Hsbc Holdings PLC Buys 14,664 Shares of Zions Bancorp (ZION)
Hsbc Holdings PLC lifted its stake in Zions Bancorp (NASDAQ:ZION) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,679 shares of the bank’s stock after purchasing an additional 14,664 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Zions Bancorp worth $6,954,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in Zions Bancorp during the 2nd quarter valued at $122,000. NumerixS Investment Technologies Inc purchased a new position in Zions Bancorp during the 2nd quarter valued at $158,000. Huntington National Bank boosted its holdings in Zions Bancorp by 2,443.4% during the 3rd quarter. Huntington National Bank now owns 3,281 shares of the bank’s stock valued at $164,000 after acquiring an additional 3,152 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Zions Bancorp by 1,637.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the bank’s stock valued at $183,000 after acquiring an additional 3,275 shares during the period. Finally, First Personal Financial Services purchased a new position in Zions Bancorp during the 3rd quarter valued at $191,000. Institutional investors own 94.40% of the company’s stock.
In other news, insider Leeanne B. Linderman sold 5,000 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $48.10, for a total value of $240,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leeanne B. Linderman sold 5,878 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $50.26, for a total value of $295,428.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,259 shares of company stock valued at $1,170,272. Corporate insiders own 1.60% of the company’s stock.
ZION opened at $45.89 on Friday. The firm has a market capitalization of $8.82 billion, a PE ratio of 12.01, a P/E/G ratio of 1.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.82. Zions Bancorp has a 12 month low of $44.55 and a 12 month high of $59.19.
Zions Bancorp (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 22nd. The bank reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The firm had revenue of $701.00 million during the quarter, compared to analyst estimates of $699.87 million. Zions Bancorp had a return on equity of 11.84% and a net margin of 26.57%. During the same period in the previous year, the company posted $0.72 EPS. Research analysts expect that Zions Bancorp will post 4.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Tuesday, November 13th. Zions Bancorp’s payout ratio is 41.96%.
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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