A new trading day began on Friday, with Valley National Bancorp (NASDAQ: VLY) stock price up 1.34% from the previous day of trading, before settling in for the closing price of $8.93. VLY’s price has ranged from $6.47 to $11.10 over the past 52 weeks.
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Annual sales at Financial sector company grew by 25.84% over the past five years. Meanwhile, its annual earnings per share averaged -40.07%. With a float of $549.93 million, this company’s outstanding shares have now reached $558.57 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider Updates
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 1.55%, while institutional ownership is 59.54%. 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
According to the Wall Street analysts, stocks earnings will be around -40.07% 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 1.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.62, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.90 in one year’s time.
Technical Analysis of Valley National Bancorp (VLY)
Valley National Bancorp (NASDAQ: VLY) saw its 5-day average volume 6.88 million, a negative change from its year-to-date volume of 7.34 million. As of the previous 9 days, the stock’s Stochastic %D was 25.55%. Additionally, its Average True Range was 0.31.
During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 37.75%, which indicates a significant increase from 20.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.12% in the past 14 days, which was lower than the 37.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.89, while its 200-day Moving Average is $8.37. Nevertheless, the first resistance level for the watch stands at $9.17 in the near term. At $9.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.51. If the price goes on to break the first support level at $8.84, it is likely to go to the next support level at $8.62. Assuming the price breaks the second support level, the third support level stands at $8.50.
Valley National Bancorp (NASDAQ: VLY) Key Stats
With a market capitalization of 5.12 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.
