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After finishing at $39.36 in the prior trading day, Zions Bancorporation N.A (NASDAQ: ZION) closed at $39.24, down -0.30%. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 2.16 million shares were traded. ZION stock price reached its highest trading level at $39.96 during the session, while it also had its lowest trading level at $39.09.
Ratios:
Our goal is to gain a better understanding of ZION by taking a closer look at its different ratios. 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 this company, Deutsche Bank on April 10, 2024, initiated with a Hold rating and assigned the stock a target price of $47.
On January 05, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $51 to $46.
Robert W. Baird Downgraded its Outperform to Neutral on December 15, 2023, while the target price for the stock was maintained at $45.
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 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 5791785472 and an Enterprise Value of 8096614400. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.00, and their Forward P/E ratio for the next fiscal year is 8.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 2.714.
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 -3.53%, while the 200-Day Moving Average is calculated to be 4.25%.
Shares Statistics:
The stock has traded on average 3.22M shares per day over the past 3-months and 1733820 shares per day over the last 10 days, according to various share statistics. A total of 148.15M shares are outstanding, with a floating share count of 145.72M. Insiders hold about 1.65% of the company’s shares, while institutions hold 79.35% stake in the company. Shares short for ZION as of 1711584000 were 9428116 with a Short Ratio of 2.93, compared to 1709164800 on 10612843. Therefore, it implies a Short% of Shares Outstanding of 9428116 and a Short% of Float of 7.550000399999999.
Dividends & Splits
In the trailing 12 months, ZION’s forward annual dividend rate was 1.64, compared to 1.64 this year. The stock’s 5-year Average Dividend Yield is 3.36.
Earnings Estimates
A comprehensive evaluation of Zions Bancorporation N.A (ZION) is underway, with the input of ProShares Trust ProShares S&P G analysts contributing to its current rating.The consensus estimate for the next quarter is $0.08, with high estimates of $21.57 and low estimates of $39.24.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
