Zions Bancorp (NASDAQ:ZION) Loses “Buy” Rating

September 8, 2018 - By Megan Stone

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.14, from 1.07 in 2017Q4. It dropped, 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.

Trust Department Mb Bank & Trust N A holds 0.67% in Zions Bancorporation (NASDAQ:ZION) or 110,873 shares. Strs Ohio owns 22,048 shares or 0.01% of their US portfolio. Rafferty Asset Limited Liability stated it has 0.05% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Proshare Advsrs Limited Liability Co holds 0.02% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 68,259 shares. The Japan-based Asset Management One Com Limited has invested 0.04% in Zions Bancorporation (NASDAQ:ZION). Utd Ser Automobile Association has 0.01% invested in Zions Bancorporation (NASDAQ:ZION). Three Peaks Management Limited Liability Corp invested in 2,117 shares. 116,015 were reported by Natl Bank Of Nova Scotia. Bp Public, a United Kingdom-based fund reported 21,000 shares. 41,738 were reported by Cibc Asset Management. Ameriprise Financial Inc invested in 0.04% or 1.51 million shares. Fincl Counselors holds 40,945 shares. 8,058 are held by Liberty Mutual Grp Inc Asset Management Inc. California State Teachers Retirement System holds 0.04% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 325,448 shares. Hennessy Advsr stated it has 0.07% in Zions Bancorporation (NASDAQ:ZION).

Since April 26, 2018, it had 0 buys, and 9 sales for $2.82 million activity. BLACKFORD DAVID E sold $359,924 worth of stock. Shares for $554,668 were sold by Maio Keith D on Friday, April 27. Another trade for 11,809 shares valued at $648,082 was made by MCLEAN SCOTT J on Monday, April 30. On Friday, April 27 LAURSEN THOMAS E sold $77,238 worth of Zions Bancorporation (NASDAQ:ZION) or 1,400 shares. Young Mark Richard sold $135,325 worth of stock. $220,557 worth of Zions Bancorporation (NASDAQ:ZION) was sold by Hume Alexander on Tuesday, August 21.

Zions Bancorp (NASDAQ:ZION) Receives a Downgrade

In a research report sent to clients and investors on Friday, 7 September, UBS has decided to lowered rating on Zions Bancorp (NASDAQ:ZION) shares to a “Neutral”. ZION’s prior rating was a “Buy”.

Zions Bancorporation (NASDAQ:ZION) Ratings Coverage

Among 14 analysts covering Zions Bancorp (NASDAQ:ZION), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Zions Bancorp has $67 highest and $53 lowest target. $60.21’s average target is 14.12% above currents $52.76 stock price. Zions Bancorp had 21 analyst reports since March 9, 2018 according to SRatingsIntel. As per Monday, April 23, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained the shares of ZION in report on Friday, March 23 with “Hold” rating. The stock has “Overweight” rating by Barclays Capital on Tuesday, April 24. The stock has “Overweight” rating by Barclays Capital on Wednesday, July 11. The stock has “Buy” rating by RBC Capital Markets on Monday, April 23. The rating was maintained by Jefferies on Monday, April 23 with “Buy”. The stock has “Buy” rating by Vining Sparks on Friday, April 6. The company was maintained on Tuesday, July 24 by BMO Capital Markets. Piper Jaffray maintained Zions Bancorporation (NASDAQ:ZION) rating on Monday, April 23. Piper Jaffray has “Hold” rating and $5500 target. The firm has “Buy” rating given on Tuesday, April 24 by Sandler O’Neill.

The stock decreased 1.05% or $0.56 during the last trading session, reaching $52.76. About 2.00M shares traded. Zions Bancorporation (NASDAQ: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 earnings per share, up 33.33 % or $0.24 from last year’s $0.72 per share. ZION’s profit will be $186.63M for 13.74 P/E if the $0.96 EPS becomes a reality. After $0.89 actual earnings per share 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 Seekingalpha.com 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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