Stock on Demand This Week: Zions Bancorporation National Association (ZION)

Zions Bancorporation National Association (NASDAQ:ZION) saw an upside of 0.43% to close Tuesday at $62.71 after adding $0.27 on the day. The 5-day average trading volume is 941,720 shares of the company’s common stock. It has gained $64.41 in the past week. An average of 1,269,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,208,778.

ZION’s 1-month performance is 7.55% or $5.33 on its low of $54.37 reached on 09/20/21. The company’s shares have touched a 52-week low of $29.83 and high of $64.65, with the stock’s rally to the 52-week high happening on 10/05/21. YTD, ZION has achieved 44.36% or $19.27. However, the current price is down -3.00%% from the 52-week high price.


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Insider Transactions

On May 28, 138 days have gone by since the last insider trading activity for Zions Bancorporation National Association (ZION). Stewart Randy R (Exec VP) most recently sold 3,460 shares at $57.65 per share on May 28. This transaction cost the insider $199,484. Senior Vice President, Hume Alexander, sold 249 shares at a price of $56.59 on May 26. Then, on May 14, Exec VP Young Mark Richard sold 639 shares at a price of $60.06 per share. This transaction amounted to $38,378.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 24.14 and a low of 5.775. ZION stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.42 while the price-to-book (PB) in the most recent quarter is 1.34, with the price to cash flow ratio at 58.38.

Zions Bancorporation National Association pays an annual dividend of $1.52 per share. Its dividend yield is 2.42% and the payout ratio is 20.40%. ZION’s most recent quarterly dividend payment was made on Aug. 19, when it paid $0.38 a share compared with prior rate of $0.34, up 10.53% from last year’s. The company has boosted its dividend for the last 5 consecutive years with the latest dividend increase of $0.04 reported on Friday July 23 2021.

It is projected that Zions Bancorporation National Association’s next ex-dividend date will be on NA’s. ZION is expected to distribute $12-Nov as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.17, while the total debt to equity was 0.17. The firm’s gross profit as reported stood at $2.22 billion against revenue of $2.37 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ZION to announce $1.29 per share in earnings in its latest quarter, but it posted $2.08, representing a 61.20% surprise. ZION stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.32 billion. Shareholders hold equity totaling $162.07 million

Technical Picture

Let’s look briefly at Zions Bancorporation National Association (ZION) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 58.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.28%.

The stock’s 5-day moving average is $62.90, reflecting a -1.18% or -$0.75 change from its current price. ZION is currently trading +10.29% above its 20-day SMA, +9.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +21.46% and +44.69% respectively.

Stochastic %K and %D was 78.24% and 81.75% and the average true range (ATR) pointed at 1.62. The RSI (14) points at 60.09%, while the 14-day stochastic is at 72.79% with the period’s ATR at 1.65. The stock’s 9-day MACD Oscillator is pointing at -0.16 and 0.28 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Zions Bancorporation National Association (NASDAQ: ZION), Keefe Bruyette upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for ZION stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate ZION as a “sell,”, while 14 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.

What is ZION’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $49.00 and a high of $72.00, with their median price target at $64.00. Looking at these predictions, the average price target given by analysts is for Zions Bancorporation National Association (ZION) stock is $62.64.

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