 998 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Zions Bancorp by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,403 shares of the bank’s stock worth $984,000 after buying an additional 1,013 shares during the period. Finally, Comerica Bank raised its holdings in shares of Zions Bancorp by 2.3% in the third quarter. Comerica Bank now owns 49,795 shares of the bank’s stock worth $2,330,000 after buying an additional 1,107 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
In other news, EVP Keith D. Maio sold 13,019 shares of Zions Bancorp stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total value of $604,602.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Thomas E. Laursen sold 1,600 shares of Zions Bancorp stock in a transaction on Monday, November 27th. The shares were sold at an average price of $46.55, for a total value of $74,480.00. The disclosure for this sale can be found here. Insiders sold a total of 58,040 shares of company stock worth $2,806,600 over the last quarter. Company insiders own 1.46% of the company’s stock.
Several brokerages have recently weighed in on ZION. Zacks Investment Research downgraded Zions Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Zions Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Barclays set a $52.00 price objective on Zions Bancorp and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Bank of America set a $60.00 price objective on Zions Bancorp and gave the stock a “buy” rating in a report on Wednesday. Finally, B. Riley restated a “buy” rating and set a $60.00 price objective on shares of Zions Bancorp in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $55.22.
Zions Bancorp (NASDAQ:ZION) opened at $55.07 on Friday. Zions Bancorp has a fifty-two week low of $38.43 and a fifty-two week high of $55.61. The company has a market capitalization of $11,000.00, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05.
Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $670.55 million. During the same period last year, the business posted $0.60 EPS. equities analysts predict that Zions Bancorp will post 3.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 14th. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. Zions Bancorp’s dividend payout ratio (DPR) is currently 30.53%.
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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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