Stock Buzzer: What’s in Zions Bancorp After Today’s Huge Increase?

Stock Buzzer: What's in Zions Bancorp After Today's Huge Increase?

The stock of Zions Bancorp (NASDAQ:ZION) is a huge mover today! About 4.99 million shares traded hands or 55.45% up from the average. Zions Bancorp (NASDAQ:ZION) has risen 47.51% since April 8, 2016 and is uptrending. It has outperformed by 41.86% the S&P500.
The move comes after 7 months positive chart setup for the $7.99B company. It was reported on Nov, 10 by Barchart.com. We have $49.16 PT which if reached, will make NASDAQ:ZION worth $2.72B more.

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. As per Tuesday, June 7, the company rating was upgraded by Susquehanna. Piper Jaffray downgraded the shares of ZION in a report on Monday, October 10 to “Neutral” rating. The rating was maintained by Barclays Capital on Friday, October 9 with “Overweight”. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 26. The company was maintained on Wednesday, July 27 by Barclays Capital. Barclays Capital upgraded the shares of ZION in a report on Tuesday, August 18 to “Overweight” rating. The stock of Zions Bancorp (NASDAQ:ZION) has “Sell” rating given on Tuesday, January 26 by UBS. The firm has “Best Ideas List” rating given on Tuesday, July 21 by Guggenheim. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, October 25 to “Mkt Perform”. The stock of Zions Bancorp (NASDAQ:ZION) has “Neutral” rating given on Thursday, May 12 by Compass Point.

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 dropped, 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.
The Alaska-based State Of Alaska Department Of Revenue has invested 0.04% in Zions Bancorp (NASDAQ:ZION). Cornerstone Capital Management Hldgs has invested 0.01% of its portfolio in Zions Bancorp (NASDAQ:ZION). Alyeska Investment Lp accumulated 0.22% or 866,199 shares. Guggenheim Capital Lc accumulated 2.08 million shares or 0.16% of the stock. Elizabeth Park Ltd last reported 516,909 shares in the company. Panagora Asset Mgmt last reported 63,933 shares in the company. Henderson Pcl has invested 0% of its portfolio in Zions Bancorp (NASDAQ:ZION). Nordea Invest Mgmt Ab accumulated 2,557 shares or 0% of the stock. Goldman Sachs Gp Inc holds 0.02% of its portfolio in Zions Bancorp (NASDAQ:ZION) for 3.01 million shares. Glob X Mngmt Limited Liability last reported 28 shares in the company. Aviva Public Ltd Co last reported 122,909 shares in the company. Maltese Cap Mgmt Limited Com reported 528,200 shares or 1.66% of all its holdings. Moreover, Next Group Inc has 0.15% invested in Zions Bancorp (NASDAQ:ZION) for 18,511 shares. Rmb Cap Limited Company has 0% invested in the company for 27 shares. Royal State Bank Of Canada reported 646,109 shares or 0.01% of all its holdings.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 12 selling transactions for $4.17 million net activity. $251,730 worth of Zions Bancorp (NASDAQ:ZION) was sold by Maio Keith D. Another trade for 4,500 shares valued at $118,807 was made by Haun Dallas E on Tuesday, May 17. Young Mark Richard had sold 65,000 shares worth $1.35 million on Wednesday, August 17. LAURSEN THOMAS E had sold 10,000 shares worth $322,580. 18,000 shares were sold by Morris Michael, worth $583,132. STEPHENS STEVEN DAN had sold 10,000 shares worth $270,945. 1,620 Zions Bancorp (NASDAQ:ZION) shares with value of $45,049 were sold by BLACKFORD DAVID E.

More notable 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 with their article: “Zions Bancorp (ZION) Stock Edges Down in After-Hours Trade After Q3 Results” published on October 24, 2016, 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) were released by: Seekingalpha.com and their article: “Zions Bancorp. (ZION) Q3 2016 Results – Earnings Call Transcript” published on October 25, 2016 as well as Prnewswire.com‘s news article titled: “Zions Bancorporation To Present At The Bank Of America Merrill Lynch Future Of …” with publication date: November 09, 2016.

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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