Home  »  Business   »  Zions Bancorporation National Association (ZION) S...

Zions Bancorporation National Association (ZION) Shares Are Down -16.16% So Far This Year

Zions Bancorporation National Association (NASDAQ:ZION) has a beta value of 1.14 and has seen 3.64 million shares traded in the last trading session. The company, currently valued at $7.45B, closed the last trade at $51.77 per share which meant it lost -$0.88 on the day or -1.67% during that session. The ZION stock price is -45.72% off its 52-week high price of $75.44 and 12.67% above the 52-week low of $45.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.55 million shares traded. The 3-month trading volume is 1.45 million shares.

The consensus among analysts is that Zions Bancorporation National Association (ZION) is a Hold stock at the moment, with a recommendation rating of 2.50. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 12 out of 24 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.68.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Zions Bancorporation National Association (NASDAQ:ZION) trade information

Sporting -1.67% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the ZION stock price touched $51.77 or saw a rise of 2.76%. Year-to-date, Zions Bancorporation National Association shares have moved 5.31%, while the 5-day performance has seen it change 1.79%. Over the past 30 days, the shares of Zions Bancorporation National Association (NASDAQ:ZION) have changed 8.83%. Short interest in the company has seen 2.34 million shares shorted with days to cover at 1.75.

Wall Street analysts have a consensus price target for the stock at $56.53, which means that the shares’ value could jump 8.42% from current levels. The projected low price target is $49.00 while the price target rests at a high of $61.00. In that case, then, we find that the current price level is -17.83% off the targeted high while a plunge would see the stock lose 5.35% from current levels.

Zions Bancorporation National Association (ZION) estimates and forecasts

Figures show that Zions Bancorporation National Association shares have outperformed across the wider relevant industry. The company’s shares have lost -4.29% over the past 6 months, with this year growth rate of 13.99%, compared to 7.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 25.40% and 26.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.90%.

10 analysts offering their estimates for the company have set an average revenue estimate of $858.14 million for the current quarter. 9 have an estimated revenue figure of $854.6 million for the next quarter concluding in Mar 2023. Year-ago sales stood $743 million and $686 million respectively for this quarter and the next, and analysts expect sales will grow by 15.50% for the current quarter and 24.60% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.80% over the past 5 years.

ZION Dividends

Zions Bancorporation National Association is expected to release its next earnings report between April 24 and April 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.64 at a share yield of 3.17%. The company’s dividend yield has gone up over the past 12 months.

Zions Bancorporation National Association (NASDAQ:ZION)’s Major holders

Insiders own 1.63% of the company shares, while shares held by institutions stand at 82.87% with a share float percentage of 84.24%. Investors are also buoyed by the number of investors in a company, with Zions Bancorporation National Association having a total of 678 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 19.04 million shares worth more than $969.22 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 12.65% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 9.94 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $505.95 million and represent 6.61% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Victory Portfolios-Sycamore Established Value Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 3.39% shares in the company for having 5.1 million shares of worth $259.59 million while later fund manager owns 4.45 million shares of worth $226.5 million as of Jun 29, 2022, which makes it owner of about 2.96% of company’s outstanding stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts