Currently, there are 507.71M common shares owned by the public and among those 500.64M shares have been available to trade.
The company’s stock has a 5-day price change of 6.34% and 37.69% over the past three months. VLY shares are trading -16.57% year to date (YTD), with the 12-month market performance up to 3.78% higher. It has a 12-month low price of $6.47 and touched a high of $11.22 over the same period. VLY has an average intraday trading volume of 6.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.21%, 10.43%, and 9.06% respectively.
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Institutional ownership of Valley National Bancorp (NASDAQ: VLY) shares accounts for 66.62% of the company’s 507.71M shares outstanding.
It has a market capitalization of $4.61B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 12.72, while the earnings-per-share (ttm) stands at $0.71. The company has a PEG of 2.54 and the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.25% over the week and 3.74% over the month.
Earnings per share for the fiscal year are expected to decrease by -34.24%, and 37.43% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to 4.85% over the past 5-year period.
Looking at the support for the VLY, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on August 05, 2024, with the firm’s price target at $8-$9.50. Keefe Bruyette coverage for the Valley National Bancorp (VLY) stock in a research note released on May 31, 2024 offered a Mkt Perform rating with a price target of $8. Barclays was of a view on March 08, 2024 that the stock is Underweight, while Citigroup gave the stock Neutral rating on December 01, 2023, issuing a price target of $9.50. JP Morgan on their part issued Neutral rating on October 30, 2023.
