Zions Bancorporation N.A (ZION)’s Day in Review: Closing at 41.17, Down by -0.56

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After finishing at $41.40 in the prior trading day, Zions Bancorporation N.A (NASDAQ: ZION) closed at $41.17, down -0.56%. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.1 million shares were traded. ZION stock price reached its highest trading level at $41.3 during the session, while it also had its lowest trading level at $40.68.

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 0.97 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 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 6109957120 and an Enterprise Value of 8707945472. As of this moment, Zions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.33, 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 1.28 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 2.984.

Stock Price History:

The Beta on a monthly basis for ZION is 1.09, which has changed by 0.5477444 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ZION has reached a high of $46.15, while it has fallen to a 52-week low of $26.35. The 50-Day Moving Average of the stock is -2.43%, while the 200-Day Moving Average is calculated to be 4.76%.

Shares Statistics:

The stock has traded on average 1.68M shares per day over the past 3-months and 1535380 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 145.25M. Insiders hold about 1.63% of the company’s shares, while institutions hold 77.44% stake in the company. Shares short for ZION as of 1715731200 were 8686288 with a Short Ratio of 4.78, compared to 1713139200 on 8940903. Therefore, it implies a Short% of Shares Outstanding of 8686288 and a Short% of Float of 6.950000000000001.

Dividends & Splits

In the trailing 12 months, ZION’s forward annual dividend rate was 1.64, compared to 1.64 this year. Against a Trailing Annual Dividend Yield of 0.039613526The stock’s 5-year Average Dividend Yield is 3.41. The current Payout Ratio is 37.74% for ZION, which recently paid a dividend on 2024-02-14 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.

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