On Thursday, the analysts here at StockNews.com published their first research report of the day, and they chose Zions Bancorporation, National Association, as the company to focus their attention on (NASDAQ: ZION).
The company is encouraged to “hold” onto the financial institution’s stock as part of its investment strategy.
On January 23rd, Zions Bancorporation, National Association issued the most recent earnings report for the company (NASDAQ: ZION).
The financial institution reported earnings per share for the period of $1.84, which was $0.18 higher than the estimates compiled by most industry professionals.
The actual amount of revenue brought in for the company during the quarter is $988 million, which is significantly higher than the $873.05 million in revenue forecasted for the corporation throughout the quarter.
The net margin and return on equity for Zions Bancorporation, National Association, were at 18.36%.
The current year’s results for the same quarter compared to those of the prior year show that earnings per share for the current year are $1.34.
According to the projections of financial analysts, Zions Bancorporation National Association is expected to generate earnings of 6.4 cents per share in 2018.
ZION was priced at $30.71 when trading started on Thursday.
The stock has a price-to-earnings ratio of 5.29, a price-to-earnings-to-growth ratio of 0.25, and a beta value of 1.17.
All of these ratios indicate that the stock is relatively expensive.
The company has a market capitalization of $4.57 billion currently.
The company’s moving averages are $50.00 for the previous fifty days and $51.02 for the previous 200 days.
Although the current ratio, the quick ratio, and the debt-to-equity ratio all come in at 0.84, the debt-to-equity ratio currently stands at 2.49. Over the last 52 weeks, the price of Zions Bancorporation, National Association has ranged from a low of $2.55 to a high of $71.25 at various points.
Analysts from a wide variety of firms have recently been examining the company’s share price. Zions Bancorporation, National Association, was assigned the ” underweight ” rating by JPMorgan Chase & Co in a research report published on January 25th.
This rating represents a downgrade from the company’s “neutral.” In addition, they lowered the price target they had set for the stock, which had been $49 previously and is now $46. Wells Fargo & Company decreased their target price on Zions Bancorporation and National Association shares from $55.00 to $50.00 in a research report published on Thursday, March 9th.
In a research note published on February 1st, Truist Financial upgraded Zions Bancorporation, National Association to a “buy” rating and increased their price objective on the stock from $57.00 to $59.00.
Both of these moves were made about the company’s stock. On Tuesday, December 20th, DA Davidson released a research note that gave Zions Bancorporation, National Association a “buy” rating and established a price objective of $56.00 for the company.
In addition, the research note mentioned that they had a price target of $56.00 in mind for the company.
They explained their choice by stating that it was derived from their situation evaluation. UBS Group finally increased their price objective on Zions Bancorporation and National Association shares to $65.00 in a research report published on November 16th. On Wednesday, the findings of the study were made public.
Two investment professionals have rated the stock as a “sell,” eleven financial analysts have recommended that investors “hold” the stock, and three analysts have rated the stock as a “buy.” The information obtained from Bloomberg.com indicates that the current rating for Zions Bancorporation, National Association is “Hold” and that the price target has been calculated to have an average value of $58.32.
On January 31st, Zions Bancorporation’s National Association Chief Executive Officer Alan M. Forney sold 4,307 shares of the company.
This brings us to another piece of news regarding the company.
The shares were obtained at an average price of $53.02 per share, which brought the total value of the transaction up to 228,357.14 dollars. Following the completion of the sale, the chief executive officer has gained direct ownership of 18,014 company shares, which have an estimated value of $955,102.28 at present. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. On January 31st, Zions Bancorporation’s National Association Chief Executive Officer Alan M. Forney sold 4,307 shares of the company.
This brings us to another piece of news regarding the company.
The shares were obtained at an average price of $53.02 per share, which brought the total value of the transaction up to 228,357.14 dollars.
As a direct consequence of the transaction, the chief executive officer now has ownership of 18,014 shares of the company.
These shares have a value of approximately $955,102.28. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
Additionally, on the same day, the Executive Vice President of the company, Terry Alan Shirey, sold 2,248 shares of the company’s stock.
The average price at which the stock was bought and sold was $52.84, resulting in a total value of $118,784.32 for the traded shares.
As a direct result of the transaction, the company’s executive vice president now owns 19,221 shares of the corporation, which have a combined value of $1,015,637.64.
Disclosures related to the sale might be found in this website section.
During the most recent fiscal quarter, company insiders sold 12,932 shares of the company’s stock, realizing a total sale price of $693,458 due to their transactions.
The current percentage of the company’s stock owned by company insiders is 1.81%.
In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold. Vanguard Group INC increased the amount of Zions Bancorporation and National Association stock that is owned by 4.7% during the third quarter. Ye.commastmastmastmastmastmastmastmastmastmastmastmastmastmastmas, etc. Victory Capital Management INC raised the proportion of Zions Bancorporation, National Association stock that is owned by 7.2% during the third quarter of this year. Victory Capital Management INC now holds 7,704,832 shares of the bank’s stock, currently valued at $391,868,000, after making a new purchase of 516,551 shares during the most recent quarter.
A 4.4% increase in the proportion of Zions Bancorporation, National Association shares that State Street Corporation owned as of the end of the third quarter was accomplished by that company. Following the acquisition of an additional 304,725 shares of the bank’s stock during the most recent quarter, State Street Corp. now holds a total of the company’s stock valued at $7,299,350.
LSV Asset Management increased its holdings in Zions Bancorporation, National Association by 16.2% over the final three months of 2018.
As a result of the company’s purchase of an additional 656,756 shares over the most recent three months, LSV Asset Management now owns a total of 4,719,478 shares of the bank’s stock.
These shares have a value of $232,010,00 thanks to the company’s increased holdings by $656,756.
During the third quarter, Massachusetts Financial Services Co, MA, saw a 3.8% increase in the percentage of ownership that it held in Zions Bancorporation, National Association.
MA purchased an additional 162,464 shares of the bank’s stock during the most recent quarter, bringing its total stock purchase to $4,413,092 worth of the company’s shares, which have a value of $224,450,000.
This most recent quarter was the most recent quarter.
To the tune of 81.86% of the company’s shares, hedge funds, and other institutional investors are the proud owners.