The price of Zions Bancorporation N.A (NASDAQ: ZION) closed at $41.72 in the last session, down -1.88% from day before closing price of $42.52. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 1804900 shares were traded.
Ratios:
We take a closer look at ZION’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on January 05, 2024, Downgraded its rating to Hold and sets its target price to $46 from $51 previously.
On December 15, 2023, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $45.
Citigroup Downgraded its Buy to Neutral on November 21, 2023, while the target price for the stock was maintained at $37.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when SIMMONS HARRIS H bought 4,000 shares for $38.54 per share. The transaction valued at 154,160 led to the insider holds 1,312,987 shares of the business.
Young Mark Richard sold 5,597 shares of ZION for $225,055 on Feb 22 ’24. The Exec VP now owns 12,133 shares after completing the transaction at $40.21 per share. On Feb 16 ’24, another insider, STEPHENS STEVEN DAN, who serves as the Executive Vice President of the company, sold 7,500 shares for $40.81 each. As a result, the insider received 306,075 and left with 44,056 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZION now has a Market Capitalization of 6.16B. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.57, and their Forward P/E ratio for the next fiscal year is 9.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 1.21.
Stock Price History:
Over the past 52 weeks, ZION has reached a high of $46.15, while it has fallen to a 52-week low of $18.26. The 50-Day Moving Average of the stock is 40.91, while the 200-Day Moving Average is calculated to be 36.95.
Shares Statistics:
According to the various share statistics, ZION traded on average about 3.27M shares per day over the past 3-months and 2.04M shares per day over the past 10 days. A total of 148.15M shares are outstanding, with a floating share count of 145.73M. Insiders hold about 1.64% of the company’s shares, while institutions hold 79.69% stake in the company. Shares short for ZION as of Mar 15, 2024 were 11.72M with a Short Ratio of 3.58, compared to 10.04M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.94% and a Short% of Float of 9.38%.
Dividends & Splits
The forward annual dividend rate for ZION is 1.64, which was 1.64 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.86%, it implies a Forward Annual Dividend Yield of 3.80%. The stock’s 5-year Average Dividend Yield is 3.34. The current Payout Ratio is 37.74% for ZION, which recently paid a dividend on Feb 22, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on May 15, 1997 when the company split stock in a 4:1 ratio.
Earnings Estimates
The company has 22 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.97 for the current quarter, with a high estimate of $1.08 and a low estimate of $0.84, while EPS last year was $1.33. The consensus estimate for the next quarter is $1.03, with high estimates of $1.16 and low estimates of $0.91.
Analysts are recommending an EPS of between $4.77 and $3.98 for the fiscal current year, implying an average EPS of $4.24. EPS for the following year is $4.62, with 21 analysts recommending between $5.06 and $4.32.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $744.98M. It ranges from a high estimate of $756M to a low estimate of $728M. As of the current estimate, Zions Bancorporation N.A’s year-ago sales were $839M, an estimated decrease of -11.20% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $753.62M, a decrease of -0.60% over than the figure of -$11.20% in the same quarter last year. There is a high estimate of $769.61M for the next quarter, whereas the lowest estimate is $735.7M.
A total of 19 analysts have provided revenue estimates for ZION’s current fiscal year. The highest revenue estimate was $3.08B, while the lowest revenue estimate was $2.41B, resulting in an average revenue estimate of $3B. In the same quarter a year ago, actual revenue was $3.12B, down -3.60% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $3.14B in the next fiscal year. The high estimate is $3.26B and the low estimate is $2.46B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.
