As Zions Bancorporation (ZION) Valuation Rose, Holder Stieven Capital Advisors LP Has Cut Position by $555,000; Apple (AAPL) Stock Value Declined While Alethea Capital Management Has Increased Stake

April 21, 2018 - By Nellie Frank

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Stieven Capital Advisors Lp decreased its stake in Zions Bancorporation (ZION) by 2.79% based on its latest 2017Q4 regulatory filing with the SEC. Stieven Capital Advisors Lp sold 11,100 shares as the company’s stock rose 1.34% while stock markets declined. The hedge fund held 386,534 shares of the major banks company at the end of 2017Q4, valued at $19.65M, down from 397,634 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.57 billion market cap company. The stock increased 1.11% or $0.59 during the last trading session, reaching $53.8. About 2.37 million shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since April 21, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

Alethea Capital Management Llc increased its stake in Apple Inc (AAPL) by 188.4% based on its latest 2017Q4 regulatory filing with the SEC. Alethea Capital Management Llc bought 1,884 shares as the company’s stock declined 3.81% with the market. The institutional investor held 2,884 shares of the computer manufacturing company at the end of 2017Q4, valued at $488,000, up from 1,000 at the end of the previous reported quarter. Alethea Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $840.87B market cap company. The stock decreased 4.10% or $7.08 during the last trading session, reaching $165.72. About 60.26 million shares traded or 56.69% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 21, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Stieven Capital Advisors Lp, which manages about $284.20M and $568.24M US Long portfolio, upped its stake in Mainsource Financial Gp Inc (NASDAQ:MSFG) by 8,500 shares to 67,700 shares, valued at $2.46M in 2017Q4, according to the filing. It also increased its holding in First Bank Williamstown Nj (NASDAQ:FRBA) by 89,222 shares in the quarter, for a total of 597,122 shares, and has risen its stake in Opus Bk Irvine Calif (NASDAQ:OPB).

Since December 8, 2017, it had 0 insider buys, and 12 sales for $4.31 million activity. The insider Linderman LeeAnne B sold $58,296. The insider LAURSEN THOMAS E sold $67,844. Shares for $764,781 were sold by Young Mark Richard. On Friday, February 23 MCLEAN SCOTT J sold $1.76 million worth of Zions Bancorporation (NASDAQ:ZION) or 31,309 shares. $60,098 worth of Zions Bancorporation (NASDAQ:ZION) shares were sold by BLACKFORD DAVID E. 4,754 shares were sold by ALEXANDER BRUCE K, worth $260,550 on Tuesday, February 20.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on April, 23 after the close. They expect $0.83 earnings per share, up 36.07% or $0.22 from last year’s $0.61 per share. ZION’s profit will be $163.10M for 16.20 P/E if the $0.83 EPS becomes a reality. After $0.80 actual earnings per share reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 3.75% EPS growth.

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation had 133 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, December 12 to “Buy”. The firm has “Hold” rating by Susquehanna given on Thursday, January 4. On Monday, August 31 the stock rating was upgraded by Zacks to “Hold”. BMO Capital Markets upgraded it to “Hold” rating and $59.0 target in Tuesday, January 23 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, August 27. As per Wednesday, January 11, the company rating was upgraded by UBS. The rating was maintained by Robert W. Baird with “Sell” on Friday, November 3. The firm has “Outperform” rating given on Tuesday, August 16 by Credit Suisse. The company was maintained on Thursday, September 7 by RBC Capital Markets. The firm has “Sell” rating by UBS given on Tuesday, April 26.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.02, from 1.05 in 2017Q3. It improved, as 38 investors sold ZION shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. New York-based Cibc has invested 0.01% in Zions Bancorporation (NASDAQ:ZION). Nuwave Investment reported 514 shares. Jpmorgan Chase stated it has 0.03% in Zions Bancorporation (NASDAQ:ZION). Us Comml Bank De stated it has 55,007 shares. 279,439 were reported by Prudential Fin Inc. Teacher Retirement Systems Of Texas has 149,699 shares. Heartland Advisors Inc holds 368,734 shares. Moreover, Nordea Inv has 0% invested in Zions Bancorporation (NASDAQ:ZION) for 8,988 shares. Falcon Point Capital Ltd Co reported 3,947 shares or 0.03% of all its holdings. Public Employees Retirement Association Of Colorado holds 0.01% in Zions Bancorporation (NASDAQ:ZION) or 40,775 shares. Barclays Public Limited Company invested 0.01% in Zions Bancorporation (NASDAQ:ZION). Cornerstone Management Holdg Ltd has 0.01% invested in Zions Bancorporation (NASDAQ:ZION) for 37,554 shares. North Star Investment Mngmt Corporation, a Illinois-based fund reported 101 shares. Holderness has invested 0.12% in Zions Bancorporation (NASDAQ:ZION). Texas Permanent School Fund reported 54,530 shares.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It is positive, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Natixis invested in 1.45M shares. Wallace Mgmt invested in 2,162 shares or 0.06% of the stock. 33,541 were accumulated by Lederer And Assoc Invest Counsel Ca. Ruffer Llp invested 5.27% in Apple Inc. (NASDAQ:AAPL). Wellington Shields And Limited Company stated it has 1.45% in Apple Inc. (NASDAQ:AAPL). Jane Street Limited Liability Co holds 0.33% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 687,098 shares. Crow Point Prtnrs Ltd Llc reported 100 shares. Gratry Company Limited Liability Corporation invested 0.39% in Apple Inc. (NASDAQ:AAPL). Chase Invest Counsel Corporation, a Virginia-based fund reported 25,930 shares. Bessemer Gp invested in 2.33% or 3.56M shares. Aldebaran Financial Inc has invested 2.96% in Apple Inc. (NASDAQ:AAPL). Northwestern Mutual Wealth Mgmt holds 625,621 shares. Hawkins Lp holds 14,911 shares. Commerzbank Aktiengesellschaft Fi reported 2.59% stake. Weybosset Rech invested 0.51% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart

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