Zions Bancorporation National Association (NASDAQ:ZION) has a beta of 1.54, a 12-month trailing P/E ratio of 11.66. The stock’s Relative Strength Index (RSI) is 50.95, with weekly volatility at 4.02% and ATR at 1.93. The ZION stock’s 52-week price range has touched low of $27.55 and a $60.65 high. Its shares traded lower over the last trading session, losing -1.42% on 05/19/21. The shares fell to a low of $56.18 before closing at $57.42. Intraday shares traded counted 1.73 million, which was -20.76% lower than its 30-day average trading volume of 1.43M. ZION’s previous close was $58.25 while the outstanding shares total 163.55M.
Investors have identified the Banks – Regional company Zions Bancorporation National Association as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $9.23 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Zions Bancorporation National Association (ZION) Fundamentals that are to be considered.
ZION were able to record 431.0 million as free cash flow during the 07/19/2021 quarter of the year, this saw their quarterly net cash flow reduce by 33.0 million. In cash movements, the company had a total of 484.0 million as operating cash flow.
Potential earnings growth for Zions Bancorporation National Association (ZION)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/19/2021 quarter of the year, Zions Bancorporation National Association recorded a total of 562.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -10.68% coming in sequential stages and their sales for the 07/19/2021 quarter reducing by -1.42%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 17.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 545.0 million. This allows shareholders to hold on to 163.55M with the recently reported earning now reading 1.90 cents per share. This is a figure that compared to analyst’s prediction for their 07/19/2021 (1.90 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.29 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ZION sounds very interesting.
Is the stock of ZION attractive?
In related news, Exec VP, Young Mark Richard sold 639 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 60.06, for a total value of 38,378. As the sale deal closes, the Exec VP, Hoff Olga now sold 4,225 shares of the company’s stock, valued at 253,078. Also, Exec VP, Young Mark Richard sold 2,082 shares of the company’s stock in a deal that was recorded on May 13. The shares were price at an average price of 57.97 per share, with a total market value of 120,694. Following this completion of acquisition, the Senior Vice President, Hume Alexander now holds 5,407 shares of the company’s stock, valued at 314,742. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
7 out of 24 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on Zions Bancorporation National Association. 1 analysts has assigned a Sell rating on the ZION stock. The 12-month mean consensus price target for the company’s shares has been set at $60.64.