Valley National Bancorp (NASDAQ: VLY) on Monday, plunged -0.55% from the previous trading day, before settling in for the closing price of $9.16. Within the past 52 weeks, VLY’s price has moved between $6.47 and $11.18.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Financial Sector giant was 22.98%. The company achieved an average annual earnings per share of -39.63%. With a float of $549.93 million, this company’s outstanding shares have now reached $558.57 million.
Let’s determine the extent of company efficiency that accounts for 3749 employees. 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
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Valley National Bancorp is 1.55%, 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
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 -39.63% 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
Valley National Bancorp (VLY) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.43.
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)
Looking closely at Valley National Bancorp (NASDAQ: VLY), its last 5-days average volume was 9.55 million, which is a jump from its year-to-date volume of 6.16 million. As of the previous 9 days, the stock’s Stochastic %D was 11.46%. Additionally, its Average True Range was 0.34.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 49.30%, which indicates a significant increase from 11.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.03% in the past 14 days, which was lower than the 38.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.91, while its 200-day Moving Average is $8.32. However, in the short run, Valley National Bancorp’s stock first resistance to watch stands at $9.20. Second resistance stands at $9.28. The third major resistance level sits at $9.34. If the price goes on to break the first support level at $9.05, it is likely to go to the next support level at $8.99. Now, if the price goes above the second support level, the third support stands at $8.91.
Valley National Bancorp (NASDAQ: VLY) Key Stats
Market capitalization of the company is 5.09 billion based on 509,368K outstanding shares. Right now, sales total 3,365 M and income totals 498,510 K. The company made 921,220 K in profit during its latest quarter, and 97,860 K in sales during its previous quarter.
