Let’s look at the key reasons that are pushing Valley National Bancorp (VLY) to new highs

On Friday, Valley National Bancorp (NASDAQ: VLY) was 0.45% up from the session before settling in for the closing price of $8.81. A 52-week range for VLY has been $6.47 – $11.10.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 21.96%. When this article was written, the company’s average yearly earnings per share was at 52.79%. With a float of $478.17 million, this company’s outstanding shares have now reached $558.79 million.

Considering the fact that the conglomerate employs 3732 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 117.13%, operating margin of 0.43%, and the pretax margin is 16.22%.

Valley National Bancorp (VLY) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Valley National Bancorp stocks. The insider ownership of Valley National Bancorp is 14.65%, while institutional ownership is 69.28%. The most recent insider transaction that took place on Nov 08 ’24, was worth 9,350,000. In this transaction 10% Owner of this company bought 1,000,000 shares at a rate of $9.35, taking the stock ownership to the 72,861,862 shares. Before that another transaction happened on Feb 06 ’25, when Company’s Former Director proposed sale 402,000 for $10.41, making the entire transaction worth $4,184,389.

Valley National Bancorp (VLY) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 52.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.09% during the next five years compared to -4.53% drop over the previous five years of trading.

Valley National Bancorp (NASDAQ: VLY) Trading Performance Indicators

You can see what Valley National Bancorp (VLY) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 9.55.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.69, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 1.16 in one year’s time.

Technical Analysis of Valley National Bancorp (VLY)

Compared to the last year’s volume of 8.56 million, its volume of 8.12 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.56%. Additionally, its Average True Range was 0.28.

During the past 100 days, Valley National Bancorp’s (VLY) raw stochastic average was set at 15.44%, which indicates a significant decrease from 37.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.60% in the past 14 days, which was lower than the 34.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.55, while its 200-day Moving Average is $8.88. Nevertheless, the first resistance level for the watch stands at $8.95 in the near term. At $9.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.18. If the price goes on to break the first support level at $8.72, it is likely to go to the next support level at $8.58. Now, if the price goes above the second support level, the third support stands at $8.49.

Valley National Bancorp (NASDAQ: VLY) Key Stats

There are 560,276K outstanding shares of the company, which has a market capitalization of 4.96 billion. As of now, sales total 3,582 M while income totals 380,270 K. Its latest quarter income was 886,030 K while its last quarter net income were 115,710 K.