Valley National Bancorp (VLY) concluded trading on Wednesday at a closing price of $10.52, with 16.1 million shares of worth about $169.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.60% during that period and on November 06, 2024 the price saw a gain of about 10.50%. Currently the company’s common shares owned by public are about 507.71M shares, out of which, 500.64M shares are available for trading.
Stock saw a price change of 8.57% in past 5 days and over the past one month there was a price change of 20.23%. Year-to-date (YTD), VLY shares are showing a performance of -3.13% which increased to 25.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.47 but also hit the highest price of $11.22 during that period. The average intraday trading volume for Valley National Bancorp shares is 5.27 million. The stock is currently trading 11.97% above its 20-day simple moving average (SMA20), while that difference is up 17.43% for SMA50 and it goes to 30.14% higher than SMA200.
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Valley National Bancorp (NASDAQ: VLY) currently have 507.71M outstanding shares and institutions hold larger chunk of about 67.79% of that.
The stock has a current market capitalization of $5.36B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 16.91, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 3.38 while making debt-to-equity ratio of 0.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VLY, volatility over the week remained 2.70% while standing at 3.36% over the month.
Stock’s fiscal year EPS is expected to drop by -38.42% while it is estimated to increase by 46.14% in next year. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of 4.85% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on October 31, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $9 and $10 to it. Coverage by Morgan Stanley stated Valley National Bancorp (VLY) stock as an Equal-weight in their note to investors on August 05, 2024, suggesting a price target of $9.50 for the stock. On May 31, 2024, Keefe Bruyette Downgrade their recommendations, while on March 08, 2024, Barclays Initiated their ratings for the stock with a price target of $8. Stock get a Neutral rating from Citigroup on December 01, 2023.
