Koch Industries Inc. reduced its position in shares of Zions Bancorp (NASDAQ:ZION) by 14.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,457 shares of the bank’s stock after selling 1,442 shares during the quarter. Koch Industries Inc.’s holdings in Zions Bancorp were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Zions Bancorp by 0.9% during the 1st quarter. BlackRock Inc. now owns 13,536,742 shares of the bank’s stock valued at $713,792,000 after buying an additional 115,071 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Zions Bancorp by 74.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,381,320 shares of the bank’s stock valued at $283,756,000 after buying an additional 2,300,318 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Zions Bancorp by 3.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 4,566,875 shares of the bank’s stock valued at $240,811,000 after buying an additional 147,789 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in Zions Bancorp by 2.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 4,419,086 shares of the bank’s stock valued at $224,623,000 after buying an additional 87,684 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Zions Bancorp by 1.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,412,016 shares of the bank’s stock valued at $173,433,000 after buying an additional 59,927 shares during the last quarter. Institutional investors own 93.41% of the company’s stock.

ZION has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Zions Bancorp from $60.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, May 30th. B. Riley reiterated a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Zions Bancorp in a report on Tuesday, February 27th. BidaskClub lowered shares of Zions Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 26th. UBS Group initiated coverage on shares of Zions Bancorp in a report on Wednesday, March 21st. They set a “buy” rating and a $67.00 price target for the company. Finally, Sandler O’Neill reiterated a “buy” rating and set a $62.00 price target on shares of Zions Bancorp in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.29.

Shares of NASDAQ ZION opened at $56.35 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. Zions Bancorp has a 12 month low of $41.22 and a 12 month high of $59.19. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.54 and a beta of 1.35.

Zions Bancorp (NASDAQ:ZION) last released its earnings results on Monday, April 23rd. The bank reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.27. The firm had revenue of $680.00 million for the quarter, compared to the consensus estimate of $666.12 million. Zions Bancorp had a net margin of 24.49% and a return on equity of 10.41%. During the same period in the prior year, the firm earned $0.61 EPS. equities research analysts expect that Zions Bancorp will post 3.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Thursday, May 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 16th. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. Zions Bancorp’s dividend payout ratio is currently 33.57%.

In other news, President Scott J. Mclean sold 17,832 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $55.18, for a total value of $983,969.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David E. Blackford sold 1,024 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $55.51, for a total transaction of $56,842.24. The disclosure for this sale can be found here. Insiders sold a total of 50,315 shares of company stock worth $2,803,649 over the last ninety days. Insiders own 1.60% of the company’s stock.

Zions Bancorp Profile

Zions Bancorporation, a financial holding company, provides a range of 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; and residential mortgage servicing and lending.

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

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