Zions Bancorporation NA (ZION) Shares Bought by River & Mercantile Asset Management LLP
River & Mercantile Asset Management LLP grew its holdings in shares of Zions Bancorporation NA (NASDAQ:ZION) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,046 shares of the bank’s stock after purchasing an additional 74,707 shares during the quarter. Zions Bancorporation NA makes up 0.9% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 22nd largest holding. River & Mercantile Asset Management LLP’s holdings in Zions Bancorporation NA were worth $10,512,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Eagle Asset Management Inc. purchased a new stake in shares of Zions Bancorporation NA during the 4th quarter valued at $1,040,000. Cambiar Investors LLC increased its position in shares of Zions Bancorporation NA by 19.1% during the 4th quarter. Cambiar Investors LLC now owns 90,961 shares of the bank’s stock valued at $3,706,000 after purchasing an additional 14,594 shares during the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Zions Bancorporation NA during the 4th quarter valued at $3,171,000. Enlightenment Research LLC purchased a new stake in shares of Zions Bancorporation NA during the 4th quarter valued at $122,000. Finally, AMP Capital Investors Ltd increased its position in shares of Zions Bancorporation NA by 7.9% during the 3rd quarter. AMP Capital Investors Ltd now owns 201,486 shares of the bank’s stock valued at $10,135,000 after purchasing an additional 14,791 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.
In other Zions Bancorporation NA news, insider Jennifer Anne Smith sold 7,746 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $48.28, for a total value of $373,976.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Dan Stephens sold 8,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $48.20, for a total value of $385,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,225 shares of company stock valued at $1,537,180. 1.60% of the stock is owned by corporate insiders.
Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Tuesday, January 22nd. The bank reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. Zions Bancorporation NA had a return on equity of 12.57% and a net margin of 29.14%. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $712.48 million. During the same quarter last year, the company earned $0.80 EPS. Equities analysts predict that Zions Bancorporation NA will post 4.44 EPS for the current year.
ZION has been the subject of several research analyst reports. Vining Sparks reaffirmed a “buy” rating and set a $63.00 target price on shares of Zions Bancorporation NA in a research report on Thursday, January 24th. BidaskClub upgraded Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine upgraded Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research reiterated a “hold” rating and set a $43.00 price target on shares of Zions Bancorporation NA in a research note on Monday, December 31st. Finally, Argus started coverage on Zions Bancorporation NA in a research note on Monday, December 17th. They set a “buy” rating and a $51.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.
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Zions Bancorporation NA Company 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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