Teachers Advisors LLC lowered its holdings in Zions Bancorp (NASDAQ:ZION) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,270,334 shares of the bank’s stock after selling 68,593 shares during the quarter. Teachers Advisors LLC owned 1.15% of Zions Bancorp worth $115,401,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Zions Bancorp by 0.9% in the fourth quarter. BlackRock Inc. now owns 13,421,671 shares of the bank’s stock valued at $682,222,000 after acquiring an additional 115,554 shares during the period. American Century Companies Inc. raised its stake in shares of Zions Bancorp by 2.2% during the 4th quarter. American Century Companies Inc. now owns 6,301,387 shares of the bank’s stock worth $320,300,000 after buying an additional 136,198 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Zions Bancorp by 2.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 4,419,086 shares of the bank’s stock worth $224,623,000 after buying an additional 87,684 shares during the last quarter. Cortland Advisers LLC raised its stake in shares of Zions Bancorp by 49.6% during the 3rd quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock worth $150,006,000 after buying an additional 1,053,900 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Zions Bancorp by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,995,281 shares of the bank’s stock worth $152,250,000 after buying an additional 16,954 shares during the last quarter. 94.63% of the stock is owned by institutional investors.
Zions Bancorp (ZION) opened at $55.75 on Wednesday. Zions Bancorp has a one year low of $38.43 and a one year high of $57.29. The firm has a market cap of $11,118.78, a PE ratio of 19.78, a P/E/G ratio of 1.66 and a beta of 1.37. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.20 dividend. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.80 annualized dividend and a yield of 1.43%. Zions Bancorp’s payout ratio is presently 30.77%.
Several research firms have recently issued reports on ZION. BidaskClub raised Zions Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a research note on Tuesday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $62.00 price target on shares of Zions Bancorp in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Sanford C. Bernstein set a $58.00 price target on Zions Bancorp and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Zions Bancorp presently has an average rating of “Buy” and a consensus price target of $55.89.
In other Zions Bancorp news, insider David E. Blackford sold 4,115 shares of Zions Bancorp stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $51.47, for a total value of $211,799.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Thomas E. Laursen sold 1,250 shares of Zions Bancorp stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total value of $67,850.00. The disclosure for this sale can be found here. Insiders sold a total of 57,224 shares of company stock valued at $3,156,817 in the last three months. 1.46% of the stock is currently owned by corporate insiders.
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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.
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