Zions BancorporationZION
Market Cap: $6.65B
About: Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the bulk of its loans focused on commercial and commercial real estate lending.
Employees: 9,679
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
28% more call options, than puts
Call options by funds: $142M | Put options by funds: $111M
0.26% more ownership
Funds ownership: 77.34% [Q1] → 77.59% (+0.26%) [Q2]
0% less capital invested
Capital invested by funds: $4.97B [Q1] → $4.97B (-$2.73M) [Q2]
5% less funds holding
Funds holding: 447 [Q1] → 423 (-24) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 172
35% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 68
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Wells Fargo Mike Mayo 78% 1-year accuracy 14 / 18 met price target | 11%upside $50 | Equal-Weight Maintained | 21 Aug 2024 |
Morgan Stanley Ken Zerbe 60% 1-year accuracy 6 / 10 met price target | 20%upside $54 | Underweight Maintained | 5 Aug 2024 |
Compass Point David Rochester 71% 1-year accuracy 5 / 7 met price target | 15%upside $52 | Neutral Maintained | 24 Jul 2024 |
Truist Securities Jennifer Demba 94% 1-year accuracy 17 / 18 met price target | 20%upside $54 | Hold Maintained | 24 Jul 2024 |
Morgan Stanley Ken Zerbe 60% 1-year accuracy 6 / 10 met price target | 7%downside $42 | Underweight Maintained | 23 Jul 2024 |