Zions Bancorporation N.A (NASDAQ: ZION) is 2.69% higher on its value in year-to-date trading and has touched a low of $28.90 and a high of $53.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZION stock was last observed hovering at around $45.78 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $45.05, the stock is -4.77% and -5.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -1.59% at the moment leaves the stock 4.87% off its SMA200. ZION registered 29.71% gain for a year compared to 6-month gain of 10.15%.
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The stock witnessed a -0.97% loss in the last 1 month and extending the period to 3 months gives it a 10.69%, and is -4.74% 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 3.44% over the week and 2.55% over the month.
Zions Bancorporation N.A (ZION) has around 9679 employees, a market worth around $6.65B and $4.84B in sales. Current P/E ratio is 10.85 and Fwd P/E is 9.40. Profit margin for the company is 12.64%. Distance from 52-week low is 55.88% and -15.51% from its 52-week high. The company has generated returns on investments over the last 12 months (9.05%).
The EPS is expected to grow by 5.60% this year
574.0 institutions hold shares in Zions Bancorporation N.A (ZION), with institutional investors hold 79.82% of the company’s shares. The shares outstanding are 148.15M, and float is at 145.31M with Short Float at 4.42%. Institutions hold 78.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.35 million shares valued at $795.91 million. The investor’s holdings represent 12.4554 of the ZION Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.33 million shares valued at $578.02 million to account for 9.0456 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.25 million shares representing 4.2412 and valued at over $271.0 million, while STATE STREET CORP holds 4.1706 of the shares totaling 6.14 million with a market value of $266.51 million.
Zions Bancorporation N.A (ZION) Insider Activity
The most recent transaction is an insider sale by ALEXANDER BRUCE K, the company’s Exec VP and. SEC filings show that ALEXANDER BRUCE K sold 5,156 shares of the company’s common stock on Jul 29 ’24 at a price of $51.83 per share for a total of $0.27 million. Following the sale, the insider now owns 17857.0 shares.
Zions Bancorporation N.A disclosed in a document filed with the SEC on Jul 26 ’24 that SHIREY TERRY ALAN (Executive Vice President &) sold a total of 1,917 shares of the company’s common stock. The trade occurred on Jul 26 ’24 and was made at $51.78 per share for $99262.0. Following the transaction, the insider now directly holds 24640.0 shares of the ZION stock.
Still, SEC filings show that on Jul 26 ’24, MCLEAN SCOTT J (President) disposed off 60,000 shares at an average price of $51.85 for $3.11 million. The insider now directly holds 50,880 shares of Zions Bancorporation N.A (ZION).
