Valley National Bancorp (NASDAQ: VLY) is -1.77% lower 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 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 $8.90 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $8.90, the stock is 5.90% and 1.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.89 million and changing 0.00% at the moment leaves the stock -2.44% off its SMA200. VLY registered 21.92% gain for a year compared to 6-month loss of -8.15%.
The stock witnessed a 9.88% gain in the last 1 month and extending the period to 3 months gives it a -11.44%, and is 3.13% 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 2.95% over the week and 4.88% over the month.
Valley National Bancorp (VLY) has around 3732 employees, a market worth around $4.98B and $3.53B in sales. Current P/E ratio is 12.96 and Fwd P/E is 7.73. Profit margin for the company is 10.37%. Distance from 52-week low is 37.56% and -19.78% from its 52-week high. The company has generated returns on investments over the last 12 months (3.37%).
The EPS is expected to grow by 50.30% this year.
Valley National Bancorp (VLY) Top Institutional Holders
The shares outstanding are 560.03M, and float is at 477.85M with Short Float at 5.85%.
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 13.9723% 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 8.9463 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.54 million shares representing 5.2134% 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
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Valley National Bancorp disclosed in a document filed with the SEC on Nov 08 ’24 that BANK LEUMI LE ISRAEL BM (10% Owner) bought a total of 1,000,000 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $9.35 per share for $9.35 million. Following the transaction, the insider now directly holds 72.86 million shares of the VLY stock.
Still, SEC filings show that on Feb 06 ’25, MENDELSON AVNER (Former Director) Proposed Sale 402,000 shares at an average price of $10.41 for $4.18 million. The insider now directly holds shares of Valley National Bancorp (VLY).
