As of Friday close, Zions Bancorporation National Association’s (NASDAQ:ZION) stock was up $0.51, moving up 1.36 percent to $37.92. The average number of shares traded per day over the past five days has been 3,474,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.77 fall in that time frame. In the last twenty days, the average volume was 4,548,275, while in the previous 50 days, it was 4,350,158.
Since last month, ZION stock rose 36.50%. Shares of the company fell to $26.69 on 07/06/23, the lowest level in the past month. A 52-week high of $59.75 was reached on 02/03/23 after having rallying from a 52-week low of $18.26. Since the beginning of this year, ZION’s stock price has dropped by -22.86% or -$11.24, and marked a new high 11 times. However, the stock has declined by -36.54% since its 52-week high.
ZION stock investors should be aware that Zions Bancorporation National Association (ZION) stock had its last reported insider trading activity 93 days ago on May 04. Huang Claire A, the Director of the company, purchased of 18,000 shares for $20.02 on May 04. It resulted in a $360,378 investment by the insider. Robinson Rebecca K added 10,000 shares at an average price of $20.38 on May 04. The insider now owns 10,360 shares following the transaction. On May 04, Director Huang Claire A bought 6,000 shares at $19.98 apiece. The transaction was valued at $119,904.
Valuation Metrics
Right now, Zions Bancorporation National Association (ZION) has a P/E ratio of about 6.55. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 5.40 may also be considered.
The latest dividend of $0.41 per share was paid out, remained unchanged from last year’s $0.41. On Friday July 29 2022, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.14, and the total debt-to-equity ratio was 0.14. In the year ended June 29, operating margins totaled 88.70%. Based on annual data, ZION earned $2.52 billion in gross profit and brought in $2.71 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 42.20%. Return on equity (ROE) for the past 12 months was 18.70%.
In Zions Bancorporation National Association’s quarter-end financial report for June 29, it reported total debt of $663.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Zions Bancorporation National Association to report $1.11 quarterly earnings, the actual figure was $1.11 per share. The value of shareholders’ equity is $148.1 million.
Technical Picture
This quick technical analysis looks at Zions Bancorporation National Association’s (ZION) price momentum. With a historical volatility rate of 51.47%, the RSI 9-day stood at 63.42% on 04 August.
With respect to its five-day moving average, the current Zions Bancorporation National Association price is down by -1.99% percent or -$0.77. At present, ZION shares trade +30.85% above its 20-day simple moving average and +26.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +29.02% above its SMA50 and -26.91% below its SMA200.
Stochastic coefficient K was 74.31% and Stochastic coefficient D was 73.85%, while ATR was 1.79. Given the Stochastic reading of 79.26% for the 14-day period, the RSI (14) reading has been calculated as 63.84%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at 0.48.
Analyst Ratings
Zions Bancorporation National Association downgraded its rating on Zions Bancorporation National Association (NASDAQ: ZION) to a Neutral in a note to investors on July 24, 2023. The analysts firm previously had an Overweight rating on the stock.Zions Bancorporation National Association (ZION) has been rated Hold by analysts. According to 2 brokerage firms, ZION is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Zions Bancorporation National Association stock as buy, with 6 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $27.00 – $45.00. Based on these forecasts, analysts predict Zions Bancorporation National Association (ZION) will achieve an average price target of $37.29.
