CT Mason raised its position in Zions Bancorp (NASDAQ:ZION) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,760 shares of the bank’s stock after purchasing an additional 22,785 shares during the quarter. Zions Bancorp accounts for about 2.7% of CT Mason’s holdings, making the stock its 6th biggest holding. CT Mason’s holdings in Zions Bancorp were worth $7,765,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Zions Bancorp by 0.9% in the fourth quarter. BlackRock Inc. now owns 13,421,671 shares of the bank’s stock valued at $682,222,000 after purchasing an additional 115,554 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Zions Bancorp by 2.2% in the fourth quarter. American Century Companies Inc. now owns 6,301,387 shares of the bank’s stock valued at $320,300,000 after buying an additional 136,198 shares during the period. Cortland Advisers LLC increased its stake in shares of Zions Bancorp by 49.6% in the third quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock valued at $150,006,000 after buying an additional 1,053,900 shares during the period. TCW Group Inc. increased its stake in shares of Zions Bancorp by 1.0% in the third quarter. TCW Group Inc. now owns 2,953,568 shares of the bank’s stock valued at $139,349,000 after buying an additional 28,685 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Zions Bancorp by 146.8% in the third quarter. Ameriprise Financial Inc. now owns 2,698,958 shares of the bank’s stock valued at $127,330,000 after buying an additional 1,605,540 shares during the period. Hedge funds and other institutional investors own 94.01% of the company’s stock.
Several equities research analysts have recently weighed in on ZION shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $60.00 price target on shares of Zions Bancorp in a research note on Friday, December 22nd. Morgan Stanley raised their target price on Zions Bancorp from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $49.00 target price on shares of Zions Bancorp in a research note on Tuesday, January 9th. BidaskClub cut Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.22.
Zions Bancorp (NASDAQ:ZION) opened at $55.68 on Monday. Zions Bancorp has a fifty-two week low of $38.43 and a fifty-two week high of $56.57. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $10,998.58, a P/E ratio of 19.47, a PEG ratio of 1.64 and a beta of 1.45.
Zions Bancorp (NASDAQ:ZION) last posted its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share 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 for the quarter, compared to analyst estimates of $670.55 million. During the same quarter last year, the company earned $0.60 earnings per share. sell-side analysts forecast that Zions Bancorp will post 3.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Wednesday, February 14th. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. Zions Bancorp’s dividend payout ratio (DPR) is currently 30.77%.
COPYRIGHT VIOLATION WARNING: “Zions Bancorp (ZION) is CT Mason’s 6th Largest Position” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3224005/zions-bancorp-zion-is-ct-masons-6th-largest-position.html.
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.
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).
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.