Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Valley National Bancorp (NASDAQ: VLY) closed at $8.98 in the last session, down -0.55% from day before closing price of $9.03. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 5.36 million shares were traded. VLY stock price reached its highest trading level at $9.105 during the session, while it also had its lowest trading level at $8.91.
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 0.50 whereas as Long-Term Debt/Eq ratio is at 0.44.
On November 11, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $10.50 to $11.
Barclays Upgraded its Underweight to Equal Weight on October 31, 2024, whereas the target price for the stock was revised from $9 to $10.
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 Nov 08 ’24 when BANK LEUMI LE ISRAEL BM bought 1,000,000 shares for $9.35 per share. The transaction valued at 9,350,000 led to the insider holds 72,861,862 shares of the business.
MENDELSON AVNER bought 402,000 shares of VLY for $4,184,389 on Feb 06 ’25. On Jan 30 ’25, another insider, CHILLURA JOSEPH, who serves as the SEVP, CML Banking President of the company, sold 50,000 shares for $10.40 each. As a result, the insider received 520,000 and left with 445,249 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 5059287040 and an Enterprise Value of 7198064640. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.99, and their Forward P/E ratio for the next fiscal year is 7.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 4.741.
Stock Price History:
The Beta on a monthly basis for VLY is 1.08, which has changed by 0.13959396 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, VLY has reached a high of $11.10, while it has fallen to a 52-week low of $6.47. The 50-Day Moving Average of the stock is -6.14%, while the 200-Day Moving Average is calculated to be 0.66%.
Shares Statistics:
According to the various share statistics, VLY traded on average about 8.41M shares per day over the past 3-months and 7467040 shares per day over the past 10 days. A total of 558.79M shares are outstanding, with a floating share count of 478.17M. Insiders hold about 14.65% of the company’s shares, while institutions hold 69.28% stake in the company. Shares short for VLY as of 1741910400 were 27779091 with a Short Ratio of 3.30, compared to 1739491200 on 26110348. Therefore, it implies a Short% of Shares Outstanding of 27779091 and a Short% of Float of 6.68.
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 0.04872647The stock’s 5-year Average Dividend Yield is 4.49. The current Payout Ratio is 63.50% for VLY, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1741910400. Stock splits for the company last occurred on 2012-05-09 when the company split stock in a 105:100 ratio.
