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The closing price of Zions Bancorporation N.A (NASDAQ: ZION) was $52.53 for the day, up 6.16% from the previous closing price of $49.48. In other words, the price has increased by $6.16 from its previous closing price. On the day, 3.16 million shares were traded. ZION stock price reached its highest trading level at $53.32 during the session, while it also had its lowest trading level at $50.94.
Ratios:
Our analysis of ZION’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.03 whereas as Long-Term Debt/Eq ratio is at 0.09.
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:
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 May 17 ’24 when Young Mark Richard sold 147 shares for $45.02 per share. The transaction valued at 6,618 led to the insider holds 11,938 shares of the business.
Arbuckle Jason D. sold 358 shares of ZION for $16,050 on May 16 ’24. The SVP – Controller now owns 1,681 shares after completing the transaction at $44.83 per share. On May 03 ’24, another insider, Robinson Rebecca K, who serves as the Executive Vice President of the company, sold 5,291 shares for $43.66 each. As a result, the insider received 231,005 and left with 22,238 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 7756317184 and an Enterprise Value of 10411951104. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.67, and their Forward P/E ratio for the next fiscal year is 11.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 3.524.
Stock Price History:
The Beta on a monthly basis for ZION is 1.11, which has changed by 0.36618984 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, ZION has reached a high of $51.24, while it has fallen to a 52-week low of $28.90. The 50-Day Moving Average of the stock is 20.19%, while the 200-Day Moving Average is calculated to be 30.02%.
Shares Statistics:
ZION traded an average of 1.53M shares per day over the past three months and 2222630 shares per day over the past ten days. A total of 148.15M shares are outstanding, with a floating share count of 145.25M. Insiders hold about 1.63% of the company’s shares, while institutions hold 77.19% stake in the company. Shares short for ZION as of 1719532800 were 8850113 with a Short Ratio of 5.77, compared to 1717113600 on 8022348. Therefore, it implies a Short% of Shares Outstanding of 8850113 and a Short% of Float of 7.08.
Dividends & Splits
With its trailing 12-month dividend rate of 0.82, ZION has a forward annual dividend rate of 1.64. Against a Trailing Annual Dividend Yield of 0.016572352The stock’s 5-year Average Dividend Yield is 3.43. The current Payout Ratio is 37.74% for ZION, which recently paid a dividend on 2024-05-15 with an ex-dividend date of 1715731200. Stock splits for the company last occurred on 1997-05-15 when the company split stock in a 4:1 ratio.
