Valley National Bancorp (NASDAQ: VLY) is -3.22% 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 $10.42 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $10.51, the stock is 1.37% and 8.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.86 million and changing 0.86% at the moment leaves the stock 27.81% off its SMA200. VLY registered 7.57% gain for a year compared to 6-month gain of 51.22%. The firm has a 50-day simple moving average (SMA 50) of $9.695 and a 200-day simple moving average (SMA200) of $8.223.
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The stock witnessed a -0.10% loss in the last 1 month and extending the period to 3 months gives it a 28.48%, and is -1.22% 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 2.30% over the week and 2.81% over the month.
Valley National Bancorp (VLY) has around 3749 employees, a market worth around $5.92B and $3.55B in sales. Current P/E ratio is 16.89 and Fwd P/E is 11.64. Profit margin for the company is 8.94%. Distance from 52-week low is 62.44% and -6.33% from its 52-week high. The company has generated returns on investments over the last 12 months (3.00%).
The EPS is expected to shrink by -39.11% this year.
Valley National Bancorp (VLY) Top Institutional Holders
452.0 institutions hold shares in Valley National Bancorp (VLY), with institutional investors hold 74.13% of the company’s shares. The shares outstanding are 558.57M, and float is at 549.09M with Short Float at 6.22%. Institutions hold 73.11% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 71.14 million shares valued at $496.55 million. The investor’s holdings represent 13.9943% of the VLY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 45.55 million shares valued at $317.93 million to account for 8.9604 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.54 million shares representing 5.2216% and valued at over $187.85 million, while DIMENSIONAL FUND ADVISORS LP holds 5.0602 of the shares totaling 25.72 million with a market value of $179.54 million.
Valley National Bancorp (VLY) Insider Activity
The most recent transaction is an insider sale by CHILLURA JOSEPH, the company’s SEVP, 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).
