Cubist Systematic Strategies LLC raised its position in Zions Bancorp (NASDAQ:ZION) by 21.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,277 shares of the bank’s stock after purchasing an additional 3,188 shares during the period. Cubist Systematic Strategies LLC’s holdings in Zions Bancorp were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Three Peaks Capital Management LLC purchased a new position in Zions Bancorp during the first quarter worth about $112,000. Piedmont Investment Advisors LLC purchased a new position in shares of Zions Bancorp in the 2nd quarter worth about $122,000. NumerixS Investment Technologies Inc purchased a new position in shares of Zions Bancorp in the 2nd quarter worth about $158,000. Crewe Advisors LLC raised its holdings in shares of Zions Bancorp by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 4,000 shares of the bank’s stock worth $210,000 after purchasing an additional 2,000 shares during the period. Finally, IBM Retirement Fund acquired a new stake in shares of Zions Bancorp in the first quarter valued at about $227,000. 94.81% of the stock is currently owned by institutional investors.

In related news, General Counsel Thomas E. Laursen sold 945 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $52.73, for a total transaction of $49,829.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Leeanne B. Linderman sold 5,006 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $53.62, for a total value of $268,421.72. The disclosure for this sale can be found here. Insiders have sold 18,896 shares of company stock worth $1,016,029 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Shares of NASDAQ ZION traded down $0.96 during mid-day trading on Friday, reaching $48.22. The company had a trading volume of 3,725,084 shares, compared to its average volume of 2,193,446. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.38 and a beta of 1.40. Zions Bancorp has a 1-year low of $43.50 and a 1-year high of $59.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Zions Bancorp had a net margin of 25.03% and a return on equity of 10.86%. The firm had revenue of $686.00 million for the quarter, compared to analyst estimates of $687.26 million. During the same period in the previous year, the business posted $0.73 EPS. As a group, analysts anticipate that Zions Bancorp will post 3.94 earnings per share for the current year.

A number of research firms have recently issued reports on ZION. ValuEngine upgraded Zions Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub lowered Zions Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 20th. Morgan Stanley decreased their target price on Zions Bancorp from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 18th. UBS Group downgraded Zions Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, September 7th. Finally, BMO Capital Markets cut their price target on Zions Bancorp from $55.00 to $53.00 and set a “market perform” rating on the stock in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.58.

Zions Bancorp Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company 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 products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorp (NASDAQ:ZION)

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