These Numbers Show Favorable Signs for Zions Bancorporation N.A (ZION)

Zions Bancorporation N.A (NASDAQ: ZION) is -8.62% lower on its value in year-to-date trading and has touched a low of $18.26 and a high of $53.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZION stock was last observed hovering at around $39.89 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $40.09, the stock is -4.00% and -3.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing 0.50% at the moment leaves the stock 16.48% off its SMA200. ZION registered -24.84% loss for a year compared to 6-month gain of 6.82%.

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The stock witnessed a -8.74% loss in the last 1 month and extending the period to 3 months gives it a 18.75%, and is 1.11% up 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 3.09% over the week and 3.95% over the month.

Zions Bancorporation N.A (ZION) has around Feb 14 2024 employees, a market worth around $5.94B and $4.63B in sales. Current P/E ratio is 9.20 and Fwd P/E is 8.67. Profit margin for the company is 13.94%. Distance from 52-week low is 119.55% and -25.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.35%).

Zions Bancorporation N.A quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $746.06M over the same period.The EPS is expected to shrink by -2.20% this year, but quarterly earnings will post -2.30% year-over-year. Quarterly sales are estimated to shrink -11.10% in year-over-year returns.

Zions Bancorporation N.A (ZION) Top Institutional Holders

627 institutions hold shares in Zions Bancorporation N.A (ZION), with institutional investors hold 86.04% of the company’s shares. The shares outstanding are 148.15M, and float is at 145.58M with Short Float at 5.00%. Institutions hold 84.63% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 20.17 million shares valued at $541.83 million. The investor’s holdings represent 13.62% of the ZION Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.45 million shares valued at $280.59 million to account for 7.05% of the shares outstanding. The other top investors are State Street Corporation which holds 8.18 million shares representing 5.52% and valued at over $219.59 million, while FMR, LLC holds 3.59% of the shares totaling 5.32 million with a market value of $143.01 million.

Zions Bancorporation N.A (ZION) Insider Activity

A total of 1 insider transactions have happened at Zions Bancorporation N.A (ZION) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider purchase by SIMMONS HARRIS H ,the company’sChairman & CEO. SEC filings show that SIMMONS HARRIS H bought 3,600 shares of the company’s common stock on Feb 06 at a price of $38.99 per share for a total of $0.14 million. Following the purchase, the insider now owns 1.26 million shares.

Zions Bancorporation N.A disclosed in a document filed with the SEC on Feb 06 that ANDERSON A SCOTT (Exec VP and) sold a total of 832 shares of the company’s common stock. The trade occurred on Feb 06 and was made at $39.24 per share for $32649.0. Following the transaction, the insider now directly holds 0.0 shares of the ZION stock.

Still, SEC filings show that on Jan 26, ANDERSON A SCOTT (Exec VP and) disposed off 4,093 shares at an average price of $44.25 for $0.18 million. The insider now directly holds 14,665 shares of Zions Bancorporation N.A (ZION).

Zions Bancorporation N.A (ZION): Who are the competitors?

The company’s main competitors (and peers) include Wells Fargo & Co. (WFC) that is trading -0.15% down over the past 12 months. U.S. Bancorp (USB) that is -18.15% lower over the same period.