Ontario Teachers Pension Plan Board Purchases Shares of 27,797 Zions Bancorporation NA (NASDAQ:ZION)

Ontario Teachers Pension Plan Board purchased a new position in shares of Zions Bancorporation NA (NASDAQ:ZION) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,797 shares of the bank’s stock, valued at approximately $1,262,000.

Other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. boosted its position in shares of Zions Bancorporation NA by 15.8% during the fourth quarter. D.A. Davidson & CO. now owns 6,021 shares of the bank’s stock valued at $245,000 after buying an additional 823 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Zions Bancorporation NA by 41.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 27,140 shares of the bank’s stock valued at $1,106,000 after buying an additional 8,000 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Zions Bancorporation NA by 4.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,830 shares of the bank’s stock valued at $808,000 after buying an additional 818 shares during the period. Rhumbline Advisers boosted its position in shares of Zions Bancorporation NA by 0.3% during the fourth quarter. Rhumbline Advisers now owns 374,509 shares of the bank’s stock valued at $15,257,000 after buying an additional 1,295 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Zions Bancorporation NA by 7.8% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 331,379 shares of the bank’s stock valued at $13,500,000 after buying an additional 23,877 shares during the period. 95.12% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on ZION. JPMorgan Chase & Co. lowered Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $53.00 to $50.00 in a report on Thursday, April 4th. BidaskClub lowered Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. Zacks Investment Research lowered Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Thursday. Finally, ValuEngine lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.07.

NASDAQ:ZION traded up $0.44 during mid-day trading on Monday, hitting $46.42. The company’s stock had a trading volume of 1,528,100 shares, compared to its average volume of 2,318,324. Zions Bancorporation NA has a 1 year low of $38.08 and a 1 year high of $54.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $8.39 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50. The business’s fifty day moving average price is $44.74.

Zions Bancorporation NA (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. The firm had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $715.64 million. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts predict that Zions Bancorporation NA will post 4.49 EPS for the current fiscal year.

In other Zions Bancorporation NA news, insider A Scott Anderson sold 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.22, for a total value of $472,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Richard Young sold 2,386 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $43.93, for a total transaction of $104,816.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,100 shares of company stock worth $1,424,658. Corporate insiders own 1.70% of the company’s stock.

About Zions Bancorporation NA

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 Bancorporation NA (NASDAQ:ZION)

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