Consector Capital Lp buys $4.2 Million stake in Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : Consector Capital Lp scooped up 52,500 additional shares in Zions Bancorporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 162,500 shares of Zions Bancorporation which is valued at $4.2 Million.Zions Bancorporation makes up approximately 9.59% of Consector Capital Lp’s portfolio.

Other Hedge Funds, Including , Pacer Advisors boosted its stake in ZION in the latest quarter, The investment management firm added 161 additional shares and now holds a total of 3,427 shares of Zions Bancorporation which is valued at $88,691. Zions Bancorporation makes up approx 0.02% of Pacer Advisors’s portfolio.Menta Capital reduced its stake in ZION by selling 17,700 shares or 61.46% in the most recent quarter. The Hedge Fund company now holds 11,100 shares of ZION which is valued at $287,268. Zions Bancorporation makes up approx 0.04% of Menta Capital’s portfolio.Blackrock Fund Advisors reduced its stake in ZION by selling 164,032 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 3,283,352 shares of ZION which is valued at $85 Million. Zions Bancorporation makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.California Public Employees Retirement System boosted its stake in ZION in the latest quarter, The investment management firm added 14,200 additional shares and now holds a total of 645,300 shares of Zions Bancorporation which is valued at $16.8 Million. Zions Bancorporation makes up approx 0.03% of California Public Employees Retirement System’s portfolio.Hgk Asset Management Inc boosted its stake in ZION in the latest quarter, The investment management firm added 3,280 additional shares and now holds a total of 163,720 shares of Zions Bancorporation which is valued at $4.5 Million. Zions Bancorporation makes up approx 0.43% of Hgk Asset Management Inc’s portfolio.

Zions Bancorporation opened for trading at $27.7 and hit $28.48 on the upside on Wednesday, eventually ending the session at $28.17, with a gain of 2.18% or 0.6 points. The heightened volatility saw the trading volume jump to 37,25,290 shares. Company has a market cap of $5,764 M.

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 Compass Point on May 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .Zions Bancorporation was Upgraded by Raymond James to ” Strong Buy” on May 9, 2016. 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 .

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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