Zions Bancorporation National Association (NASDAQ:ZION) finished Friday with a subtraction of -$0.34 to close at $34.13, a downside of -0.99 percent. An average of 2,248,760 shares of common stock have been traded in the last five days. There was a fall of -$0.60 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,677,240 shares traded, while the 50-day average volume stands at 3,600,386.
ZION stock has decreased by -9.25% in the last month. The company shares reached their 1-month lowest point of $32.65 on 08/23/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $18.26 and a high of $59.75 in 52 weeks. It has reached a new high 11 times so far this year and lost -30.57% or -$15.03 in price. In spite of this, the price is down -42.88% from the 52-week high.
Insider Transactions
ZION stock investors should be aware that Zions Bancorporation National Association (ZION) stock had its last reported insider trading activity 197 days ago on May 04. In this transaction, the insider spent $19,796. Executive Vice President, STEPHENS STEVEN DAN, disposed of 6,000 shares at a price of $54.42 on Feb 07. The insider now owns more than $326,510 worth of shares. Prior to that, Executive Vice President Law Scott A. went on to Sale 3,217 shares at $54.09 each on Feb 01. An amount of $174,008 was transacted.
Valuation Metrics
Zions Bancorporation National Association (ZION) has a trailing price-to-earnings (P/E) ratio of 6.00. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.48, the price-to-book (PB) ratio at 1.04, and the price-to-cash flow ratio at 3.79.
The company has a payout ratio of 28.80%. The company’s most recent quarterly dividend payment was $0.41 a share, without any change from last year. Its latest increase dividend $0.03 reported on Friday July 29 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.11 and a total debt to equity ratio of 0.11 for the quarter ending June 29. Its gross profit as reported stood at $2.52 billion compared to revenue of $2.71 billion.
Earnings Surprise
For the three-month period that ended June 29, Zions Bancorporation National Association had $538.0 million in total debt. The analyst consensus anticipated Zions Bancorporation National Association’s latest quarter earnings to come in at $1.11 per share, but it turned out to be $1.11, a 0.00% surprise. At the end of the quarter ending June 29, Zions Bancorporation National Association’s stock balance sheet showed total debt was $6.66 billion. Shareholders own equity worth $148.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Zions Bancorporation National Association (ZION) price momentum. RSI 9-day as of the close on 25 August was 40.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.39%.
As of today, ZION’s price is $34.04 -1.73% or -$0.60 from its 5-day moving average. ZION is currently trading -11.79% lower than its 20-day SMA and +17.20% higher than its 100-day SMA. However, the stock’s current price level is +21.63% above the SMA50 and -31.62% below the SMA200.
The stochastic %K and %D were 25.71% and 19.01%, respectively, and the average true range (ATR) was 1.39. With the 14-day stochastic at 24.66% and the average true range at 1.47, the RSI (14) stands at 45.63%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -1.47.
Analyst Ratings
JP Morgan downgraded Zions Bancorporation National Association (NASDAQ: ZION) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.
