Valley National Bancorp (NASDAQ: VLY) is 12.58% higher on its value in year-to-date trading and has touched a low of $6.47 and a high of $11.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VLY stock was last observed hovering at around $10.32 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $10.20, the stock is 8.88% and 3.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.37 million and changing -1.16% at the moment leaves the stock 20.02% off its SMA200. VLY registered -1.16% loss for a year compared to 6-month gain of 23.94%. The firm has a 50-day simple moving average (SMA 50) of $9.8198 and a 200-day simple moving average (SMA200) of $8.4986.
The stock witnessed a 10.51% loss in the last 1 month and extending the period to 3 months gives it a 6.25%, and is 3.66% 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 3.72% over the week and 3.21% over the month.
Valley National Bancorp (VLY) has around 3749 employees, a market worth around $5.70B and $3.57B in sales. Current P/E ratio is 14.79 and Fwd P/E is 8.82. Profit margin for the company is 10.06%. Distance from 52-week low is 57.65% and -8.07% from its 52-week high. The company has generated returns on investments over the last 12 months (3.25%).
with sales reaching $485.53M over the same period.The EPS is expected to grow by 54.05% this year, but quarterly earnings will post 9.73% year-over-year. Quarterly sales are estimated to grow 6.72% in year-over-year returns.
Valley National Bancorp (VLY) Top Institutional Holders
454.0 institutions hold shares in Valley National Bancorp (VLY), with institutional investors hold 74.14% of the company’s shares. The shares outstanding are 558.60M, and float is at 549.93M with Short Float at 5.36%. Institutions hold 73.12% 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 purchase by SANDOR NITZAN, the company’s Director. SEC filings show that SANDOR NITZAN bought 110 shares of the company’s common stock on Jan 27 ’25 at a price of $10.24 per share for a total of $1126.0. Following the purchase, the insider now owns 110.0 shares.
Valley National Bancorp disclosed in a document filed with the SEC on Jun 14 ’24 that CHILLURA JOSEPH (SEVP, CML Banking President) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $6.57 per share for $65700.0. Following the transaction, the insider now directly holds 0.0 shares of the VLY stock.
Still, SEC filings show that on Jun 10 ’24, WILLIAMS SIDNEY S (Director) acquired 742 shares at an average price of $6.74 for $5001.0. The insider now directly holds 33,329 shares of Valley National Bancorp (VLY).
