On Monday, Valley National Bancorp (NASDAQ: VLY) opened higher 3.02% from the last session, before settling in for the closing price of $9.27. Price fluctuations for VLY have ranged from $6.47 to $11.22 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 22.98% annually for the last half of the decade. Company’s average yearly earnings per share was noted -37.91% at the time writing. With a float of $500.64 million, this company’s outstanding shares have now reached $507.71 million.
In an organization with 3749 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 100.16%, operating margin of 16.09%, and the pretax margin is 12.32%.
Valley National Bancorp (VLY) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Valley National Bancorp is 1.69%, while institutional ownership is 66.62%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.22 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.25) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.91% 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
Check out the current performance indicators for Valley National Bancorp (VLY). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.37. Likewise, its price to free cash flow for the trailing twelve months is 13.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.62, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.95 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Let’s dig in a bit further. During the last 5-days, its volume was 6.07 million. That was better than the volume of 5.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 63.23%. Additionally, its Average True Range was 0.33.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 91.67%, which indicates a significant increase from 74.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.69% in the past 14 days, which was higher than the 39.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.79, while its 200-day Moving Average is $8.11. However, in the short run, Valley National Bancorp’s stock first resistance to watch stands at $9.67. Second resistance stands at $9.78. The third major resistance level sits at $9.96. If the price goes on to break the first support level at $9.38, it is likely to go to the next support level at $9.20. Assuming the price breaks the second support level, the third support level stands at $9.09.
Valley National Bancorp (NASDAQ: VLY) Key Stats
There are currently 509,183K shares outstanding in the company with a market cap of 4.86 billion. Presently, the company’s annual sales total 3,365 M according to its annual income of 498,510 K. Last quarter, the company’s sales amounted to 921,220 K and its income totaled 97,860 K.
