Are you intrigued by the dynamic world of stock trading and keen on understanding Zenith Bank share prices? In this comprehensive guide, we’ll unravel the intricacies of Zenith Bank Plc, its historical performance, and delve into the details of its current stock market standing. Whether you’re an investor, a financial enthusiast, or someone considering entering the stock market, this guide will equip you with the essential knowledge to navigate the exciting realm of Zenith Bank Share Price.
Zenith Bank: A Financial Powerhouse
Founded on May 30, 1990, Zenith Bank has evolved into a major player in the Nigerian financial sector. The bank offers a range of services, including corporate and investment banking, commercial and consumer banking, trade services, foreign exchange, treasury and cash management, and non-bank financial services through its subsidiaries.
Key Facts about Zenith Bank:
- Listing Status: Zenith Bank became a public limited company in June 2004 and was listed on the Nigerian Stock Exchange in October of the same year after a highly successful Initial Public Offering (IPO).
- Global Expansion: In March 2007, Zenith Bank was licensed by the Financial Services Authority of the United Kingdom to establish Zenith Bank (UK) Limited. The bank further expanded by listing $850 million worth of shares on the London Stock Exchange in 2013.
- Market Presence: Zenith Bank has over 500 branches and business offices across Nigeria and subsidiaries in Ghana, Sierra Leone, and Gambia. It also has a representative office in the People’s Republic of China, demonstrating its commitment to expanding into European and Asian markets.
Unveiling the Stock: ZENITHBANK on the NGX
Since its listing on the Nigerian Stock Exchange on October 21, 2004, Zenith Bank has been trading under the ticker symbol “ZENITHBANK.” The International Securities Identification Number (ISIN) for NGX:ZENITHBANK is NGZENITHBNK9.
Current Market Capitalization and Performance:
Market Capitalization: Zenith Bank holds the eighth position in terms of market value on the NGX with a market capitalization of NGN 1.05 trillion, representing about 2.68% of the Nigerian Stock Exchange equity market.
Recent Stock Performance:
- Recent Share Price: As of the last trading day (November 17, 2023), the closing price of ZENITHBANK was 33.40 NGN per share, reflecting a 0.3% drop from the previous closing price of 33.50 NGN.
- Year-to-Date Performance: Zenith Bank began the year with a share price of 24.00 NGN and has witnessed a remarkable 39.2% gain, positioning it as the 70th top performer on the NGX in terms of year-to-date performance.
- Short-Term Trends: Over the past week and month, ZENITHBANK has shown a positive trend, with a 1.06% increase. However, the three-month performance indicates a slight dip of 1.62%.
Deciphering Stock Market Statistics
Last Trading Results:
- Opening Price: The opening price on the last trading day was not provided.
- Day’s Low and High Prices: The stock traded between 33.35 NGN (low) and 33.60 NGN (high) on November 17, 2023.
- Traded Volume and Deals: A total volume of 7.38 million shares were traded in 282 deals, with a gross turnover of 247 million NGN.
Growth & Valuation Metrics:
- Earnings Per Share (EPS): The specific EPS value for the period is not provided.
- Price/Earning Ratio (P/E): The P/E ratio is not provided.
- Dividend Per Share and Yield: Information about dividends is not provided.
- Shares Outstanding: Zenith Bank has 31.4 billion shares outstanding.
Analyzing Recent Trading Days
| Date | Volume | Close | Change | Change % |
| 2023-11-17 | 7,383,360 | 33.40 | -0.10 | -0.30% |
| 2023-11-16 | 10,426,334 | 33.50 | -0.25 | -0.74% |
| 2023-11-15 | 10,423,384 | 33.75 | -0.65 | -1.89% |
| 2023-11-14 | 3,854,620 | 34.40 | +0.90 | +2.69% |
| … | … | … | … | … |
The Strategic Vision of Zenith Bank
Founded by Jim Ovia, Zenith Bank has consistently grown its shareholder’s fund from ₦20 million in 1990 to an impressive ₦704.50 billion as of the end of 2016. The bank’s overarching strategy is to establish the Zenith brand as a reputable international financial services network known for innovation and superior customer service.
Key Leadership:
- Managing Director/CEO: Ebenezer N. Onyeagwu (since 2019)
- Chairman: Jim Ovia (72 years old)
- Board Composition: 13 members including executives and non-executive directors.
Decoding Zenith Bank PLC Key Statistics
52-Week Range
Zenith Bank’s stock exhibits a dynamic 52-week range, reflecting the fluctuating nature of the market. As of November 18, 2022, the stock opened at 21.00 NGN, reaching its peak on September 4, 2023, at 37.80 NGN. The latest closing price of 33.30 NGN is approximately 11.90% below its 52-week high.
Intraday Trading Data
On the most recent trading day, Zenith Bank’s intraday performance showcased the following:
- Open: 33.50 NGN
- High: 33.60 NGN
- Low: 33.35 NGN
- Bid: 33.15 NGN
- Offer: 33.55 NGN
- Previous Close: 33.50 NGN
Trading Volume and Market Cap
- Average Volume: The average daily trading volume for Zenith Bank stands at 9.46 million shares, highlighting the stock’s liquidity.
- Shares Outstanding: Zenith Bank has 31.40 billion shares outstanding, contributing to its significant market presence.
- Free Float: The free float, representing the tradable portion of the total outstanding shares, is 26.10 billion.
Financial Ratios
- P/E Ratio (TTM): The Price/Earnings (P/E) ratio, calculated on a trailing twelve-month basis, is 2.17. This indicates the market’s valuation of the stock relative to its earnings.
