Valley National Bancorp (NASDAQ: VLY) Is Getting Increasingly Hard To Ignore

Currently, there are 507.71M common shares owned by the public and among those 427.66M shares have been available to trade.

Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 55 of these insider trades were purchases, accounting for 1,018,122 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 356,508 shares.

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The company’s stock has a 5-day price change of 0.23% and 13.38% over the past three months. VLY shares are trading -18.05% year to date (YTD), with the 12-month market performance down to -27.23% lower. It has a 12-month low price of $6.39 and touched a high of $12.42 over the same period. VLY has an average intraday trading volume of 1.55 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.21%, -12.09%, and 0.50% respectively.

Institutional ownership of Valley National Bancorp (NASDAQ: VLY) shares accounts for 62.49% of the company’s 507.71M shares outstanding.

It has a market capitalization of $4.52B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 9.42, while the earnings-per-share (ttm) stands at $0.94. The company has a PEG of 1.88 and the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.01% over the week and 5.65% over the month.

Analysts forecast that Valley National Bancorp (VLY) will achieve an EPS of $Annaly Capital Management Inc. for the current quarter, $19.08 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Valero Energy Corporation while analysts give the company a high EPS estimate of $Velo3D, Inc.. Comparatively, EPS for the current quarter was $Valley National Bancorp a year ago. Earnings per share for the fiscal year are expected to decrease by -5.19%, and 19.60% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to 4.91% over the past 5-year period.

Looking at the support for the VLY, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on December 01, 2023, with the firm’s price target at $9.50.

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