As Zions Bancorporation (ZION) Stock Declined, Broadview Advisors LLC Cut Stake by $4.73 Million

March 14, 2018 - By Vivian Currie

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It is negative, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. Brinker Cap holds 0.07% or 35,159 shares in its portfolio. Los Angeles Cap Equity Rech reported 0.02% stake. Arizona State Retirement Sys owns 104,891 shares or 0.06% of their US portfolio. Cambridge Investment Research Advisors Inc holds 24,251 shares. Jane Street Group Ltd Company holds 0% or 12,060 shares in its portfolio. Renaissance Techs Llc accumulated 4,300 shares. Tcw Gp holds 1.11% in Zions Bancorporation (NASDAQ:ZION) or 2.95 million shares. Clinton Group has 21,655 shares. Bank Of Nova Scotia owns 0.01% invested in Zions Bancorporation (NASDAQ:ZION) for 34,851 shares. Kentucky Retirement Insur Tru Fund reported 0.04% in Zions Bancorporation (NASDAQ:ZION). Basswood Cap Mngmt invested in 368,695 shares or 0.8% of the stock. Nomura Asset Limited, Japan-based fund reported 28,689 shares. Stevens Cap Limited Partnership owns 0.39% invested in Zions Bancorporation (NASDAQ:ZION) for 220,199 shares. Massachusetts-based Wellington Management Gru Limited Liability Partnership has invested 0.02% in Zions Bancorporation (NASDAQ:ZION). Colony Group Inc Ltd Co invested in 4,863 shares.

Since December 8, 2017, it had 0 insider buys, and 12 selling transactions for $4.31 million activity. On Tuesday, February 13 BLACKFORD DAVID E sold $105,992 worth of Zions Bancorporation (NASDAQ:ZION) or 2,047 shares. $67,844 worth of Zions Bancorporation (NASDAQ:ZION) was sold by LAURSEN THOMAS E. Shares for $1.76M were sold by MCLEAN SCOTT J on Friday, February 23. $58,296 worth of stock was sold by Linderman LeeAnne B on Tuesday, February 27. $81,375 worth of stock was sold by James Dianne R on Wednesday, February 14. On Wednesday, January 31 the insider Hume Alexander sold $387,649.

Broadview Advisors Llc decreased its stake in Zions Bancorporation (ZION) by 20.27% based on its latest 2017Q3 regulatory filing with the SEC. Broadview Advisors Llc sold 100,700 shares as the company’s stock declined 10.19% while stock markets rallied. The institutional investor held 396,050 shares of the major banks company at the end of 2017Q3, valued at $18.69M, down from 496,750 at the end of the previous reported quarter. Broadview Advisors Llc who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.78B market cap company. The stock decreased 1.63% or $0.91 during the last trading session, reaching $54.84. About 931,998 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since March 14, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on April, 23. They expect $0.83 earnings per share, up 36.07 % or $0.22 from last year’s $0.61 per share. ZION’s profit will be $163.11M for 16.52 P/E if the $0.83 EPS becomes a reality. After $0.80 actual earnings per share reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 3.75 % EPS growth.

More important recent Zions Bancorporation (NASDAQ:ZION) news were published by: which released: “ZIONS BANCORPORATION” on March 01, 2018, also published article titled: “Why Is Zions Bancorporation (ZION) Up 1.5% Since Its Last Earnings Report?”, published: “Vectra Bank thrives under parent company’s consolidated charter” on March 12, 2018. More interesting news about Zions Bancorporation (NASDAQ:ZION) was released by: and their article: “Zions Bancorporation (ZION) Ex-Dividend Date Scheduled for February 14, 2018” with publication date: February 13, 2018.

Zions Bancorporation (NASDAQ:ZION) Ratings Coverage

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 17 have Buy rating, 1 Sell and 13 Hold. Therefore 55% are positive. Zions Bancorporation had 128 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird to “Underperform” on Monday, October 2. Piper Jaffray maintained Zions Bancorporation (NASDAQ:ZION) on Tuesday, October 3 with “Hold” rating. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The rating was maintained by Piper Jaffray on Monday, October 23 with “Hold”. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Hold” rating by BMO Capital Markets on Wednesday, June 28. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, May 24 report. RBC Capital Markets maintained Zions Bancorporation (NASDAQ:ZION) on Thursday, November 10 with “Outperform” rating. As per Friday, September 15, the company rating was maintained by Jefferies. Zacks upgraded Zions Bancorporation (NASDAQ:ZION) on Monday, August 31 to “Hold” rating. The stock has “Buy” rating by Sandler O’Neill on Friday, March 9.

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