Zions Bancorporation National Association (NASDAQ: ZION) is -37.96% lower on its value in year-to-date trading and has touched a low of $23.58 and a high of $52.48 in the current 52-week trading range. The ZION stock was last observed hovering at around $32.21 in the recent trading session, with the current gains setting it 0.1% off its average median price target of $35.50 for the next 12 months. It is also 35.38% off the consensus price target high of $50.00 offered by 24 analysts, but current levels are -34.63% lower than the price target low of $24.00 for the same period.
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At last check, trading at $32.31, the stock is -4.67% and -1.75% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.47 million and changing 0.31% at the moment leaves the stock -19.78% off its SMA200. ZION registered -29.73% loss for a year compared to 6-month loss of -37.58%. The firm has a 50-day simple moving average (SMA 50) of $34.58 and a 200-day simple moving average (SMA200) of $36.61.
The stock witnessed a -12.38% gain in the last 1 month and extending the period to 3 months gives it a 3.92%, and is -0.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.68% over the week and 4.73% over the month.
Zions Bancorporation National Association (ZION) has around 10188 employees, a market worth around $4.99B and $2.63B in sales. Current P/E ratio is 10.21 and Fwd P/E is 10.26. Profit margin for the company is 22.00%. Distance from 52-week low is 37.02% and -38.43% from its 52-week high. The company has generated returns on investments over the last 12 months (23.50%).
Zions Bancorporation National Association (ZION) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Zions Bancorporation National Association (ZION) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.70, where 17 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Zions Bancorporation National Association is expected to release its quarterly report on 07/20/2020 and quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $692.65M over the same period.The EPS is expected to grow by 2.20% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -1.20% in year-over-year returns.
Zions Bancorporation National Association (ZION) Top Institutional Holders
670 institutions hold shares in Zions Bancorporation National Association (ZION), with 2.5M shares held by insiders accounting for 1.53% while institutional investors hold 103.68% of the company’s shares. The shares outstanding are 164.14M, and float is at 161.34M with Short Float at 4.74%. Institutions hold 102.10% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 20.85 million shares valued at $557.85 million. The investor’s holdings represent 12.72% of the ZION Shares outstanding. As of Mar 30, 2020, the second largest holder is Blackrock Inc. with 13.61 million shares valued at $364.1 million to account for 8.30% of the shares outstanding. The other top investors are Invesco Ltd. which holds 10.52 million shares representing 6.42% and valued at over $281.61 million, while State Street Corporation holds 5.33% of the shares totaling 8.74 million with a market value of $233.84 million.
Zions Bancorporation National Association (ZION) Insider Activity
A total of 222 insider transactions have happened at Zions Bancorporation National Association (ZION) in the last six months, with sales accounting for 185 and purchases happening 37 times. The most recent transaction is an insider sale by Abbott James R, the company’s Senior Vice President. SEC filings show that Abbott James R sold 10,091 shares of the company’s common stock on May 22 at a price of $30.24 per share for a total of $0.31 million. Following the sale, the insider now owns 48131.0 shares.
Zions Bancorporation National Association disclosed in a document filed with the SEC on May 21 that LAURSEN THOMAS E (Executive VP &) sold a total of 5,229 shares of the company’s common stock. The trade occurred on May 21 and was made at $31.03 per share for $0.16 million. Following the transaction, the insider now directly holds 17746.0 shares of the ZION stock.
Still, SEC filings show that on May 18, Young Mark Richard (Exec VP) disposed off 1,827 shares at an average price of $29.53 for $53959.0. The insider now directly holds 9,375 shares of Zions Bancorporation National Association (ZION).
Zions Bancorporation National Association (ZION): Who are the competitors?
The company’s main competitors (and peers) include National Bank Holdings Corporation (NBHC) that is -28.27% lower over the past 12 months. Western Alliance Bancorporation (WAL) is -20.57% down on the 1-year trading charts. Short interest in the company’s stock has fallen -23.27% from the last report on May 28, 2020 to stand at a total of 9.43 million short shares sold with a short interest ratio of 2.94.