Analysis of Zions Bancorporation National Association (NASDAQ:ZION): Selected Notes

The closing price of Zions Bancorporation National Association (NASDAQ: ZION) was 58.38 for the day, up 1.18% from the previous closing price of $57.70. In other words, the price has increased by $+0.68 from its previous closing price. On the day, 1155284 shares were traded. ZION reached its highest trading level at $58.57 during the session, while it also had its lowest trading level at $57.02.

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Our analysis of ZION’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.52. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.

Upgrades & Downgrades

On April 18, 2022, Robert W. Baird Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $60.

B. Riley Securities Downgraded its Buy to Neutral on March 17, 2022, while the target price for the stock was maintained at $77.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 01 when Stewart Randy R sold 997 shares for $54.94 per share. The transaction valued at 54,771 led to the insider holds 8,138 shares of the business.

Young Mark Richard sold 3,443 shares of ZION for $202,366 on Aug 18. The Exec VP now owns 8,860 shares after completing the transaction at $58.78 per share. On Aug 10, another insider, SHIREY TERRY ALAN, who serves as the Executive Vice President & of the company, sold 4,448 shares for $56.40 each. As a result, the insider received 250,881 and left with 21,469 shares of the company.

Valuation Measures:

As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.93, and their Forward P/E ratio for the next fiscal year is 8.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 1.69.

Stock Price History:

Over the past 52 weeks, ZION has reached a high of $75.44, while it has fallen to a 52-week low of $47.92. The 50-Day Moving Average of the stock is 55.15, while the 200-Day Moving Average is calculated to be 60.47.

Shares Statistics:

ZION traded an average of 1.25M shares per day over the past three months and 1.3M shares per day over the past ten days. A total of 150.63M shares are outstanding, with a floating share count of 148.02M. Insiders hold about 1.00% of the company’s shares, while institutions hold 83.00% stake in the company. Shares short for ZION as of Jul 14, 2022 were 1.77M with a Short Ratio of 1.33, compared to 2.26M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.17% and a Short% of Float of 1.36%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.36, ZION has a forward annual dividend rate of 1.64. Against a Trailing Annual Dividend Yield of 2.36%, it implies a Forward Annual Dividend Yield of 2.79%. The stock’s 5-year Average Dividend Yield is 2.45. The current Payout Ratio is 28.40% for ZION, which recently paid a dividend on Aug 24, 2022 with an ex-dividend date of May 17, 2022. Stock splits for the company last occurred on May 14, 1997 when the company split stock in a 4:1 ratio.

Earnings Estimates

The firm’s stock currently is rated by 20 analysts. On average, analysts expect EPS of $1.53 for the current quarter, with a high estimate of $1.84 and a low estimate of $1.32, while EPS last year was $1.45. The consensus estimate for the next quarter is $1.61, with high estimates of $2.04 and low estimates of $1.38.

Analysts are recommending an EPS of between $6.4 and $5.26 for the fiscal current year, implying an average EPS of $5.76. EPS for the following year is $6.52, with 23 analysts recommending between $7.52 and $5.92.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $837M to a low estimate of $751M. As of the current estimate, Zions Bancorporation National Association’s year-ago sales were $707.27M, an estimated increase of 12.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $828.69M, an increase of 11.50% less than the figure of $12.90% in the same quarter last year. There is a high estimate of $868M for the next quarter, whereas the lowest estimate is $786M.

A total of 14 analysts have provided revenue estimates for ZION’s current fiscal year. The highest revenue estimate was $3.15B, while the lowest revenue estimate was $2.95B, resulting in an average revenue estimate of $3.08B. In the same quarter a year ago, actual revenue was $2.91B, up 5.70% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $3.39B in the next fiscal year. The high estimate is $3.5B and the low estimate is $3.29B. The average revenue growth estimate for next year is up 10.40% from the average revenue estimate for this year.