Zions Bancorporation N.A (NASDAQ: ZION) is 37.25% higher on its value in year-to-date trading and has touched a low of $32.24 and a high of $61.08 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 $59.69 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $60.21, the stock is 11.51% and 20.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 0.87% at the moment leaves the stock 33.81% off its SMA200. ZION registered 84.07% gain for a year compared to 6-month gain of 33.50%. The firm has a 50-day simple moving average (SMA 50) of $49.885 and a 200-day simple moving average (SMA200) of $44.99775.
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The stock witnessed a 19.23% loss in the last 1 month and extending the period to 3 months gives it a 30.52%, and is -0.23% 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 3.20% over the week and 3.07% over the month.
Zions Bancorporation N.A (ZION) has around 9679 employees, a market worth around $8.89B and $4.94B in sales. Current P/E ratio is 13.70 and Fwd P/E is 12.30. Profit margin for the company is 13.10%. Distance from 52-week low is 86.76% and -1.42% from its 52-week high. The company has generated returns on investments over the last 12 months (9.09%).
The EPS is expected to grow by 12.38% this year
578.0 institutions hold shares in Zions Bancorporation N.A (ZION), with institutional investors hold 80.05% of the company’s shares. The shares outstanding are 148.15M, and float is at 145.36M with Short Float at 3.94%. Institutions hold 78.55% 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
Zions Bancorporation N.A disclosed in a document filed with the SEC on Nov 11 ’24 that Ellingsen Eric (Executive VP &) sold a total of 1,238 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $60.84 per share for $75316.0. Following the transaction, the insider now directly holds 35878.0 shares of the ZION stock.
Still, SEC filings show that on Nov 08 ’24, Smith Jennifer Anne (Executive Vice President) disposed off 3,605 shares at an average price of $58.06 for $0.21 million. The insider now directly holds 24,714 shares of Zions Bancorporation N.A (ZION).
