Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Zions Bancorporation (NASDAQ:ZION) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,900 shares of the bank’s stock after selling 1,180 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Zions Bancorporation were worth $325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Zions Bancorporation during the 2nd quarter valued at about $108,000. Americafirst Capital Management LLC bought a new position in Zions Bancorporation during the 2nd quarter valued at about $175,000. Global X Management Co. LLC grew its holdings in Zions Bancorporation by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 4,792 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,771 shares during the last quarter. Conning Inc. bought a new position in Zions Bancorporation during the 3rd quarter valued at about $210,000. Finally, Advisor Group Inc. grew its holdings in Zions Bancorporation by 20.8% during the 2nd quarter. Advisor Group Inc. now owns 5,234 shares of the bank’s stock valued at $229,000 after purchasing an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Zions Bancorporation (NASDAQ ZION) opened at $50.08 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $10,003.17, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48. Zions Bancorporation has a one year low of $38.43 and a one year high of $50.51.

Zions Bancorporation (NASDAQ:ZION) last issued its earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.01). The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $666.83 million. Zions Bancorporation had a return on equity of 8.54% and a net margin of 22.70%. During the same quarter in the prior year, the company earned $0.57 earnings per share. sell-side analysts anticipate that Zions Bancorporation will post 2.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 15th were paid a $0.16 dividend. This is an increase from Zions Bancorporation’s previous quarterly dividend of $0.12. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, November 14th. Zions Bancorporation’s dividend payout ratio is currently 24.06%.

In other Zions Bancorporation news, EVP Keith D. Maio sold 13,019 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were 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, insider Bruce K. Alexander sold 6,089 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $47.97, for a total transaction of $292,089.33. The disclosure for this sale can be found here. Insiders sold a total of 43,979 shares of company stock worth $2,057,927 over the last 90 days. Insiders own 1.46% of the company’s stock.

ZION has been the topic of several analyst reports. Robert W. Baird downgraded shares of Zions Bancorporation from a “neutral” rating to an “underperform” rating and cut their price target for the company from $46.12 to $43.00 in a report on Monday, August 7th. Wells Fargo & Company initiated coverage on shares of Zions Bancorporation in a report on Wednesday, August 9th. They set an “outperform” rating and a $56.00 price target on the stock. Bank of America upgraded shares of Zions Bancorporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $50.00 to $52.00 in a report on Wednesday, August 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $51.00 price target on shares of Zions Bancorporation in a report on Saturday, September 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $49.00 price target on shares of Zions Bancorporation in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $49.84.

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

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