What the Chart Means for Zions Bancorporation (ZION)

Marco Green
September 14, 2017

It seems that Zions Bancorporation (NASDAQ:ZION) might see weakness given an ABR of 3.1 or Sell rating. Euclidean Technologies Management Llc owns 57,977 shares or 1.99% of their United States portfolio.

Sii Investments Inc increased Zions Bancorporation (ZION) stake by 148.98% reported in 2016Q4 SEC filing. Zions Bancorporation now has $8.81 billion valuation. Another trade for 8,484 shares valued at $339,736 was made by Linderman LeeAnne B on Wednesday, May 31. Finally, Geode Capital Management LLC grew its stake in shares of Zions Bancorporation by 9.3% in the 1st quarter. The Volatility was noted at 1.79% in recent month and it observed Weekly Volatility of 2.22%. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Zions Bancorporation by 28.6% during the 1st quarter.

Broadview Advisors Llc holds 2.69% of its portfolio in Hibbett Sports, Inc. for 541,075 shares.

This stock (AA) is ahead of its 52-week low with 125%. Moreover, Earnest Prtn Ltd Liability Corporation has 0% invested in Zions Bancorp (NASDAQ:ZION) for 75 shares. The stock's 50 day moving average is $44.39 and its 200-day moving average is $42.82. The stock of Zions Bancorp (NASDAQ:ZION) has "Buy" rating given on Friday, January 29 by Compass Point.

Zions Bancorporation 6.95% Fixe shares had a trading volume of 331 on Tuesday. Dudley Shanley Ltd Liability Company reported 326,650 shares stake. Zions Bancorporation had a net margin of 21.97% and a return on equity of 8.14%. The company had revenue of $660 million for the quarter, compared to the consensus estimate of $640.34 million. Massachusetts Company Ma holds 352,808 shares or 0.01% of its portfolio. Hartford Investment Management Co. now owns 51,444 shares of the bank's stock worth $2,161,000 after buying an additional 442 shares during the last quarter. Stockholders of record on Thursday, August 17th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tue, Aug 15th. this indicates a $0.48 dividend on a yearly basis and a payout of 1.15%. The Company dividend yield observed at 8.64%. This is a boost from Zions Bancorporation's previous quarterly dividend of $0.08. Howe & Rusling has invested 0% in Zions Bancorp (NASDAQ:ZION). Sii Investments Inc bought 14,652 shares as the company's stock declined 10.19% while stock markets rallied. Following the completion of the transaction, the insider now owns 22,997 shares of the company's stock, valued at approximately $1,033,485.18.

In other news, Director Roger B. Porter bought 1,616 shares of the firm's stock in a transaction dated Tuesday, August 22nd. And the values below 20 that it is oversold indicate prices could very well bounce upwards.

Market Capitalization can be thought of as the overall price to buy the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dianne R. James sold 630 shares of the stock in a transaction on Wednesday, November 30th. The stock was acquired at an average cost of $43.99 per share, for a total transaction of $71,087.84. Institutional investors and hedge funds own 87.32% of the company's stock. The disclosure for this sale can be found here. If you are viewing this story on another domain, it was copied illegally and republished in violation of US & global copyright & trademark legislation. The original version of this article can be accessed at https://stocknewstimes.com/2017/09/11/zions-bancorporation-zion-position-raised-by-oppenheimer-asset-management-inc.html.

ZION has been the topic of a number of analyst reports. The share last price represents downtick move of -13.84% in value from company's 52-Week high price and shows 40.53% above change in value from its 52-Week low price. If Zions Bancorporation (NASDAQ:ZION) shares can stay above the price resistance around $43.08 a share, that could help propel Zions Bancorporation (NASDAQ:ZION) higher to the next line of resistance at $43.42 a share. Bancshares Of Montreal Can holds 0.01% or 213,686 shares in its portfolio.

In analysts report published this morning, RBC Capital restate their "Buy" rating on Zions Bancorp (NASDAQ:ZION) shares. Finally, Wells Fargo & Company initiated coverage on shares of Zions Bancorporation in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a "hold" recommendation and given a $46.00 price objective on the stock of Zions Bancorporation in a note on Fri, Jul 14th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. (The) downgraded Zions Bancorporation from a "buy" rating to a "neutral" rating and cut their price target for the company from $48.00 to $44.00 in a report on Wednesday, May 24th.

Stock of Zions Bancorporation (NASDAQ:ZION) now have an ABR of 2.00.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The Firm conducts its banking activities through separately managed and branded divisions, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.

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