The stock of Zions Bancorporation National Association (NASDAQ:ZION) decreased by -$0.29 on Tuesday to finish at $35.89, down -0.80 percent. The last five days have seen an average of 3,175,080 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$13.27. The average number of shares traded over the last 20 days was 2,740,290, while the average volume over the last 50 days totaled 3,386,022.
ZION stock appreciated 3.34% since last month. On 08/23/23, the company’s shares reached a one-month low of $32.65. The stock touched a high of $58.88 on 02/03/23, after rallying from a low of $18.26 in 52 weeks. The price of ZION stock has declined by -26.99% or -$13.27 this year, reaching a new high 11 times. Still, the stock price is down -39.05% 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 139 days ago on May 04. On May 04, Director Huang Claire A acquired 18,000 shares at $20.02 each. This transaction resulted in the insider spending $360,378. On May 04, Robinson Rebecca K added 10,000 shares at a price of US$20.38. After the transaction, the insider now owns 10,360 shares. Director Huang Claire A had earlier bought 6,000 shares on May 04 for $19.98 a share. The transaction was completed for $119,904.
Valuation Metrics
Zions Bancorporation National Association (ZION) has a trailing price-to-earnings (P/E) ratio of 6.31. Beta for the stock is 1.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 1.09, and the price-to-cash flow ratio of 3.97.
Company paid $0.41 per share in dividends, remained unchanged from $0.41 last year. A $0.03 dividend increase was reported on Friday July 29 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.11, and the total debt to equity ratio is 0.11. Zions Bancorporation National Association’s operating margin stood at 71.20% for the same period. Based on annual data, it had gross profit of $2.52 billion and revenue of $2.71 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZION’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 42.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.50%.
Earnings Surprise
According to Zions Bancorporation National Association’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Zions Bancorporation National Association’s quarterly earnings would be $1.11, but it ended up being $1.11. At the end of Zions Bancorporation National Association’s most recent quarter ended June 29, its total debt was $6.66 billion. Equity owned by shareholders amounts to $148.15 million.
Technical Picture
Here’s a quick look at Zions Bancorporation National Association’s (ZION) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 50.64%, suggesting the stock is Neutral, with a 46.76% historical volatility rate.
The stochastic %K and %D were 72.31% and 77.83% respectively, while the average true range (ATR) was 1.35. Based on the 14-day stochastic reading of 62.94%, the RSI (14) reading is 51.56%. On the 9-day MACD Oscillator, the stock is at 0.46, and the 14-day reading is at 0.57.
Analyst Ratings
Zions Bancorporation National Association (NASDAQ: ZION) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Zions Bancorporation National Association (ZION) an Hold rating. ZION is a stock that is recommended for selling by 2 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is ZION’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $45.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Zions Bancorporation National Association (ZION) is $37.39.
