Zions Bancorporation (NASDAQ:ZION) is expected to pay $0.08 on Nov 23, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Zions Bancorporation’s current price of $36.97, the dividend is 0.22%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 31, 2016. The stock increased 1.01% or $0.37 on November 11, hitting $36.97. About 3.99 million shares traded hands or 18.40% up from the average. Zions Bancorp (NASDAQ:ZION) has risen 50.96% since April 12, 2016 and is uptrending. It has outperformed by 45.98% the S&P500.
Zions Bancorporation is a financial holding company. The company has a market cap of $7.61 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 20.18 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.
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.
Proshare Advsr Ltd, a Maryland-based fund reported 53,840 shares. D E Shaw Inc holds 0.02% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 500,139 shares. Seizert Cap Partners Limited Liability Corp accumulated 1.83 million shares or 1.75% of the stock. Bnp Paribas Arbitrage Sa holds 49,738 shares or 0.01% of its portfolio. Twin Capital Mgmt has 0.24% invested in the company for 128,320 shares. Jacobs Levy Equity Inc has 226,990 shares for 0.12% of their US portfolio. Blackrock Gru Ltd accumulated 0.01% or 884,464 shares. Cambridge Inv Advisors Inc last reported 27,245 shares in the company. New Mexico Educational Retirement Board holds 23,222 shares or 0.03% of its portfolio. Pub Sector Pension Invest Board last reported 38,787 shares in the company. King Luther Capital Mngmt accumulated 1.40 million shares or 0.34% of the stock. Whittier Of Nevada last reported 303 shares in the company. Basswood Cap Management Lc accumulated 120,892 shares or 0.18% of the stock. Mcf Limited holds 0.01% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 886 shares. Louisiana State Employees Retirement System holds 0.02% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 13,400 shares.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 11 insider sales for $4.05 million net activity. On Thursday, May 26 BLACKFORD DAVID E sold $111,474 worth of the stock or 3,981 shares. Morris Michael had sold 8,634 shares worth $240,649. LAURSEN THOMAS E sold $322,580 worth of stock. Shares for $139,620 were sold by ANDERSON A SCOTT on Friday, May 27. The insider Maio Keith D sold $251,730. Young Mark Richard sold 19,893 shares worth $641,949. 10,000 shares were sold by STEPHENS STEVEN DAN, worth $270,945 on Friday, May 20.
Zions Bancorp (NASDAQ:ZION) Ratings Coverage
Out of 21 analysts covering Zions Bancorporation (NASDAQ:ZION), 10 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 48% are positive. Zions Bancorporation has been the topic of 60 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Tuesday, October 11. The firm earned “Mkt Perform” rating on Thursday, October 6 by Raymond James. The company was maintained on Friday, October 9 by Barclays Capital. The firm has “Outperform” rating given on Tuesday, April 26 by Macquarie Research. The firm has “Buy” rating given on Friday, January 29 by Compass Point. The stock has “Overweight” rating given by Barclays Capital on Tuesday, August 18. The rating was upgraded by Susquehanna to “Positive” on Tuesday, June 7. JP Morgan maintained Zions Bancorp (NASDAQ:ZION) rating on Tuesday, April 26. JP Morgan has “Neutral” rating and $28 price target. The stock of Zions Bancorp (NASDAQ:ZION) has “Outperform” rating given on Tuesday, April 26 by Bernstein. The stock has “Buy” rating given by Sandler O’Neill on Wednesday, August 5.
More recent Zions Bancorp (NASDAQ:ZION) news were published by: Marketwatch.com which released: “Zions Bancorp profit rises 26%” on October 24, 2016. Also Thestreet.com published the news titled: “Zions Bancorp (ZION) Stock Edges Down in After-Hours Trade After Q3 Results” on October 24, 2016. Nasdaq.com‘s news article titled: “New Stock Buys Of Top Mutual Funds: Netflix, Zions Bancorp, Chip Stocks” with publication date: November 04, 2016 was also an interesting one.
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.
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