Zions Bancorp Unusual Bearish Options Activity Means Higher Risks

 Zions Bancorp Unusual Bearish Options Activity Means Higher Risks

In today’s session Zions Bancorp (ZION) recorded an unusually high (265) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ZION decrease. With 265 contracts traded and 584 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ZION161216P00037000 closed last at: $1.2 or 57.9% up. About 713,612 shares traded hands. Zions Bancorp (NASDAQ:ZION) has risen 47.40% since April 18, 2016 and is uptrending. It has outperformed by 42.96% the S&P500.

Zions Bancorp (NASDAQ:ZION) Ratings Coverage

Out of 22 analysts covering Zions Bancorporation (NASDAQ:ZION), 9 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 41% are positive. Zions Bancorporation has been the topic of 62 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of ZION in a report on Thursday, November 10 with “Outperform” rating. The rating was maintained by Bernstein on Tuesday, April 26 with “Outperform”. Jefferies maintained Zions Bancorp (NASDAQ:ZION) rating on Wednesday, July 27. Jefferies has “Hold” rating and $31 price target. Barclays Capital maintained it with “Overweight” rating and $38 target price in Friday, October 9 report. On Wednesday, November 16 the stock rating was downgraded by Bernstein to “Mkt Perform”. The stock of Zions Bancorp (NASDAQ:ZION) earned “Mkt Perform” rating by FBR Capital on Tuesday, October 25. On Tuesday, April 26 the stock rating was maintained by UBS with “Sell”. The company was upgraded on Tuesday, August 18 by Barclays Capital. The stock has “Neutral” rating given by Piper Jaffray on Tuesday, November 24. Sandler O’Neill upgraded Zions Bancorp (NASDAQ:ZION) on Wednesday, August 5 to “Buy” rating.

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 increased to 1.13 in Q2 2016. Its up 0.14, from 0.99 in 2016Q1. The ratio improved, 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.
Quantbot L P accumulated 0.25% or 92,960 shares. Sei reported 427,045 shares or 0.06% of all its holdings. Orrstown Incorporated accumulated 0% or 100 shares. Canada Pension Plan Board accumulated 10 shares or 0% of the stock. Arizona State Retirement reported 50,151 shares or 0.02% of all its holdings. Moreover, Rice Hall James And Assoc Ltd has 0.12% invested in Zions Bancorp (NASDAQ:ZION) for 85,588 shares. Cornerstone Capital Mgmt Holding Ltd last reported 43,773 shares in the company. Tudor Corp Et Al has 25,647 shares for 0.01% of their US portfolio. Wfg Ltd Partnership reported 1 shares or 0% of all its holdings. Neuberger Berman Group Lc holds 0% or 18,136 shares in its portfolio. Lmr Prns Ltd Liability Partnership has 0.12% invested in the company for 29,562 shares. Schneider Capital has 27,918 shares for 0.13% of their US portfolio. Point72 Asia (Hong Kong) Limited has 0.04% invested in the company for 1,400 shares. Monarch Partners Asset Mgmt Ltd Limited Liability Company reported 395,963 shares or 1% of all its holdings. Stevens Capital Mngmt Limited Partnership last reported 0.28% of its portfolio in the stock.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 12 selling transactions for $4.89 million net activity. 3,981 shares were sold by BLACKFORD DAVID E, worth $111,474 on Thursday, May 26. 11,571 shares were sold by Hume Alexander, worth $445,796. LAURSEN THOMAS E also sold $99,659 worth of Zions Bancorp (NASDAQ:ZION) on Wednesday, May 25. 19,893 shares were sold by Young Mark Richard, worth $641,949. Shares for $666,262 were sold by Morris Michael. 9,000 shares with value of $251,730 were sold by Maio Keith D on Friday, July 29. ANDERSON A SCOTT sold 5,000 shares worth $139,620.

Zions Bancorporation is a financial holding company. The company has a market cap of $7.83 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 20.73 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 Thestreet.com published article titled: “Zions Bancorp (ZION) Stock Edges Down in After-Hours Trade After Q3 Results”, Nasdaq.com published: “New Stock Buys Of Top Mutual Funds: Netflix, Zions Bancorp, Chip Stocks” on November 04, 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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