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Why Valley National Bancorp (VLY) Stock Could See Much Higher Prices Ahead

Valley National Bancorp (NASDAQ: VLY) is -38.03% lower on its value in year-to-date trading and has touched a low of $6.47 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 $6.62 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $6.73, the stock is 0.10% and -5.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.13 million and changing 1.66% at the moment leaves the stock -19.43% off its SMA200. VLY registered -12.71% loss for a year compared to 6-month loss of -35.78%.

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The stock witnessed a -0.15% gain in the last 1 month and extending the period to 3 months gives it a -13.38%, and is -2.32% 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 2.32% over the week and 3.24% over the month.

Valley National Bancorp (VLY) has around 3749 employees, a market worth around $3.43B and $3.47B in sales. Current P/E ratio is 7.94 and Fwd P/E is 6.54. Profit margin for the company is 12.44%. Distance from 52-week low is 4.02% and -40.02% from its 52-week high. The company has generated returns on investments over the last 12 months (4.18%).

The EPS is expected to shrink by -20.77% this year.

Valley National Bancorp (VLY) Top Institutional Holders

The shares outstanding are 507.71M, and float is at 500.63M with Short Float at 8.07%.

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 10,000 shares of the company’s common stock on Jun 14 ’24 at a price of $6.57 per share for a total of $65700.0. Following the sale, the insider now owns 0.0 shares.

Valley National Bancorp disclosed in a document filed with the SEC on Jun 10 ’24 that WILLIAMS SIDNEY S (Director) bought a total of 742 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $6.74 per share for $5001.0. Following the transaction, the insider now directly holds 33329.0 shares of the VLY stock.

Still, SEC filings show that on May 23 ’24, CHILLURA JOSEPH (SEVP, CML Banking President) disposed off 25,000 shares at an average price of $7.43 for $0.19 million. The insider now directly holds 10,000 shares of Valley National Bancorp (VLY).

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