Zions Bancorporation (ZION) Shareholder Broadview Advisors LLC Has Lowered Its Position as Stock Declined

October 12, 2017 - By Dolores Ford

Investors sentiment increased to 1.09 in Q2 2017. Its up 0.13, from 0.96 in 2017Q1. It is positive, as 57 investors sold ZION shares while 130 reduced holdings. 68 funds opened positions while 136 raised stakes. 183.76 million shares or 0.95% less from 185.52 million shares in 2017Q1 were reported. Hightower Advisors Ltd Co reported 0.07% in Zions Bancorp (NASDAQ:ZION). Holderness Investments invested 0.11% in Zions Bancorp (NASDAQ:ZION). Highlander Cap Mngmt Llc holds 3,000 shares or 0.11% of its portfolio. Tocqueville Asset Mngmt LP reported 0% in Zions Bancorp (NASDAQ:ZION). Moreover, North Star Invest has 0% invested in Zions Bancorp (NASDAQ:ZION). Natixis, a France-based fund reported 45,206 shares. Americafirst Cap Mgmt Ltd Liability Corp reported 3,994 shares stake. Cadence Capital Limited Co holds 8,139 shares. State Of Tennessee Treasury Department invested 0.03% of its portfolio in Zions Bancorp (NASDAQ:ZION). Seizert Cap Ptnrs Limited Liability Corp invested 1.95% of its portfolio in Zions Bancorp (NASDAQ:ZION). Los Angeles Mgmt Equity Research Inc has invested 0.03% of its portfolio in Zions Bancorp (NASDAQ:ZION). Brinker Capital holds 0.06% in Zions Bancorp (NASDAQ:ZION) or 30,962 shares. Mesirow Invest Management has invested 0.08% of its portfolio in Zions Bancorp (NASDAQ:ZION). Schwab Charles Invest Management stated it has 1.07M shares. Meeder Asset Management, a Ohio-based fund reported 17,933 shares.

Since May 8, 2017, it had 0 insider buys, and 8 insider sales for $2.79 million activity. BLACKFORD DAVID E had sold 942 shares worth $38,090 on Monday, May 15. Another trade for 11,972 shares valued at $481,777 was made by Reilly Joseph L. on Monday, May 22. Linderman LeeAnne B had sold 8,484 shares worth $339,736. Young Mark Richard had sold 3,586 shares worth $142,048 on Wednesday, May 31. LAURSEN THOMAS E sold 860 shares worth $35,398.

Broadview Advisors Llc decreased its stake in Zions Bancorporation (ZION) by 15.87% based on its latest 2017Q2 regulatory filing with the SEC. Broadview Advisors Llc sold 93,700 shares as the company’s stock declined 10.19% while stock markets rallied. The institutional investor held 496,750 shares of the major banks company at the end of 2017Q2, valued at $21.81M, down from 590,450 at the end of the previous reported quarter. Broadview Advisors Llc who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $9.54 billion market cap company. The stock declined 0.23% or $0.11 reaching $47.17 per share. About 352,488 shares traded. Zions Bancorp (NASDAQ:ZION) has risen 48.85% since October 12, 2016 and is uptrending. It has outperformed by 32.15% the S&P500.

Broadview Advisors Llc, which manages about $1.12B and $676.01M US Long portfolio, upped its stake in Celanese Corp Del (NYSE:CE) by 33,400 shares to 103,800 shares, valued at $9.86 million in 2017Q2, according to the filing. It also increased its holding in Pra Group Inc (NASDAQ:PRAA) by 141,200 shares in the quarter, for a total of 241,850 shares, and has risen its stake in Chemical Finl Corp (NASDAQ:CHFC).

Analysts expect Zions Bancorp (NASDAQ:ZION) to report $0.73 EPS on October, 23.They anticipate $0.16 EPS change or 28.07 % from last quarter’s $0.57 EPS. ZION’s profit would be $147.64M giving it 16.15 P/E if the $0.73 EPS is correct. After having $0.73 EPS previously, Zions Bancorp’s analysts see 0.00 % EPS growth.

More notable recent Zions Bancorp (NASDAQ:ZION) news were published by: Prnewswire.com which released: “Zions Bancorporation Women Featured As “Top Team” In American Banker Magazine …” on September 26, 2017, also Streetinsider.com with their article: “UPDATE: Baird Downgrades Zions Bancorp (ZION) to Underperform” published on October 02, 2017, Prnewswire.com published: “Zions Bancorporation To Report Third Quarter 2017 Earnings Results” on October 06, 2017. More interesting news about Zions Bancorp (NASDAQ:ZION) were released by: Investorplace.com and their article: “Best Stocks for 2017: Zions Bancorp (ZION) Is Bouncing Back” published on September 29, 2017 as well as Seekingalpha.com‘s news article titled: “Zions Bancorp (ZION) Presents at Barclays Global Financial Service Broker …” with publication date: September 13, 2017.

Zions Bancorp (NASDAQ:ZION) Ratings Coverage

Among 26 analysts covering Zions Bancorporation (NASDAQ:ZION), 12 have Buy rating, 1 Sell and 13 Hold. Therefore 46% are positive. Zions Bancorporation had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Compass Point with “Buy” on Friday, January 29. Keefe Bruyette & Woods maintained Zions Bancorp (NASDAQ:ZION) on Sunday, August 27 with “Hold” rating. On Wednesday, March 29 the stock rating was upgraded by Compass Point to “Buy”. As per Tuesday, August 16, the company rating was maintained by Credit Suisse. The rating was initiated by JMP Securities on Thursday, February 2 with “Mkt Perform”. The rating was maintained by UBS on Tuesday, April 26 with “Sell”. Bernstein downgraded Zions Bancorp (NASDAQ:ZION) on Wednesday, November 16 to “Mkt Perform” rating. The stock of Zions Bancorp (NASDAQ:ZION) has “Outperform” rating given on Tuesday, April 26 by Bernstein. The stock of Zions Bancorp (NASDAQ:ZION) has “Neutral” rating given on Wednesday, January 11 by UBS. Keefe Bruyette & Woods downgraded Zions Bancorp (NASDAQ:ZION) on Tuesday, October 25 to “Mkt Perform” rating.

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