Looking To Buy Zions Bancorporation National Association (ZION)? Read This First

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Zions Bancorporation National Association (NASDAQ:ZION) saw a downside of -1.67% to close Tuesday at $51.77 after subtracting -$0.88 on the day. The 5-day average trading volume is 2,533,700 shares of the company’s common stock. It has gained $53.24 in the past week and touched a new high 3 times within the past 5 days. An average of 1,408,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,453,414.

ZION’s 1-month performance is 8.83% or $3.32 on its low of $47.56 reached on 01/19/23. The company’s shares have touched a 52-week low of $45.21 and high of $75.44, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, ZION has achieved 5.31% or $2.61 and has reached a new high 7 times. However, the current price is down -31.38% from the 52-week high price.


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Insider Transactions

ZION stock investors last saw insider trading activity on Dec 01.LAURSEN THOMAS E (Executive VP &) most recently sold 880 shares at $51.79 per share on Dec 01. This transaction cost the insider $45,575. Executive VP &, Ellingsen Eric, sold 1,900 shares at a price of $51.84 on Dec 01. Then, on Nov 10, Executive Vice President STEPHENS STEVEN DAN sold 7,500 shares at a price of $53.70 per share. This transaction amounted to $402,780.

Valuation Metrics

ZION stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.06 while the price-to-book (PB) in the most recent quarter is 1.82, with the price to cash flow ratio at 11.07.

As well, the company’s long term debt to equity for the quarter ending December 30 was 0.15, while the total debt to equity was 0.15. The firm’s gross profit as reported stood at $2.21 billion against revenue of $2.27 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ZION to announce $1.64 per share in earnings in its latest quarter, but it posted $1.84, representing a 12.20% surprise. Shareholders hold equity totaling $149.62 million.

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 24 January was 58.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.41%.

The stock’s 5-day moving average is $50.74, reflecting a +1.79% or $0.91 change from its current price. ZION is currently trading +7.23% above its 20-day SMA, -6.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.14% and SMA200 by-18.69%.

Stochastic %K and %D was 82.43% and 66.10% and the average true range (ATR) pointed at 1.70. The RSI (14) points at 56.85%, while the 14-day stochastic is at 74.19% with the period’s ATR at 1.62. The stock’s 9-day MACD Oscillator is pointing at 1.00 and 1.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Zions Bancorporation National Association (NASDAQ: ZION), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock.

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