Valley National Bancorp (NASDAQ: VLY) kicked off on Tuesday, down -2.04% from the previous trading day, before settling in for the closing price of $7.36. Over the past 52 weeks, VLY has traded in a range of $6.97-$11.22.
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During the last 5-year period, the sales growth of Financial Sector giant was 22.98%. While this was happening, its average annual earnings per share was recorded -17.20%. With a float of $428.46 million, this company’s outstanding shares have now reached $507.71 million.
Let’s determine the extent of company efficiency that accounts for 3749 employees.
Valley National Bancorp (VLY) Breakdown of a Key Holders of the stock
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 15.85%, while institutional ownership is 64.68%. The most recent insider transaction that took place on May 23 ’24, was worth 185,750. In this transaction SEVP, CML Banking President of this company sold 25,000 shares at a rate of $7.43, taking the stock ownership to the 10,000 shares. Before that another transaction happened on May 22 ’24, when Company’s Director sold 16,451 for $7.72, making the entire transaction worth $127,002. This insider now owns 224,679 shares in total.
Valley National Bancorp (VLY) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.28 earnings per share (EPS), lower than consensus estimate (set at 0.29) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.20% 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 1.06. Likewise, its price to free cash flow for the trailing twelve months is 5.40.
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 1.06 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Looking closely at Valley National Bancorp (NASDAQ: VLY), its last 5-days average volume was 2.75 million, which is a drop from its year-to-date volume of 5.79 million. As of the previous 9 days, the stock’s Stochastic %D was 7.28%. Additionally, its Average True Range was 0.27.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 6.15%, which indicates a significant increase from 3.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.99% in the past 14 days, which was lower than the 47.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.62, while its 200-day Moving Average is $8.67. However, in the short run, Valley National Bancorp’s stock first resistance to watch stands at $7.41. Second resistance stands at $7.61. The third major resistance level sits at $7.73. If the price goes on to break the first support level at $7.09, it is likely to go to the next support level at $6.97. Now, if the price goes above the second support level, the third support stands at $6.77.
Valley National Bancorp (NASDAQ: VLY) Key Stats
The company with the Market Capitalisation of 3.67 billion has total of 509,183K 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 890,070 K and last quarter income was 96,280 K.
