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Is Valley National Bancorp (VLY) a good stock to buy now?

Valley National Bancorp (NASDAQ: VLY) is -27.44% lower on its value in year-to-date trading and has touched a low of $6.39 and a high of $11.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VLY stock was last observed hovering at around $7.96 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $7.88, the stock is 0.64% and -8.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.79 million and changing -1.01% at the moment leaves the stock -11.65% off its SMA200. VLY registered -18.34% loss for a year compared to 6-month loss of -6.86%.

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The stock witnessed a -3.79% gain in the last 1 month and extending the period to 3 months gives it a -28.69%, and is 1.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.46% over the week and 5.28% over the month.

Valley National Bancorp (VLY) has around 3749 employees, a market worth around $4.01B and $3.36B in sales. Current P/E ratio is 8.32 and Fwd P/E is 6.60. Profit margin for the company is 14.34%. Distance from 52-week low is 23.41% and -29.77% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).

Valley National Bancorp quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $458.44M over the same period.The EPS is expected to shrink by -7.50% this year, but quarterly earnings will post 2.90% year-over-year. Quarterly sales are estimated to shrink -11.90% in year-over-year returns.

Valley National Bancorp (VLY) Top Institutional Holders

436 institutions hold shares in Valley National Bancorp (VLY), with institutional investors hold 77.32% of the company’s shares. The shares outstanding are 507.71M, and float is at 428.13M with Short Float at 9.25%. Institutions hold 76.18% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 63.32 million shares valued at $490.72 million. The investor’s holdings represent 19.07% of the VLY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 45.07 million shares valued at $349.29 million to account for 13.58% of the shares outstanding. The other top investors are State Street Corporation which holds 24.12 million shares representing 7.26% and valued at over $186.9 million, while Dimensional Fund Advisors LP holds 6.56% of the shares totaling 21.77 million with a market value of $168.7 million.

Valley National Bancorp (VLY) Insider Activity

The most recent transaction is an insider sale by CHILLURA JOSEPH,the company’sSEVP, CML Banking President. SEC filings show that CHILLURA JOSEPH sold 49,715 shares of the company’s common stock on Mar 11 ’24 at a price of $8.18 per share for a total of $0.41 million. Following the sale, the insider now owns 0.55 million shares.

Valley National Bancorp disclosed in a document filed with the SEC on Jan 29 ’24 that WILLIAMS SIDNEY S (Director) bought a total of 673 shares of the company’s common stock. The trade occurred on Jan 29 ’24 and was made at $10.37 per share for $6979.0. Following the transaction, the insider now directly holds 21605.0 shares of the VLY stock.

Still, SEC filings show that on Dec 08 ’23, CHILLURA JOSEPH (SEVP, Chief Customer Officer) disposed off 50,000 shares at an average price of $9.95 for $0.5 million. The insider now directly holds 541,235 shares of Valley National Bancorp (VLY).

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