In the latest trading session, 0.9 million Zions Bancorporation N.A (NASDAQ:ZION) shares changed hands as the company’s beta touched 1.08. With the company’s most recent per share price at $51.81 changing hands around $2.37 or 4.79% at last look, the market valuation stands at $7.65B. ZION’s current price is a discount, trading about -2.91% off its 52-week high of $53.32. The share price had its 52-week low at $28.90, which suggests the last value was 44.22% up since then. When we look at Zions Bancorporation N.A’s average trading volume, we note the 10-day average is 1.37 million shares, with the 3-month average coming to 1.56 million.
Analysts gave the Zions Bancorporation N.A (ZION) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 11 recommended ZION as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Zions Bancorporation N.A’s EPS for the current quarter is expected to be 1.15.
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Zions Bancorporation N.A (NASDAQ:ZION) trade information
Instantly ZION is in green as seen in intraday trades today. With action 2.59%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.10%, with the 5-day performance at 2.59% in the green. However, in the 30-day time frame, Zions Bancorporation N.A (NASDAQ:ZION) is 9.53% up. Looking at the short shares, we see there were 5.92 million shares sold at short interest cover period of 3.83 days.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 5.8% from its recent market value. According to analyst projections, ZION’s forecast low is 45 with 85 as the target high. To hit the forecast high, the stock’s price needs a -64.06% plunge from its current level, while the stock would need to tank 13.14% for it to hit the projected low.
Zions Bancorporation N.A (ZION) estimates and forecasts
Data shows that the Zions Bancorporation N.A share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.10% over the past 6 months, a -6.79% in annual growth rate that is considerably higher than the industry average of -14.70%. Year-over-year growth is forecast to reach -1.40% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 780.23M. 13 analysts are of the opinion that Zions Bancorporation N.A’s revenue for the current quarter will be 771.01M. The company’s revenue for the corresponding quarters a year ago was 731M and 742M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.70%. The estimates for the next quarter sales put growth at 3.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.26%. The 2024 estimates are for Zions Bancorporation N.A earnings to increase by 9.74%, but the outlook for the next 5-year period is at 5.96% per year.
ZION Dividends
Zions Bancorporation N.A is expected to release its next quarterly earnings report on 2025-Jan-20. The 3.17% annual yield figure for the share gives it an annual dividend of 1.64. It is important to note, however, that the 3.17% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.45 per year.
Zions Bancorporation N.A (NASDAQ:ZION)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.87% of Zions Bancorporation N.A shares while 79.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.59%. There are 79.08% institutions holding the Zions Bancorporation N.A stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.4554% of the shares, roughly 18.35 million ZION shares worth $795.91 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.0456% or 13.33 million shares worth $578.02 million as of 2024-06-30.
