Is Zions Bancorporation (NASDAQ:ZION) a Buy? The Stock Reported Less Sellers

March 16, 2018 - By Adrian Erickson

 Is Zions Bancorporation (NASDAQ:ZION) a Buy? The Stock Reported Less Sellers

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.04, from 1.09 in 2017Q2. It is negative, as 45 investors sold Zions Bancorporation shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported.
6,937 are held by Daiwa Securities Grp Inc. Amalgamated Bank & Trust reported 39,416 shares stake. United Service Automobile Association has invested 0.01% in Zions Bancorporation (NASDAQ:ZION). Glob X Mngmt has invested 0.01% in Zions Bancorporation (NASDAQ:ZION). First Republic has invested 0% in Zions Bancorporation (NASDAQ:ZION). The New York-based Cornerstone Management Ltd Co has invested 0.01% in Zions Bancorporation (NASDAQ:ZION). 225,635 are held by State Of Tennessee Treasury Department. Jpmorgan Chase And accumulated 3.32 million shares. Heartland Advsrs Incorporated invested in 396,129 shares or 1.21% of the stock. Cubist Systematic Strategies Ltd Llc accumulated 10,882 shares or 0.03% of the stock. Elizabeth Park Cap Limited has 258,852 shares for 4.74% of their portfolio. The Pennsylvania-based Brandywine Lc has invested 0.07% in Zions Bancorporation (NASDAQ:ZION). Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma stated it has 0% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Panagora Asset Management has 0.16% invested in Zions Bancorporation (NASDAQ:ZION). Sii Investments Wi stated it has 25,527 shares or 0.07% of all its holdings.

Since December 8, 2017, it had 0 insider buys, and 12 selling transactions for $4.31 million activity. On Tuesday, February 13 the insider Linderman LeeAnne B sold $159,120. 4,754 shares valued at $260,550 were sold by ALEXANDER BRUCE K on Tuesday, February 20. Another trade for 1,500 shares valued at $81,375 was sold by James Dianne R. Shares for $1.76 million were sold by MCLEAN SCOTT J. 7,100 Zions Bancorporation (NASDAQ:ZION) shares with value of $389,577 were sold by STEPHENS STEVEN DAN. LAURSEN THOMAS E sold $67,844 worth of Zions Bancorporation (NASDAQ:ZION) on Wednesday, January 31.

The stock of Zions Bancorporation (NASDAQ:ZION) registered a decrease of 1.83% in short interest. ZION’s total short interest was 20.57M shares in March as published by FINRA. Its down 1.83% from 20.95M shares, reported previously. With 2.13 million shares average volume, it will take short sellers 10 days to cover their ZION’s short positions. The short interest to Zions Bancorporation’s float is 10.57%.

The stock increased 1.57% or $0.86 during the last trading session, reaching $55.61. About 647,161 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since March 16, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Zions Bancorporation, a financial holding company, provides a range of banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company has market cap of $10.93 billion. The firm 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 services and products; and residential mortgage servicing and lending. It has a 21.39 P/E ratio. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

Zions Bancorporation (NASDAQ:ZION) Ratings Coverage

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 18 have Buy rating, 1 Sell and 12 Hold. Therefore 58% are positive. Zions Bancorporation has $65.0 highest and $1 lowest target. $47.77’s average target is -14.10% below currents $55.61 stock price. Zions Bancorporation had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Positive” rating on Tuesday, June 7 by Susquehanna. The firm earned “Overweight” rating on Friday, October 9 by Barclays Capital. The stock of Zions Bancorporation (NASDAQ:ZION) has “Equal-Weight” rating given on Wednesday, November 16 by Morgan Stanley. Keefe Bruyette & Woods maintained it with “Buy” rating and $62.0 target in Monday, February 26 report. The stock of Zions Bancorporation (NASDAQ:ZION) has “Hold” rating given on Tuesday, July 25 by Piper Jaffray. Keefe Bruyette & Woods maintained it with “Hold” rating and $47.0 target in Sunday, August 27 report. As per Tuesday, July 21, the company rating was upgraded by Guggenheim. FBR Capital maintained the stock with “Buy” rating in Monday, November 20 report. The stock has “Hold” rating by Piper Jaffray on Monday, October 23. JMP Securities initiated the stock with “Mkt Perform” rating in Thursday, February 2 report.

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