Currently, there are 552.15M common shares owned by the public and among those 542.84M shares have been available to trade.
The company’s stock has a 5-day price change of 0.49% and 23.82% over the past three months. VLY shares are trading -6.17% year to date (YTD), with the 12-month market performance up to 14.11% 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 6.62 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 3.76%, 9.84%, and 25.88% respectively.
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Institutional ownership of Valley National Bancorp (NASDAQ: VLY) shares accounts for 60.12% of the company’s 552.15M shares outstanding.
It has a market capitalization of $5.63B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 16.38, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 3.28 and the debt-to-equity ratio at 0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 3.35% over the month.
Analysts forecast that Valley National Bancorp (VLY) will achieve an EPS of 0.15 for the current quarter, 0.2 for the next quarter and 0.91 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -38.77%, and 40.38% 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. JP Morgan stated their Overweight rating for the stock in a research note on November 11, 2024, with the firm’s price target at $10.50-$11. Barclays coverage for the Valley National Bancorp (VLY) stock in a research note released on October 31, 2024 offered a Equal Weight rating with a price target of $10. Morgan Stanley was of a view on August 05, 2024 that the stock is Equal-Weight, while Keefe Bruyette gave the stock Mkt Perform rating on May 31, 2024, issuing a price target of $8. Barclays on their part issued Underweight rating on March 08, 2024.
