Elizabeth Park Capital Advisors LTD Has Trimmed Its Stake in Zions Bancorporation (ZION) by $564,000; As Enlink Midstream Partners LP (ENLK) Share Price Declined, Shareholder Rr Advisors Trimmed Stake

February 23, 2018 - By Ellis Scott

Fred Cummings decreased its stake in Zions Bancorporation (ZION) by 4.43% based on its latest 2017Q3 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd sold 12,000 shares as the company’s stock declined 10.19% while stock markets rallied. The hedge fund run by Fred Cummings held 258,852 shares of the major banks company at the end of 2017Q3, valued at $12.21M, down from 270,852 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.81B market cap company. The stock decreased 2.04% or $1.14 during the last trading session, reaching $54.72. About 1.84M shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since February 23, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Rr Advisors Llc decreased its stake in Enlink Midstream Partners Lp (ENLK) by 1.56% based on its latest 2017Q3 regulatory filing with the SEC. Rr Advisors Llc sold 43,000 shares as the company’s stock declined 7.22% while stock markets rallied. The institutional investor held 2.72M shares of the public utilities company at the end of 2017Q3, valued at $45.56 million, down from 2.76M at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Enlink Midstream Partners Lp for a number of months, seems to be less bullish one the $5.41 billion market cap company. The stock decreased 2.65% or $0.42 during the last trading session, reaching $15.42. About 588,282 shares traded. EnLink Midstream Partners, LP (NYSE:ENLK) has risen 17.95% since February 23, 2017 and is uptrending. It has outperformed by 1.25% the S&P500.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It is negative, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. 182,657 were accumulated by Hightower Advisors Llc. National Bank & Trust Of America De has 0.01% invested in Zions Bancorporation (NASDAQ:ZION) for 994,644 shares. Moreover, Tcw Group has 1.11% invested in Zions Bancorporation (NASDAQ:ZION). Ct Mason owns 129,975 shares. Parkwood has invested 0.03% in Zions Bancorporation (NASDAQ:ZION). Caxton Assoc LP reported 260,000 shares. The Georgia-based Invesco Limited has invested 0.24% in Zions Bancorporation (NASDAQ:ZION). Advisors Asset Incorporated owns 5,520 shares for 0% of their portfolio. Guggenheim Cap Ltd Liability holds 0.17% or 1.56M shares in its portfolio. Teacher Retirement Of Texas stated it has 0.02% in Zions Bancorporation (NASDAQ:ZION). Tarbox Family Office, California-based fund reported 61 shares. Us National Bank & Trust De holds 0.01% or 54,558 shares. Jefferies Gp Ltd Liability reported 13,000 shares. The Massachusetts-based Massachusetts Fincl Svcs Ma has invested 0% in Zions Bancorporation (NASDAQ:ZION). 1,204 are held by Wealthtrust.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on April, 23. They expect $0.82 EPS, up 34.43% or $0.21 from last year’s $0.61 per share. ZION’s profit will be $161.98 million for 16.68 P/E if the $0.82 EPS becomes a reality. After $0.80 actual EPS reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

Among 30 analysts covering Zions Bancorporation (NASDAQ:ZION), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Zions Bancorporation had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Sandler O’Neill on Wednesday, August 5. The firm has “Outperform” rating by FBR Capital given on Tuesday, December 20. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 26 report. The rating was maintained by Bank of America on Wednesday, February 14 with “Buy”. The stock of Zions Bancorporation (NASDAQ:ZION) has “Outperform” rating given on Tuesday, April 26 by Bernstein. Robert W. Baird downgraded Zions Bancorporation (NASDAQ:ZION) on Monday, August 7 to “Underperform” rating. The company was maintained on Monday, December 18 by BMO Capital Markets. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, October 3 report. Jefferies maintained it with “Buy” rating and $49.0 target in Friday, September 15 report. Susquehanna upgraded the shares of ZION in report on Tuesday, June 7 to “Positive” rating.

Since December 8, 2017, it had 0 insider purchases, and 8 sales for $2.04 million activity. LAURSEN THOMAS E had sold 1,250 shares worth $67,844 on Wednesday, January 31. Another trade for 1,500 shares valued at $81,375 was made by James Dianne R on Wednesday, February 14. The insider Hume Alexander sold 7,196 shares worth $387,649. Linderman LeeAnne B also sold $159,120 worth of Zions Bancorporation (NASDAQ:ZION) on Tuesday, February 13. ALEXANDER BRUCE K also sold $260,550 worth of Zions Bancorporation (NASDAQ:ZION) shares. On Friday, December 8 Young Mark Richard sold $764,781 worth of Zions Bancorporation (NASDAQ:ZION) or 15,000 shares.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10M and $257.67 million US Long portfolio, upped its stake in Orrstown Finl Svcs Inc (NASDAQ:ORRF) by 172,570 shares to 173,370 shares, valued at $4.32M in 2017Q3, according to the filing. It also increased its holding in Cobiz Financial Inc (NASDAQ:COBZ) by 68,890 shares in the quarter, for a total of 617,958 shares, and has risen its stake in Capstar Finl Hldgs Inc.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: