As on Thursday, Valley National Bancorp (NASDAQ: VLY) started slowly as it slid -0.89% to $7.77, before settling in for the price of $7.84 at the close. Taking a more long-term approach, VLY posted a 52-week range of $6.39-$11.22.
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In the past 5-years timespan, the Financial sector firm’s annual sales growth was 22.98%. Meanwhile, its Annual Earning per share during the time was 4.85%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -14.29%. This publicly-traded company’s shares outstanding now amounts to $507.71 million, simultaneously with a float of $428.34 million. The organization now has a market capitalization sitting at $3.95 billion. At the time of writing, stock’s 50-day Moving Average stood at $7.85, while the 200-day Moving Average is $8.89.
Valley National Bancorp (VLY) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Regional industry. Valley National Bancorp’s current insider ownership accounts for 15.83%, in contrast to 61.36% institutional ownership. According to the most recent insider trade that took place on Mar 11 ’24, this organization’s SEVP, CML Banking President sold 49,715 shares at the rate of 8.18, making the entire transaction reach 406,669 in total value, affecting insider ownership by 545,249. Preceding that transaction, on Jan 29 ’24, Company’s Director bought 673 for 10.37, making the whole transaction’s value amount to 6,979. This particular insider is now the holder of 21,605 in total.
Valley National Bancorp (VLY) Earnings and Revenue Records
Valley National Bancorp’s EPS decrease for this current 12-month fiscal period is -14.29% and is forecasted to reach 1.12 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 5.00% through the next 5 years, which can be compared against the 4.85% growth it accomplished over the previous five years trading on the market.
Valley National Bancorp (NASDAQ: VLY) Trading Performance Indicators
Let’s observe the current performance indicators for Valley National Bancorp (VLY). The Stock has managed to achieve an average true range (ATR) of 0.35. Alongside those numbers, its PE Ratio stands at $8.20, and its Beta score is 1.09. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.18. Similarly, its price to free cash flow for trailing twelve months is now 13.55.
In the same vein, VLY’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.95, a figure that is expected to reach 0.21 in the next quarter, and analysts are predicting that it will be 1.12 at the market close of one year from today.
Technical Analysis of Valley National Bancorp (VLY)
Through scrutinizing the latest numbers posted by the [Valley National Bancorp, VLY], it can be observed that its last 5-days Average volume of 8.35 million was better the volume of 6.25 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 66.67% While, its Average True Range was 0.35.
Raw Stochastic average of Valley National Bancorp (VLY) in the period of the previous 100 days is set at 16.77%, which indicates a major fall in contrast to 60.19% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 50.93% that was higher than 48.27% volatility it exhibited in the past 100-days period.
