Economy

Zions Bancorporation 6.95% Fixe (NYSE:ZBK) Trading Down - Shorts Up 27.00%

In related news, Director Roger B. Porter purchased 1,616 shares of the firm's stock in a transaction that occurred on Tuesday, August 22nd.

For the past 5 years, Zions Bancorporation's EPS growth has been almost 19.1%. Thanks to a rise of nearly 0.73% in the past five days, the stock price is now up 12.9% so far on the year - still in strong territory. Shares saw a steep decrease in trading volume of 82.05% under the normal average daily volume. 12,000 Zions Bancorp (NASDAQ:ZION) shares with value of $480,910 were sold by STEPHENS STEVEN DAN. 3,586 shares were sold by Young Mark Richard, worth $142,048 on Wednesday, May 31. It has outperformed by 32.15% the S&P500. American Gru stated it has 73,641 shares. Therefore 83% are positive. The firm has "Outperform" rating by Credit Suisse given on Monday, September 26. The firm earned "Neutral" rating on Tuesday, April 26 by JP Morgan. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. As per Monday, August 7, the company rating was downgraded by Robert W. Baird. The rating was maintained by Jefferies with "Hold" on Tuesday, June 13. The company was upgraded on Wednesday, September 9 by Citigroup. The rating was downgraded by FBR Capital on Tuesday, October 11 to "Mkt Perform".

Also, insider Dianne R. James sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 16th. Berkshire Asset Management Llc acquired 19,094 shares as Pnc (PNC)'s stock declined 6.38%. The insider LAURSEN THOMAS E sold $35,398.

In other Zions Bancorporation news, insider David E. Blackford sold 9,533 shares of the stock in a transaction on Friday, July 28th. The stock of Universal Electronics Inc (NASDAQ:UEIC) has "Hold" rating given on Saturday, August 8 by B. Riley & Co.

Systematic Financial Management LP trimmed its position in shares of Zions Bancorporation (NASDAQ:ZION) by 24.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. Therefore 36% are positive. Zions Bancorporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Equalweight" rating given on Monday, July 18 by Barclays Capital. The rating was downgraded by Zacks on Thursday, August 6 to "Hold". (NASDAQ:WLDN) earned "Outperform" rating by Wedbush on Friday, May 12. Keefe Bruyette & Woods initiated PNC Financial Services Group Inc (NYSE:PNC) rating on Wednesday, August 31. The firm earned "Neutral" rating on Thursday, December 15 by Bank of America. Compass Point upgraded Zions Bancorp (NASDAQ:ZION) on Thursday, March 30 to "Buy" rating. The stock of Zions Bancorp (NASDAQ:ZION) has "Neutral" rating given on Tuesday, November 22 by Macquarie Research. Following the purchase, the director now owns 42,001 shares of the company's stock, valued at approximately $1,847,623.99. Its up 0.13, from 0.96 in 2016Q3. It improved, as 38 investors sold Zions Bancorp shares while 125 reduced holdings. The ratio dived, as 60 hedge funds started new or increased stock positions, while 63 decreased and sold their holdings in Universal Electronics Inc. American Century Companies Inc. now owns 6,598,091 shares of the bank's stock worth $277,120,000 after buying an additional 684,015 shares during the period. Mcf Advsrs Ltd Llc reported 0.01% in Zions Bancorp (NASDAQ:ZION). Oregon Pub Employees Retirement Fund holds 0.02% or 20,979 shares in its portfolio. Gateway Inv Advisers Lc invested in 0.01% or 15,850 shares.

Zions Bancorporation (ZION)'s ROE is 0%, while industry's is 14.79%. BMO Capital Markets reaffirmed a "hold" rating and set a $47.00 target price on shares of Zions Bancorporation in a report on Thursday, July 27th. Following the completion of the sale, the general counsel now owns 23,484 shares of the company's stock, valued at approximately $1,089,187.92. Fund Mngmt Sa invested in 0.04% or 101,968 shares. Moreover, Ranger Invest Management Ltd Partnership has 2.05% invested in Sonic Corporation (NASDAQ:SONC).

Zions Bancorporation (ZION) opened at 42.61 on Thursday. Huntington Bancorp owns 250 shares for 0% of their portfolio. Contravisory Investment Management Inc. now owns 5,794 shares of the bank's stock valued at $254,000 after buying an additional 45 shares in the last quarter. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued. Plumas Bancorp (NASDAQ:PLBC) was raised too.

Sasol Limited is an global integrated chemicals and energy company. The company has market cap of $275.47 million. The Company's offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. The Company's operating business units include Mining and, Exploration and Production International. This represents a $0.48 annualized dividend and a dividend yield of 1.15%. About 283,773 shares traded. SONC's profit will be $17.29 million for 13.12 P/E if the $0.43 EPS becomes a reality. It has underperformed by 16.09% the S&P500.



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