Is Zions Bancorporation National Association (NASDAQ:ZION) an excellent stock to buy at the moment?

After finishing at $47.05 in the prior trading day, Zions Bancorporation National Association (NASDAQ: ZION) closed at $47.38, up 0.70%. In other words, the price has increased by $+0.33 from its previous closing price. On the day, 1166550 shares were traded. ZION stock price reached its highest trading level at $47.66 during the session, while it also had its lowest trading level at $46.95.

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Our goal is to gain a better understanding of ZION by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.48. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.15.

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 this company, Morgan Stanley on December 05, 2022, initiated with a Equal-Weight rating and assigned the stock a target price of $65.

Keefe Bruyette Downgraded its Outperform to Mkt Perform on October 07, 2022, whereas the target price for the stock was revised from $77 to $72.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 01 when LAURSEN THOMAS E sold 880 shares for $51.79 per share. The transaction valued at 45,575 led to the insider holds 27,007 shares of the business.

Ellingsen Eric sold 1,900 shares of ZION for $98,496 on Dec 01. The Executive VP & now owns 24,512 shares after completing the transaction at $51.84 per share. On Nov 30, another insider, SIMMONS HARRIS H, who serves as the Chairman & CEO of the company, bought 3,000 shares for $50.44 each. As a result, the insider paid 151,309 and bolstered with 1,245,034 shares of the company.

Valuation Measures:

As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.96, and their Forward P/E ratio for the next fiscal year is 7.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 1.67.

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 $45.97. The 50-Day Moving Average of the stock is 50.77, while the 200-Day Moving Average is calculated to be 56.03.

Shares Statistics:

The stock has traded on average 1.50M shares per day over the past 3-months and 1.42M shares per day over the last 10 days, according to various share statistics. A total of 149.63M shares are outstanding, with a floating share count of 147.16M. Insiders hold about 0.20% of the company’s shares, while institutions hold 85.20% stake in the company. Shares short for ZION as of Oct 13, 2022 were 2.34M with a Short Ratio of 3.36M, compared to 2.03M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.57% and a Short% of Float of 1.82%.

Dividends & Splits

In the trailing 12 months, ZION’s forward annual dividend rate was 1.36, compared to 1.64 this year. Against a Trailing Annual Dividend Yield of 2.89%, it implies a Forward Annual Dividend Yield of 3.25%. The stock’s 5-year Average Dividend Yield is 2.53. The current Payout Ratio is 29.30% for ZION, which recently paid a dividend on Nov 16, 2022 with an ex-dividend date of Aug 16, 2022. Stock splits for the company last occurred on May 14, 1997 when the company split stock in a 4:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 20 different market analysts. On average, analysts expect EPS of $1.68 for the current quarter, with a high estimate of $1.85 and a low estimate of $1.44, while EPS last year was $1.34. The consensus estimate for the next quarter is $1.61, with high estimates of $1.83 and low estimates of $1.31.

Analysts are recommending an EPS of between $6.07 and $5.4 for the fiscal current year, implying an average EPS of $5.68. EPS for the following year is $6.69, with 22 analysts recommending between $7.37 and $5.1.

Revenue Estimates

10 analysts predict $858.14M in revenue for the current quarter. It ranges from a high estimate of $878.4M to a low estimate of $842M. As of the current estimate, Zions Bancorporation National Association’s year-ago sales were $743M, an estimated increase of 15.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $854.6M, an increase of 24.60% over than the figure of $15.50% in the same quarter last year. There is a high estimate of $874M for the next quarter, whereas the lowest estimate is $821.4M.

A total of 13 analysts have provided revenue estimates for ZION’s current fiscal year. The highest revenue estimate was $3.17B, while the lowest revenue estimate was $3.08B, resulting in an average revenue estimate of $3.14B. In the same quarter a year ago, actual revenue was $2.91B, up 7.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $3.5B in the next fiscal year. The high estimate is $3.59B and the low estimate is $3.23B. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.