Teacher Retirement System of Texas Has $7.61 Million Stake in Zions Bancorp (ZION)

Teacher Retirement System of Texas lifted its stake in shares of Zions Bancorp (NASDAQ:ZION) by 106.3% during the 4th quarter, HoldingsChannel reports. The firm owned 149,699 shares of the bank’s stock after buying an additional 77,138 shares during the period. Teacher Retirement System of Texas’ holdings in Zions Bancorp were worth $7,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in 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 in the last quarter. Cortland Advisers LLC boosted its stake in 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 in the last quarter. TCW Group Inc. boosted its stake in 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Zions Bancorp by 4.0% in the third quarter. Wells Fargo & Company MN now owns 2,255,672 shares of the bank’s stock valued at $106,423,000 after buying an additional 87,108 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

In other news, EVP Keith D. Maio sold 13,019 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total transaction of $604,602.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Thomas E. Laursen sold 1,600 shares of the firm’s stock in a transaction dated 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 have sold 56,540 shares of company stock valued at $2,725,225 over the last 90 days. 1.46% of the stock is owned by corporate insiders.

Shares of Zions Bancorp (ZION) opened at $54.51 on Thursday. Zions Bancorp has a 12 month low of $38.43 and a 12 month high of $55.61. The company has a market capitalization of $10,890.00, a PE ratio of 20.81, a PEG ratio of 1.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.60 earnings per share. sell-side analysts anticipate that Zions Bancorp will post 3.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, February 14th. Zions Bancorp’s dividend payout ratio (DPR) is 24.43%.

ZION has been the topic of several research analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Zions Bancorp in a research note on Tuesday, October 24th. FBR & Co reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Zions Bancorp in a research note on Tuesday, October 24th. Barclays set a $52.00 price objective on Zions Bancorp and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Zions Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub lowered Zions Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.22.

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About Zions Bancorp

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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