Valley National Bancorp (VLY) concluded trading on Tuesday at a closing price of $9.06, with 9.89 million shares of worth about $89.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.11% during that period and on December 31, 2024 the price saw a loss of about -0.66%. 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 -0.55% in past 5 days and over the past one month there was a price change of -14.85%. Year-to-date (YTD), VLY shares are showing a performance of -16.57% which decreased to -16.57% 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 $11.10 during that period. The average intraday trading volume for Valley National Bancorp shares is 6.64 million. The stock is currently trading -7.40% below its 20-day simple moving average (SMA20), while that difference is down -8.36% for SMA50 and it goes to 8.46% higher than SMA200.
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 $5.03B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 14.56, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 2.91 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 2.60% while standing at 3.09% over the month.
Stock’s fiscal year EPS is expected to drop by -40.07% while it is estimated to increase by 42.26% 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.
