Zions Bancorporation N.A (NASDAQ: ZION) has a price-to-earnings ratio that is above its average at 10.99x. The stock has a 36-month beta value of 1.11. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for ZION is 145.71M, and at present, short sellers hold a 6.14% of that float. On May 08, 2024, the average trading volume of ZION was 2.82M shares.
ZION) stock’s latest price update
The stock price of Zions Bancorporation N.A (NASDAQ: ZION) has surged by 0.25 when compared to previous closing price of 43.70, but the company has seen a 7.43% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Stable non-interest expenses and fall in provisions support Zions’ (ZION) Q1 earnings amid lower revenues and a decline in loan balance.
ZION’s Market Performance
ZION’s stock has risen by 7.43% in the past week, with a monthly rise of 1.91% and a quarterly rise of 12.62%. The volatility ratio for the week is 2.34% while the volatility levels for the last 30 days are 2.76% for Zions Bancorporation N.A The simple moving average for the last 20 days is 5.92% for ZION stock, with a simple moving average of 14.29% for the last 200 days.
Analysts’ Opinion of ZION
Many brokerage firms have already submitted their reports for ZION stocks, with Deutsche Bank repeating the rating for ZION by listing it as a “Hold.” The predicted price for ZION in the upcoming period, according to Deutsche Bank is $47 based on the research report published on April 10, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see ZION reach a price target of $46, previously predicting the price at $51. The rating they have provided for ZION stocks is “Hold” according to the report published on January 05th, 2024.
Robert W. Baird gave a rating of “Neutral” to ZION, setting the target price at $45 in the report published on December 15th of the previous year.
ZION Trading at 6.57% from the 50-Day Moving Average
After a stumble in the market that brought ZION to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.07% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.03% upper at present.
During the last 5 trading sessions, ZION rose by +7.43%, which changed the moving average for the period of 200-days by +21.32% in comparison to the 20-day moving average, which settled at $41.38. In addition, Zions Bancorporation N.A saw -0.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZION starting from Robinson Rebecca K, who sale 5,291 shares at the price of $43.66 back on May 03 ’24. After this action, Robinson Rebecca K now owns 22,238 shares of Zions Bancorporation N.A, valued at $231,005 using the latest closing price.
Forney Alan M, the Exec VP & Division CEO of Zions Bancorporation N.A, sale 1,500 shares at $43.68 during a trade that took place back on May 03 ’24, which means that Forney Alan M is holding 22,181 shares at $65,520 based on the most recent closing price.
Stock Fundamentals for ZION
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 1.0 for the gross margin
The net margin for Zions Bancorporation N.A stands at 0.16. The total capital return value is set at 0.04. Equity return is now at value 11.37, with 0.71 for asset returns.
Based on Zions Bancorporation N.A (ZION), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 2.11.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 4.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To sum up, Zions Bancorporation N.A (ZION) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
