Are Zions Bancorp (ZION) Shares Worth Your Time and Dime Following Recent UBS Downgrade?

September 8, 2018 - By Kristin Houston

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.14, from 1.07 in 2017Q4. It turned negative, as 37 investors sold Zions Bancorporation shares while 165 reduced holdings. 66 funds opened positions while 122 raised stakes. 179.96 million shares or 1.09% less from 181.93 million shares in 2017Q4 were reported.

Moneta Group Inv Limited Liability reported 40 shares stake. State Of Wisconsin Board, a Wisconsin-based fund reported 84,160 shares. Moreover, Ls Investment Limited has 0.03% invested in Zions Bancorporation (NASDAQ:ZION) for 10,013 shares. Royal Fincl Bank Of Canada owns 180,904 shares. Penn Cap Communication Inc reported 37,235 shares. Denver Advsr Ltd Llc has 18,871 shares. Eaton Vance Mgmt owns 118,076 shares. 333,814 were reported by State Teachers Retirement Sys. Chicago Equity Prtn Ltd Co holds 0.08% in Zions Bancorporation (NASDAQ:ZION) or 47,765 shares. Atria Invests Ltd Liability Com has invested 0.02% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Avalon Advisors Limited Liability Corp holds 0.09% or 56,956 shares. 33,349 are held by Brinker Capital Inc. Commerzbank Aktiengesellschaft Fi holds 0% or 5,023 shares in its portfolio. Ubs Asset Mngmt Americas invested in 701,407 shares or 0% of the stock. Wealthfront reported 19,916 shares or 0.01% of all its holdings.

Since April 26, 2018, it had 0 insider purchases, and 9 sales for $2.82 million activity. Another trade for 3,892 shares valued at $219,213 was made by ALEXANDER BRUCE K on Tuesday, May 8. $56,837 worth of Zions Bancorporation (NASDAQ:ZION) was sold by BLACKFORD DAVID E on Friday, June 1. Shares for $220,557 were sold by Hume Alexander on Tuesday, August 21. Shares for $554,668 were sold by Maio Keith D on Friday, April 27. 2,538 shares valued at $135,325 were sold by Young Mark Richard on Wednesday, August 29. Another trade for 11,809 shares valued at $648,082 was sold by MCLEAN SCOTT J.

Zions Bancorp (ZION) Receives a Downgrade

UBS has lowered the rating for shares of Zions Bancorp (ZION) to a solid “Neutral” in a research report shared with investors and clients on Friday, 7 September. ZION’s previous rating by the firm was a “Buy”.

The stock decreased 1.05% or $0.56 during the last trading session, reaching $52.76. About 2.00M shares traded. Zions Bancorporation (ZION) has risen 39.55% since September 8, 2017 and is uptrending. It has outperformed by 26.98% the S&P500.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on October, 22. They expect $0.96 EPS, up 33.33 % or $0.24 from last year’s $0.72 per share. ZION’s profit will be $186.63 million for 13.74 P/E if the $0.96 EPS becomes a reality. After $0.89 actual EPS reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 7.87 % EPS growth.

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 $10.26 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 16.33 P/E ratio. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

Another recent and important Zions Bancorporation (NASDAQ:ZION) news was published by which published an article titled: “Zion Oil -42% as investors left dangling” on August 17, 2018.

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart

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