- Market Cap: Zenith Bank boasts a substantial market capitalization of 1.05 trillion NGN, underlining its prominence in the Nigerian equity market.
- EPS (TTM): Earnings Per Share (EPS) on a trailing twelve-month basis is 15.41 NGN, signifying the portion of profit allocated to each outstanding share.
Dividend Information
- Annual Div (ADY): The annual dividend per share is 3.40 NGN, reflecting the amount distributed to shareholders per share.
- Annual Div Yield (ADY): The annual dividend yield, calculated as a percentage of the current stock price, is 10.15%. This metric is crucial for income-oriented investors.
- Div Ex-Date: The dividend ex-date, when a buyer of the stock is no longer entitled to the recently declared dividend, is September 25, 2023.
- Div Pay-Date: The dividend pay-date, when shareholders receive their dividends, is September 29, 2023.
Additional Details
- Data Delay: The provided data is delayed at least 60 minutes, as of November 17, 2023, 13:30 GMT.
Zenith Bank Share Price Across Platforms
1. Investing.com
Investing.com offers a detailed overview of Zenith Bank’s historical prices. The platform provides a user-friendly interface to navigate through the stock’s performance over time. Investors can access valuable insights, helping them make informed decisions.
2. Wall Street Journal
The Wall Street Journal is a trusted source for financial news and market data. For Zenith Bank PLC, it provides historical stock charts, analyst ratings, financials, and the real-time stock price. This platform caters to both seasoned investors and those new to the stock market.
3. Financial Times
Financial Times offers a comprehensive summary of Zenith Bank PLC, including interactive charts, historical prices, comparative analysis, forecasts, and business profiles. It serves as a one-stop destination for investors seeking a holistic view of Zenith Bank’s performance.
4. Kwayisi
Kwayisi provides a detailed stock quote for Zenith Bank PLC on the Nigerian Stock Exchange. Investors can access historical share prices, earnings, and dividend payments. The platform’s data empowers users to analyze trends and make informed investment decisions.
5. Trading Economics
Trading Economics offers live market quotes, shares value, historical data, intraday charts, earnings per share, and news related to Zenith Bank stock. This platform is ideal for investors who require real-time information to seize market opportunities.
6. Bloomberg
Bloomberg, a global financial powerhouse, provides a comprehensive stock analysis for Zenith Bank PLC. Investors can access stock charts, company news, key statistics, and fundamentals. Bloomberg’s in-depth coverage assists investors in making strategic decisions.
Frequently Asked Questions (FAQ) about Zenith Bank Share Price
What is Zenith Bank PLC?
Zenith Bank PLC is a Nigerian commercial bank providing services to corporate, commercial, and individual customers. The bank’s core businesses include corporate and investment banking, commercial and consumer banking, trade services and foreign exchange, treasury and cash management services, and other non-bank financial services through its subsidiaries.
When was Zenith Bank listed on the Nigerian Stock Exchange?
Zenith Bank became a public limited company in June 2004 and was listed on the Nigerian Stock Exchange in October of the same year following a highly successful Initial Public Offering (IPO).
How can I track Zenith Bank share prices?
You can track Zenith Bank share prices on various financial platforms such as Investing.com, Wall Street Journal, Financial Times, Kwayisi, Trading Economics, and Bloomberg. These platforms provide real-time and historical data, allowing investors to stay informed about Zenith Bank’s performance in the stock market.
What is the current share price of Zenith Bank?
As of the last trading day (November 17, 2023), the closing price of Zenith Bank shares was 33.30 NGN per share on the Nigerian Stock Exchange.
How has Zenith Bank stock performed in the past year?
Zenith Bank stock has shown positive performance in the past year, with a 67.4% increase over the one-year period as of November 17, 2023.
What is the 52-week range of Zenith Bank stock?
The 52-week range of Zenith Bank stock, as of November 17, 2023, is between 21.00 NGN (lowest) and 37.80 NGN (highest).
How often does Zenith Bank pay dividends?
Zenith Bank pays annual dividends. The annual dividend per share is 3.40 NGN, and the dividend yield is 10.15%. The dividend ex-date is September 25, 2023, and the dividend pay-date is September 29, 2023.
Can I invest in Zenith Bank if I am not in Nigeria?
Yes, Zenith Bank has expanded its presence globally. It is listed on the London Stock Exchange, and it has subsidiaries in the United Kingdom and other countries. International investors can access Zenith Bank Share Price through various stock exchanges.
How can I stay updated on Zenith Bank’s stock performance?
To stay updated on Zenith Bank’s stock performance, you can regularly check financial news websites, subscribe to stock market newsletters, and use dedicated financial platforms that provide real-time updates and historical data on the Zenith Bank Share Price.
What is the strategic vision of Zenith Bank?
Zenith Bank aims to make the Zenith brand a reputable international financial services network recognized for innovation and superior customer services while creating premium value for all its stakeholders. The bank focuses on professionalism and service excellence as part of its corporate culture.
Conclusion: Navigating Zenith Bank Share Price
In conclusion, understanding Zenith Bank share prices involves a deep dive into its historical performance, current market standing, and strategic vision. The bank’s commitment to expansion and innovation positions it as a key player in the Nigerian and global financial landscape. Whether you are a potential investor or a financial enthusiast, staying informed about Zenith Bank’s performance is crucial in making well-informed investment decisions.
Feel free to explore the various platforms mentioned earlier to keep track of real-time and historical data, empowering yourself in the dynamic world of stock trading. Best of luck on your journey with Zenith Bank shares!
