Guggenheim Capital LLC cut its holdings in Zions Bancorp (NASDAQ:ZION) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,488,384 shares of the bank’s stock after selling 74,602 shares during the period. Guggenheim Capital LLC owned about 0.75% of Zions Bancorp worth $75,655,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ZION. Crewe Advisors LLC bought a new stake in shares of Zions Bancorp in the 4th quarter worth about $102,000. Delpha Capital Management LLC bought a new stake in shares of Zions Bancorp in the 4th quarter worth about $107,000. Tower Research Capital LLC TRC increased its holdings in shares of Zions Bancorp by 1,274.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock worth $140,000 after buying an additional 2,562 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Zions Bancorp by 2,081.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock worth $152,000 after buying an additional 2,872 shares during the last quarter. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Zions Bancorp in the 4th quarter worth about $157,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.
ZION has been the subject of a number of recent analyst reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $65.00 price target (up from $60.00) on shares of Zions Bancorp in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods raised shares of Zions Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Barclays boosted their price objective on shares of Zions Bancorp from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Bank of America set a $60.00 price objective on shares of Zions Bancorp and gave the company a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $55.89.
Zions Bancorp (NASDAQ ZION) opened at $57.04 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 0.88. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $57.13. The company has a market cap of $11,209.18, a P/E ratio of 19.94, a P/E/G ratio of 1.67 and a beta of 1.37.
Zions Bancorp (NASDAQ:ZION) last issued 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 net margin of 21.58% and a return on equity of 9.04%. The business had revenue of $665.00 million for the quarter, compared to analyst estimates of $670.55 million. During the same quarter in the prior year, the business posted $0.60 EPS. analysts forecast that Zions Bancorp will post 3.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a dividend of $0.20 per share. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. Zions Bancorp’s dividend payout ratio is presently 30.77%.
COPYRIGHT VIOLATION NOTICE: “Guggenheim Capital LLC Trims Holdings in Zions Bancorp (ZION)” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/12/guggenheim-capital-llc-trims-holdings-in-zions-bancorp-zion.html.
Zions Bancorp Company Profile
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.
Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.