Zions Bancorporation N.A (NASDAQ: ZION) is -9.30% lower on its value in year-to-date trading and has touched a low of $18.26 and a high of $46.15 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 $39.80 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $39.79, the stock is -0.83% and -3.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 37.2 million and changing -0.03% at the moment leaves the stock 10.02% off its SMA200. ZION registered 29.57% gain for a year compared to 6-month gain of 7.31%.
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The stock witnessed a -1.56% loss in the last 1 month and extending the period to 3 months gives it a -4.85%, and is -5.80% 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 3.06% over the week and 3.15% over the month.
Zions Bancorporation N.A (ZION) has around 9679 employees, a market worth around $5.90B and $4.63B in sales. Current P/E ratio is 9.13 and Fwd P/E is 8.60. Profit margin for the company is 13.92%. Distance from 52-week low is 117.91% and -13.78% from its 52-week high. The company has generated returns on investments over the last 12 months (10.25%).
Zions Bancorporation N.A quarterly earnings per share for the current quarter are estimated at $0.99 with sales reaching $746.44M over the same period.The EPS is expected to shrink by -2.00% this year, but quarterly earnings will post -2.20% year-over-year. Quarterly sales are estimated to shrink -11.00% in year-over-year returns.
Zions Bancorporation N.A (ZION) Top Institutional Holders
649 institutions hold shares in Zions Bancorporation N.A (ZION), with institutional investors hold 78.25% of the company’s shares. The shares outstanding are 148.15M, and float is at 145.73M with Short Float at 7.28%. Institutions hold 76.73% 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
The most recent transaction is an insider purchase by SIMMONS HARRIS H,the company’sChairman & CEO. SEC filings show that SIMMONS HARRIS H bought 4,000 shares of the company’s common stock on Feb 27 ’24 at a price of $38.54 per share for a total of $0.15 million. Following the purchase, the insider now owns 1.31 million shares.
Zions Bancorporation N.A disclosed in a document filed with the SEC on Feb 22 ’24 that Young Mark Richard (Exec VP) sold a total of 5,597 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $40.21 per share for $0.23 million. Following the transaction, the insider now directly holds 12133.0 shares of the ZION stock.
Still, SEC filings show that on Feb 16 ’24, STEPHENS STEVEN DAN (Executive Vice President) disposed off 7,500 shares at an average price of $40.81 for $0.31 million. The insider now directly holds 44,056 shares of Zions Bancorporation N.A (ZION).
