Fiduciary Management Inc. WI Sells 5,496 Shares of Zions Bancorporation (ZION)

Fiduciary Management Inc. WI cut its holdings in shares of Zions Bancorporation (NASDAQ:ZION) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,776 shares of the bank’s stock after selling 5,496 shares during the period. Fiduciary Management Inc. WI owned about 0.45% of Zions Bancorporation worth $42,357,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in Zions Bancorporation by 217.0% in the third quarter. Allianz Asset Management GmbH now owns 20,204 shares of the bank’s stock valued at $953,000 after purchasing an additional 13,830 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Zions Bancorporation by 9.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,689 shares of the bank’s stock worth $1,353,000 after purchasing an additional 2,569 shares during the period. Engineers Gate Manager LP raised its position in shares of Zions Bancorporation by 192.9% during the third quarter. Engineers Gate Manager LP now owns 31,300 shares of the bank’s stock worth $1,477,000 after purchasing an additional 20,614 shares during the period. Convergence Investment Partners LLC grew its holdings in shares of Zions Bancorporation by 8.1% during the third quarter. Convergence Investment Partners LLC now owns 103,789 shares of the bank’s stock valued at $4,897,000 after buying an additional 7,815 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Zions Bancorporation by 33.2% during the third quarter. Stifel Financial Corp now owns 27,828 shares of the bank’s stock valued at $1,311,000 after buying an additional 6,941 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

In other Zions Bancorporation news, insider Bruce K. Alexander sold 6,089 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $47.97, for a total value of $292,089.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Keith D. Maio sold 13,019 shares of the business’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 disclosure for this sale can be found here. Insiders sold 43,979 shares of company stock worth $2,057,927 in the last 90 days. Corporate insiders own 1.46% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Zions Bancorporation from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Group reiterated a “buy” rating and set a $54.00 price target on shares of Zions Bancorporation in a report on Thursday, October 12th. Robert W. Baird downgraded Zions Bancorporation from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $48.00 price target on shares of Zions Bancorporation in a report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded Zions Bancorporation from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Zions Bancorporation presently has a consensus rating of “Hold” and an average target price of $49.84.

Zions Bancorporation (ZION) opened at $50.88 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation has a 52 week low of $38.43 and a 52 week high of $52.20. The company has a market capitalization of $10,160.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48.

Zions Bancorporation (NASDAQ:ZION) last issued its earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Zions Bancorporation had a net margin of 22.70% and a return on equity of 8.54%. The firm had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $666.83 million. During the same quarter last year, the firm earned $0.57 EPS. equities research analysts forecast that Zions Bancorporation will post 2.8 EPS for the current fiscal year.

The company 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. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. This is an increase from Zions Bancorporation’s previous quarterly dividend of $0.12. Zions Bancorporation’s payout ratio is 23.97%.

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Zions Bancorporation 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.

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

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