Market Insight: Zions Bancorporation N.A (ZION)’s Notable Drop, Closing at 45.35

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In the latest session, Zions Bancorporation N.A (NASDAQ: ZION) closed at $45.35 down -0.85% from its previous closing price of $45.74. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 1.76 million shares were traded. ZION stock price reached its highest trading level at $46.01 during the session, while it also had its lowest trading level at $44.96.

Ratios:

For a deeper understanding of Zions Bancorporation N.A’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 0.12.

On April 10, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $47.

Truist Downgraded its Buy to Hold on January 05, 2024, whereas the target price for the stock was revised from $51 to $46.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 29 ’24 when ALEXANDER BRUCE K sold 5,156 shares for $51.83 per share. The transaction valued at 267,257 led to the insider holds 17,857 shares of the business.

SHIREY TERRY ALAN sold 1,917 shares of ZION for $99,262 on Jul 26 ’24. The Executive Vice President & now owns 24,640 shares after completing the transaction at $51.78 per share. On Jul 26 ’24, another insider, MCLEAN SCOTT J, who serves as the President of the company, sold 60,000 shares for $51.85 each. As a result, the insider received 3,111,000 and left with 50,880 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 6698058240 and an Enterprise Value of 9473037312. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.92, and their Forward P/E ratio for the next fiscal year is 9.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 3.206.

Stock Price History:

Over the past 52 weeks, ZION has reached a high of $53.32, while it has fallen to a 52-week low of $28.90. The 50-Day Moving Average of the stock is 0.07%, while the 200-Day Moving Average is calculated to be 8.96%.

Shares Statistics:

For the past three months, ZION has traded an average of 1.63M shares per day and 1853410 over the past ten days. A total of 148.15M shares are outstanding, with a floating share count of 145.31M. Insiders hold about 1.62% of the company’s shares, while institutions hold 78.01% stake in the company. Shares short for ZION as of 1722384000 were 7820638 with a Short Ratio of 4.80, compared to 1719532800 on 8850113. Therefore, it implies a Short% of Shares Outstanding of 7820638 and a Short% of Float of 6.260000000000001.

Dividends & Splits

According to the company, the forward annual dividend rate for ZION is 1.64, from 1.64 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03585483The stock’s 5-year Average Dividend Yield is 3.44.

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