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The price of Valley National Bancorp (NASDAQ: VLY) closed at $9.41 in the last session, up 1.62% from day before closing price of $9.26. In other words, the price has increased by $1.62 from its previous closing price. On the day, 3.88 million shares were traded. VLY stock price reached its highest trading level at $9.505 during the session, while it also had its lowest trading level at $9.33.
Ratios:
We take a closer look at VLY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on August 05, 2024, Upgraded its rating to Equal-Weight and sets its target price to $9.50 from $8 previously.
On May 31, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform but kept the price unchanged to $8.
On March 08, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $8.Barclays initiated its Underweight rating on March 08, 2024, with a $8 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 14 ’24 when CHILLURA JOSEPH sold 10,000 shares for $6.57 per share. The transaction valued at 65,700 led to the insider holds 0 shares of the business.
WILLIAMS SIDNEY S bought 742 shares of VLY for $5,001 on Jun 10 ’24. The Director now owns 33,329 shares after completing the transaction at $6.74 per share. On May 23 ’24, another insider, CHILLURA JOSEPH, who serves as the SEVP, CML Banking President of the company, sold 25,000 shares for $7.43 each. As a result, the insider received 185,750 and left with 10,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VLY now has a Market Capitalization of 4791779328 and an Enterprise Value of 7789264896. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.21, and their Forward P/E ratio for the next fiscal year is 9.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 4.708.
Stock Price History:
Over the past 52 weeks, VLY has reached a high of $11.22, while it has fallen to a 52-week low of $6.47. The 50-Day Moving Average of the stock is 9.61%, while the 200-Day Moving Average is calculated to be 15.38%.
Shares Statistics:
According to the various share statistics, VLY traded on average about 6.21M shares per day over the past 3-months and 4188810 shares per day over the past 10 days. A total of 507.71M shares are outstanding, with a floating share count of 500.64M. Insiders hold about 1.69% of the company’s shares, while institutions hold 66.64% stake in the company. Shares short for VLY as of 1727654400 were 37032223 with a Short Ratio of 5.96, compared to 1724976000 on 38134863. Therefore, it implies a Short% of Shares Outstanding of 37032223 and a Short% of Float of 10.15.
Dividends & Splits
The forward annual dividend rate for VLY is 0.44, which was 0.44 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.047516197The stock’s 5-year Average Dividend Yield is 4.45.
