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.

A number of equities research analysts have weighed in on the company. BidaskClub raised Zions Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. BMO Capital Markets decreased their target price on Zions Bancorp from $55.00 to $52.00 and set a “market perform” rating for the company in a research report on Tuesday, October 23rd. Raymond James lifted their target price on Zions Bancorp from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Piper Jaffray Companies raised Zions Bancorp from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $54.00 to $57.00 in a research report on Tuesday, November 6th. Finally, ValuEngine lowered Zions Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $58.57.

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%.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2018/12/07/hsbc-holdings-plc-buys-14664-shares-of-zions-bancorp-zion.html.

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.

Read More: Is a Roth IRA right for you?

Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorp (NASDAQ:ZION).

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

Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.