Valley National Bancorp (NASDAQ: VLY) is -32.04% 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 $7.38 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $7.38, the stock is -3.76% and -8.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.24 million and changing 0.00% at the moment leaves the stock -17.08% off its SMA200. VLY registered -13.07% loss for a year compared to 6-month loss of -11.83%.
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The stock witnessed a -6.11% gain in the last 1 month and extending the period to 3 months gives it a -28.90%, and is -1.73% down 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 4.47% over the week and 4.01% over the month.
Valley National Bancorp (VLY) has around 3749 employees, a market worth around $3.76B and $3.36B in sales. Current P/E ratio is 7.79 and Fwd P/E is 6.28. Profit margin for the company is 14.34%. Distance from 52-week low is 15.58% and -34.22% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
The EPS is expected to shrink by -10.62% this year.
Valley National Bancorp (VLY) Top Institutional Holders
The shares outstanding are 507.71M, and float is at 428.34M with Short Float at 9.27%.
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).
