Valley National Bancorp (VLY) concluded trading on Tuesday at a closing price of $9.23, with 3.85 million shares of worth about $35.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.64% during that period and on December 24, 2024 the price saw a gain of about 1.32%. Currently the company’s common shares owned by public are about 558.57M shares, out of which, 549.93M shares are available for trading.
Stock saw a price change of -6.96% in past 5 days and over the past one month there was a price change of -12.59%. Year-to-date (YTD), VLY shares are showing a performance of -15.01% which decreased to -15.40% 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 $11.18 during that period. The average intraday trading volume for Valley National Bancorp shares is 6.63 million. The stock is currently trading -8.48% below its 20-day simple moving average (SMA20), while that difference is down -6.83% for SMA50 and it goes to 10.87% higher than SMA200.
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Valley National Bancorp (NASDAQ: VLY) currently have 558.57M outstanding shares and institutions hold larger chunk of about 59.50% of that.
The stock has a current market capitalization of $5.22B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 14.83, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 2.97 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 4.94% while standing at 3.09% over the month.
Analysts are in expectations that Valley National Bancorp (VLY) stock would likely to be making an EPS of 0.15 in the current quarter, while forecast for next quarter EPS is 0.2 and it is 0.91 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.12 which is 0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -39.63% while it is estimated to increase by 42.50% 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 JP Morgan on November 11, 2024 offering an Overweight rating for the stock and assigned a target price range of between $10.50 and $11 to it. Coverage by Barclays stated Valley National Bancorp (VLY) stock as an Equal weight in their note to investors on October 31, 2024, suggesting a price target of $10 for the stock. On August 05, 2024, Morgan Stanley Upgrade their recommendations, while on May 31, 2024, Keefe Bruyette Downgrade their ratings for the stock with a price target of $8. Stock get an Underweight rating from Barclays on March 08, 2024.
