Elizabeth Park Capital Advisors Ltd. buys $14.7 Million stake in Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : Elizabeth Park Capital Advisors Ltd. scooped up 4,000 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 567,909 shares of Zions Bancorporation which is valued at $14.7 Million.Zions Bancorporation makes up approximately 5.72% of Elizabeth Park Capital Advisors Ltd.’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in ZION during the most recent quarter. The investment firm sold 95,286 shares of ZION which is valued $2.5 Million.Eaton Vance Management boosted its stake in ZION in the latest quarter, The investment management firm added 37,204 additional shares and now holds a total of 164,844 shares of Zions Bancorporation which is valued at $4.3 Million. Zions Bancorporation makes up approx 0.01% of Eaton Vance Management’s portfolio.Comerica Bank reduced its stake in ZION by selling 19,879 shares or 27.5% in the most recent quarter. The Hedge Fund company now holds 52,398 shares of ZION which is valued at $1.4 Million. Zions Bancorporation makes up approx 0.01% of Comerica Bank’s portfolio.Tci Wealth Advisors boosted its stake in ZION in the latest quarter, The investment management firm added 1,417 additional shares and now holds a total of 62,471 shares of Zions Bancorporation which is valued at $1.7 Million. Zions Bancorporation makes up approx 0.94% of Tci Wealth Advisors’s portfolio.Retirement Systems Of Alabama reduced its stake in ZION by selling 1,803 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 104,129 shares of ZION which is valued at $2.9 Million. Zions Bancorporation makes up approx 0.02% of Retirement Systems Of Alabama’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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