Valley National Bancorp (NASDAQ: VLY) kicked off on Monday, up 0.39% from the previous trading day, before settling in for the closing price of $10.19. Over the past 52 weeks, VLY has traded in a range of $6.47-$11.22.
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Annual sales at Financial sector company grew by 22.98% over the past five years. While this was happening, its average annual earnings per share was recorded -38.77%. With a float of $542.84 million, this company’s outstanding shares have now reached $552.15 million.
Let’s look at the performance matrix of the company that is accounted for 3749 employees. 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 and Institutional Ownership
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 1.69%, while institutional ownership is 60.12%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -38.77% 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 1.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.62, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.91 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Valley National Bancorp (NASDAQ: VLY) saw its 5-day average volume 8.63 million, a positive change from its year-to-date volume of 6.16 million. As of the previous 9 days, the stock’s Stochastic %D was 65.32%. Additionally, its Average True Range was 0.36.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 90.39%, which indicates a significant increase from 71.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.73% in the past 14 days, which was higher than the 41.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.24, while its 200-day Moving Average is $8.09. Nevertheless, the first resistance level for the watch stands at $10.29 in the near term. At $10.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.44. If the price goes on to break the first support level at $10.14, it is likely to go to the next support level at $10.05. The third support level lies at $9.99 if the price breaches the second support level.
Valley National Bancorp (NASDAQ: VLY) Key Stats
The company with the Market Capitalisation of 5.68 billion has total of 509,368K 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 921,220 K and last quarter income was 97,860 K.
