Shelton Capital Management bought a new stake in Zions Bancorporation (NASDAQ:ZION) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,726 shares of the bank’s stock, valued at approximately $3,337,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Zions Bancorporation in the 2nd quarter valued at approximately $108,000. Americafirst Capital Management LLC acquired a new stake in Zions Bancorporation in the 2nd quarter valued at approximately $175,000. Global X Management Co. LLC increased its position in Zions Bancorporation by 58.6% in the 2nd quarter. Global X Management Co. LLC now owns 4,792 shares of the bank’s stock valued at $210,000 after acquiring an additional 1,771 shares during the period. Conning Inc. acquired a new stake in Zions Bancorporation in the 3rd quarter valued at approximately $210,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Zions Bancorporation in the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Zions Bancorporation (NASDAQ ZION) opened at $49.22 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $10,079.07, a price-to-earnings ratio of 18.97, a PEG ratio of 1.95 and a beta of 1.48. Zions Bancorporation has a 1 year low of $38.43 and a 1 year high of $52.20.

Zions Bancorporation (NASDAQ:ZION) last issued its earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.01). The company had revenue of $661.00 million during the quarter, compared to analyst estimates of $666.83 million. Zions Bancorporation had a return on equity of 8.54% and a net margin of 22.70%. During the same quarter in the previous year, the firm earned $0.57 earnings per share. sell-side analysts predict that Zions Bancorporation will post 2.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 15th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Zions Bancorporation’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, November 14th. Zions Bancorporation’s payout ratio is presently 24.06%.

Several analysts recently commented on ZION shares. Royal Bank of Canada raised their target price on Zions Bancorporation from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. B. Riley set a $54.00 target price on Zions Bancorporation and gave the company a “buy” rating in a research report on Monday, November 20th. FBR & Co reiterated a “buy” rating and set a $54.00 price target on shares of Zions Bancorporation in a research report on Tuesday, October 24th. Robert W. Baird upgraded Zions Bancorporation from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research report on Friday, September 8th. Finally, Zacks Investment Research cut Zions Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Zions Bancorporation presently has an average rating of “Buy” and a consensus price target of $49.84.

In related news, EVP Keith D. Maio sold 13,019 shares of Zions Bancorporation stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total value of $604,602.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Thomas E. Laursen sold 1,600 shares of Zions Bancorporation stock in a transaction on Monday, November 27th. The stock was sold at an average price of $46.55, for a total value of $74,480.00. The disclosure for this sale can be found here. Insiders sold a total of 43,979 shares of company stock worth $2,057,927 over the last 90 days. Insiders own 1.46% of the company’s stock.

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Zions Bancorporation Company Profile

Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.

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

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