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The closing price of Zions Bancorporation N.A (NASDAQ: ZION) was $41.27 for the day, down -2.13% from the previous closing price of $42.17. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 1.53 million shares were traded. ZION stock price reached its highest trading level at $41.94 during the session, while it also had its lowest trading level at $40.83.
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 0.93 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 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 6093639168 and an Enterprise Value of 8622639104. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.35, and their Forward P/E ratio for the next fiscal year is 8.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 2.955.
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 1.21%, while the 200-Day Moving Average is calculated to be 8.74%.
Shares Statistics:
ZION traded an average of 3.13M shares per day over the past three months and 2230140 shares per day over the past ten days. 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 79.83% stake in the company. Shares short for ZION as of 1713139200 were 8940903 with a Short Ratio of 2.86, compared to 1710460800 on 11717840. Therefore, it implies a Short% of Shares Outstanding of 8940903 and a Short% of Float of 7.1499999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 1.64, ZION has a forward annual dividend rate of 1.64. Against a Trailing Annual Dividend Yield of 0.03889021The stock’s 5-year Average Dividend Yield is 3.36.
