Thompson Investment Management buys $3,802,150 stake in Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : Thompson Investment Management scooped up 2,435 additional shares in Zions Bancorporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 139,375 shares of Zions Bancorporation which is valued at $3,802,150.Zions Bancorporation makes up approximately 0.78% of Thompson Investment Management’s portfolio.

Zions Bancorporation opened for trading at $27.45 and hit $27.86 on the upside on Wednesday, eventually ending the session at $27.84, with a gain of 1.42% or 0.39 points. The heightened volatility saw the trading volume jump to 31,10,241 shares. Company has a market cap of $5,693 M.

Other Hedge Funds, Including , Breton Hill Capital Ltd. boosted its stake in ZION in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 30,050 shares of Zions Bancorporation which is valued at $767,477. Zions Bancorporation makes up approx 0.28% of Breton Hill Capital Ltd.’s portfolio.Capstone Asset Management Co reduced its stake in ZION by selling 6,870 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 28,666 shares of ZION which is valued at $732,130. Zions Bancorporation makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in ZION in the latest quarter, The investment management firm added 7,526 additional shares and now holds a total of 172,943 shares of Zions Bancorporation which is valued at $4,102,208. Zions Bancorporation makes up approx 0.02% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Zions Bancorporation reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.39.Analysts expectations of $ 576.55.During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Zions Bancorporation. Company shares were Reiterated by UBS on Apr 26, 2016 to “Sell”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Shares were Downgraded by Compass Point on Apr 13, 2016 to ” Neutral” and Lowered the Price Target to $ 27 from a previous price target of $29 .Shares were Reiterated by Compass Point on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 29 from a previous price target of $35 .

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014. The Company provides banking and related services through its banking and other subsidiaries primarily in Arizona California Colorado Idaho Nevada New Mexico Oregon Texas Utah Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of 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; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities including municipal finance advisory and underwriting and investment activities.

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