The closing price of Zions Bancorporation N.A (NASDAQ: ZION) was $38.68 for the day, up 0.68% from the previous closing price of $38.42. In other words, the price has increased by $+0.26 from its previous closing price. On the day, 1785866 shares were traded. ZION stock price reached its highest trading level at $39.23 during the session, while it also had its lowest trading level at $38.33.
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 0.86 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 the company, Truist on January 05, 2024, Downgraded its rating to Hold and sets its target price to $46 from $51 previously.
On December 15, 2023, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $45.
Citigroup Downgraded its Buy to Neutral on November 21, 2023, while the target price for the stock was maintained at $37.
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 22 when Young Mark Richard sold 5,597 shares for $40.21 per share. The transaction valued at 225,055 led to the insider holds 12,133 shares of the business.
STEPHENS STEVEN DAN sold 7,500 shares of ZION for $306,075 on Feb 16. The Executive Vice President now owns 44,056 shares after completing the transaction at $40.81 per share. On Feb 06, another insider, SIMMONS HARRIS H, who serves as the Chairman & CEO of the company, bought 3,600 shares for $38.99 each. As a result, the insider paid 140,350 and bolstered with 1,261,866 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 5.73B. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.88, and their Forward P/E ratio for the next fiscal year is 8.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 1.12.
Stock Price History:
Over the past 52 weeks, ZION has reached a high of $51.19, while it has fallen to a 52-week low of $18.26. The 50-Day Moving Average of the stock is 42.14, while the 200-Day Moving Average is calculated to be 35.25.
Shares Statistics:
ZION traded an average of 2.71M shares per day over the past three months and 2.39M shares per day over the past ten days. A total of 148.15M shares are outstanding, with a floating share count of 145.73M. Insiders hold about 1.63% of the company’s shares, while institutions hold 79.75% stake in the company. Shares short for ZION as of Jan 31, 2024 were 7.28M with a Short Ratio of 2.68, compared to 11.32M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.91% and a Short% of Float of 5.86%.
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 4.27%, it implies a Forward Annual Dividend Yield of 4.24%. The stock’s 5-year Average Dividend Yield is 3.31. The current Payout Ratio is 37.74% for ZION, which recently paid a dividend on Feb 22, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on May 15, 1997 when the company split stock in a 4:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 22 analysts. On average, analysts expect EPS of $0.98 for the current quarter, with a high estimate of $1.09 and a low estimate of $0.84, while EPS last year was $1.33. The consensus estimate for the next quarter is $1.03, with high estimates of $1.21 and low estimates of $0.91.
Analysts are recommending an EPS of between $4.77 and $3.98 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $4.64, with 22 analysts recommending between $5.15 and $4.23.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $763M to a low estimate of $728M. As of the current estimate, Zions Bancorporation N.A’s year-ago sales were $839M, an estimated decrease of -11.00% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $754.86M, a decrease of -0.50% over than the figure of -$11.00% in the same quarter last year. There is a high estimate of $777M for the next quarter, whereas the lowest estimate is $735.7M.
A total of 19 analysts have provided revenue estimates for ZION’s current fiscal year. The highest revenue estimate was $3.12B, while the lowest revenue estimate was $2.98B, resulting in an average revenue estimate of $3.05B. In the same quarter a year ago, actual revenue was $3.12B, down -2.20% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $3.18B in the next fiscal year. The high estimate is $3.28B and the low estimate is $3.08B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
