How Analysts Feel About Zions Bancorp After Today’s Bearish Options Activity?

 How Analysts Feel About Zions Bancorp After Today's Bearish Options Activity?

In today’s session Zions Bancorp (ZION) recorded an unusually high (1,570) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ZION decrease. With 1,570 contracts traded and 6844 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ZION161118P00031000 closed last at: $0.49 or 25.6% up. About 882,713 shares traded hands. Zions Bancorp (NASDAQ:ZION) has risen 30.78% since March 30, 2016 and is uptrending. It has outperformed by 27.76% the S&P500.

Zions Bancorp (NASDAQ:ZION) Ratings Coverage

Out of 20 analysts covering Zions Bancorporation (NASDAQ:ZION), 9 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 45% are positive. Zions Bancorporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Zions Bancorp (NASDAQ:ZION) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. Credit Suisse maintained the shares of ZION in a report on Tuesday, April 26 with “Outperform” rating. Piper Jaffray downgraded the shares of ZION in a report on Monday, October 10 to “Neutral” rating. The stock has “Outperform” rating given by Bernstein on Wednesday, August 26. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 18. As per Friday, October 9, the company rating was maintained by Barclays Capital. The rating was upgraded by Goldman Sachs on Wednesday, September 16 to “Buy”. Guggenheim upgraded the stock to “Best Ideas List” rating in Tuesday, July 21 report. UBS maintained Zions Bancorp (NASDAQ:ZION) rating on Tuesday, January 26. UBS has “Sell” rating and $20.0 price target. The rating was upgraded by Susquehanna to “Positive” on Tuesday, June 7.

According to Zacks Investment Research, “Zions Bancorporation is a multi-bank holding company. Zions focuses on maintaining community-minded banking by strengthening its core business lines of retail banking, small and medium-sized business lending, residential mortgage and investment activities. The banks provide a wide variety of commercial and retail banking and mortgage-lending financial services. Commercial loans, lease financing, cash management, lockbox, customized draft processing, and other special financial services are provided for business and other commercial banking customers.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.10, from 1.09 in 2016Q1. The ratio turned negative, as 35 funds sold all Zions Bancorp shares owned while 110 reduced positions. 41 funds bought stakes while 102 increased positions. They now own 179.67 million shares or 2.27% less from 183.83 million shares in 2016Q1.
Blackrock Institutional Co Na holds 0.02% or 5.30M shares in its portfolio. Next Grp Inc has 0.15% invested in the company for 18,511 shares. Moreover, Ngam Advsr Limited Partnership has 0.01% invested in Zions Bancorp (NASDAQ:ZION) for 15,222 shares. Checchi Capital Advisers Ltd Liability Corp owns 1,273 shares or 0% of their US portfolio. Huntington Bancorp accumulated 0% or 713 shares. Ubs Asset Mngmt Americas, a Illinois-based fund reported 204,023 shares. Tcw holds 2.94 million shares or 0.56% of its portfolio. Trexquant Investment L P has 37,600 shares for 0.12% of their US portfolio. Thrivent Finance For Lutherans holds 0.61% or 5.09 million shares in its portfolio. Sumitomo Mitsui Tru Hldg Incorporated has 9,968 shares for 0% of their US portfolio. The New York-based Rothschild Asset Mgmt has invested 0.21% in Zions Bancorp (NASDAQ:ZION). First Mercantile Tru Company has invested 0.11% of its portfolio in Zions Bancorp (NASDAQ:ZION). Deutsche Comml Bank Ag has invested 0.01% of its portfolio in Zions Bancorp (NASDAQ:ZION). Maltese Ltd Liability Co last reported 1.66% of its portfolio in the stock. Hotchkis And Wiley Cap Mngmt Limited Liability holds 0.07% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 606,158 shares.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 10 sales for $2.95 million net activity. BLACKFORD DAVID E also sold $45,049 worth of Zions Bancorp (NASDAQ:ZION) on Friday, July 29. On Wednesday, August 17 Young Mark Richard sold $1.35M worth of the stock or 65,000 shares. $240,649 worth of shares were sold by Morris Michael on Friday, May 27. 5,000 Zions Bancorp (NASDAQ:ZION) shares with value of $139,620 were sold by ANDERSON A SCOTT. 3,500 Zions Bancorp (NASDAQ:ZION) shares with value of $99,659 were sold by LAURSEN THOMAS E. 2,500 shares with value of $64,485 were sold by Haun Dallas E on Thursday, May 5. STEPHENS STEVEN DAN had sold 10,000 shares worth $270,945 on Friday, May 20.

Zions Bancorporation is a financial holding company. The company has a market cap of $6.58 billion. The Firm operates through seven divisions: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It has a 17.55 P/E ratio. It focuses on providing community banking services and its core business lines are 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; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

ZION Company Profile

Zions Bancorporation, incorporated on April 25, 1955, is a financial holding company. The Firm conducts its banking activities through seven separately managed and branded divisions: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. The Firm owns and operates a commercial bank with approximately 450 domestic branches. The Firm provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

More important recent Zions Bancorp (NASDAQ:ZION) news were published by: Marketwatch.com which released: “Zions Bancorp profit rises 26%” on October 24, 2016, also Seekingalpha.com published article titled: “Zions Bancorp: Strong 3Q”, Thestreet.com published: “Zions Bancorp (ZION) Stock Downgraded at Piper Jaffray” on October 10, 2016. More interesting news about Zions Bancorp (NASDAQ:ZION) was released by: Seekingalpha.com and their article: “Zions Bancorp. (ZION) Q3 2016 Results – Earnings Call Transcript” with publication date: October 25, 2016.

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