On Monday, Valley National Bancorp (NASDAQ: VLY) was -4.69% drop from the session before settling in for the closing price of $9.38. A 52-week range for VLY has been $6.47 – $11.22.
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Financial Sector giant saw their annual sales surged by 22.98% over the last five years. When this article was written, the company’s average yearly earnings per share was at -35.09%. With a float of $500.64 million, this company’s outstanding shares have now reached $507.71 million.
The firm has a total of 3749 workers. Let’s measure their productivity. In terms of profitability, gross margin is 100.19%, operating margin of 20.66%, and the pretax margin is 16.34%.
Valley National Bancorp (VLY) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Valley National Bancorp stocks. The insider ownership of Valley National Bancorp is 1.69%, while institutional ownership is 66.63%. The most recent insider transaction that took place on Jun 14 ’24, was worth 65,700. In this transaction SEVP, CML Banking President of this company sold 10,000 shares at a rate of $6.57, taking the stock ownership to the 0 shares. Before that another transaction happened on Jun 10 ’24, when Company’s Director bought 742 for $6.74, making the entire transaction worth $5,001. This insider now owns 33,329 shares in total.
Valley National Bancorp (VLY) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -35.09% 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
You can see what Valley National Bancorp (VLY) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 12.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.71, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.94 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Analysing the last 5-days average volume posted by the [Valley National Bancorp, VLY], we can find that recorded value of 4.75 million was lower than the volume posted last year of 5.84 million. As of the previous 9 days, the stock’s Stochastic %D was 62.32%. Additionally, its Average True Range was 0.30.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 78.66%, which indicates a significant increase from 35.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.80% in the past 14 days, which was lower than the 38.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.67, while its 200-day Moving Average is $8.14. Now, the first resistance to watch is $9.23. This is followed by the second major resistance level at $9.52. The third major resistance level sits at $9.69. If the price goes on to break the first support level at $8.78, it is likely to go to the next support level at $8.61. Should the price break the second support level, the third support level stands at $8.32.
Valley National Bancorp (NASDAQ: VLY) Key Stats
There are 509,183K outstanding shares of the company, which has a market capitalization of 4.55 billion. As of now, sales total 3,365 M while income totals 498,510 K. Its latest quarter income was 884,680 K while its last quarter net income were 70,420 K.
