A new trading day began on Friday, with Valley National Bancorp (NASDAQ: VLY) stock price up 0.86% from the previous day of trading, before settling in for the closing price of $10.42. VLY’s price has ranged from $6.47 to $11.22 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 22.98%. Meanwhile, its annual earnings per share averaged -39.11%. With a float of $549.09 million, this company’s outstanding shares have now reached $558.57 million.
Considering the fact that the conglomerate employs 3749 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 114.94%, operating margin of 18.46%, and the pretax margin is 14.14%.
Valley National Bancorp (VLY) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Valley National Bancorp is 1.70%, while institutional ownership is 59.50%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -39.11% 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
Here are Valley National Bancorp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67.
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 0.90 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Compared to the last year’s volume of 6.12 million, its volume of 4.04 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.65%. Additionally, its Average True Range was 0.30.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 85.06%, which indicates a significant increase from 47.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.96% in the past 14 days, which was lower than the 38.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.69, while its 200-day Moving Average is $8.22. Nevertheless, the first resistance level for the watch stands at $10.59 in the near term. At $10.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.79. If the price goes on to break the first support level at $10.38, it is likely to go to the next support level at $10.26. Now, if the price goes above the second support level, the third support stands at $10.18.
Valley National Bancorp (NASDAQ: VLY) Key Stats
With a market capitalization of 5.92 billion, the company has a total of 509,368K Shares Outstanding. Currently, annual sales are 3,365 M while annual income is 498,510 K. The company’s previous quarter sales were 921,220 K while its latest quarter income was 97,860 K.
