Mutual of America Capital Management LLC grew its holdings in shares of Zions Bancorp (NASDAQ:ZION) by 50.8% in the 4th quarter, HoldingsChannel reports. The fund owned 48,334 shares of the bank’s stock after acquiring an additional 16,284 shares during the period. Mutual of America Capital Management LLC’s holdings in Zions Bancorp were worth $2,457,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ZION. Ameriprise Financial Inc. grew its stake in shares of Zions Bancorp by 146.8% during the third quarter. Ameriprise Financial Inc. now owns 2,698,958 shares of the bank’s stock valued at $127,330,000 after acquiring an additional 1,605,540 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Zions Bancorp by 332.1% during the third quarter. Artemis Investment Management LLP now owns 1,751,662 shares of the bank’s stock valued at $82,635,000 after acquiring an additional 1,346,240 shares in the last quarter. Cortland Advisers LLC grew its stake in shares of Zions Bancorp by 49.6% during the third quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock valued at $150,006,000 after acquiring an additional 1,053,900 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Zions Bancorp by 54.8% during the third quarter. First Trust Advisors LP now owns 1,231,065 shares of the bank’s stock valued at $58,082,000 after acquiring an additional 435,638 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Zions Bancorp during the second quarter valued at about $339,000. Institutional investors own 93.30% of the company’s stock.

Zions Bancorp (NASDAQ ZION) opened at $51.64 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $55.61. The company has a market capitalization of $10,310.00, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45.

Zions Bancorp (NASDAQ:ZION) last issued its earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $670.55 million. During the same period in the previous year, the firm posted $0.60 earnings per share. equities research analysts predict that Zions Bancorp will post 3.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th will be paid a $0.20 dividend. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, February 14th. Zions Bancorp’s payout ratio is presently 24.43%.

In other Zions Bancorp news, General Counsel Thomas E. Laursen sold 1,250 shares of Zions Bancorp stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $54.28, for a total value of $67,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Keith D. Maio sold 13,019 shares of Zions Bancorp stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $46.44, for a total value of $604,602.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,425 shares of company stock valued at $2,513,426. 1.46% of the stock is currently owned by insiders.

A number of research firms recently commented on ZION. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price target on shares of Zions Bancorp in a research note on Tuesday, October 24th. FBR & Co reiterated a “buy” rating and issued a $54.00 price target on shares of Zions Bancorp in a research note on Tuesday, October 24th. Barclays set a $52.00 price target on Zions Bancorp and gave the stock an “overweight” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 price target on shares of Zions Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub downgraded Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.78.

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Zions Bancorp 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.

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

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