Valley National Bancorp (NASDAQ: VLY) kicked off on Monday, down -2.73% from the previous trading day, before settling in for the closing price of $7.32. Over the past 52 weeks, VLY has traded in a range of $6.39-$11.22.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 22.98%. While this was happening, its average annual earnings per share was recorded -15.35%. With a float of $428.34 million, this company’s outstanding shares have now reached $507.71 million.
The extent of productivity of a business whose workforce counts for 3749 workers is very important to gauge.
Valley National Bancorp (VLY) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Valley National Bancorp is 15.83%, while institutional ownership is 61.32%. The most recent insider transaction that took place on Mar 11 ’24, was worth 406,669. In this transaction SEVP, CML Banking President of this company sold 49,715 shares at a rate of $8.18, taking the stock ownership to the 545,249 shares. Before that another transaction happened on Jan 29 ’24, when Company’s Director bought 673 for $10.37, making the entire transaction worth $6,979. This insider now owns 21,605 shares in total.
Valley National Bancorp (VLY) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -15.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 4.85% growth over the previous five years of trading.
Valley National Bancorp (NASDAQ: VLY) Trading Performance Indicators
Take a look at Valley National Bancorp’s (VLY) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.04. Likewise, its price to free cash flow for the trailing twelve months is 12.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.85, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.10 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
The latest stats from [Valley National Bancorp, VLY] show that its last 5-days average volume of 8.42 million was superior to 6.26 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 26.78%. Additionally, its Average True Range was 0.36.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 1.09%, which indicates a significant decrease from 3.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.16% in the past 14 days, which was higher than the 48.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.80, while its 200-day Moving Average is $8.88. Now, the first resistance to watch is $7.33. This is followed by the second major resistance level at $7.55. The third major resistance level sits at $7.67. If the price goes on to break the first support level at $6.99, it is likely to go to the next support level at $6.87. Assuming the price breaks the second support level, the third support level stands at $6.65.
Valley National Bancorp (NASDAQ: VLY) Key Stats
The company with the Market Capitalisation of 3.62 billion has total of 508,893K Shares Outstanding. Its annual sales at the moment are 3,365 M in contrast with the sum of 498,510 K annual income. Company’s last quarter sales were recorded 870,880 K and last quarter income was 71,550 K.
