In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Valley National Bancorp (NASDAQ: VLY) closed at $8.14 up 1.12% from its previous closing price of $8.05. In other words, the price has increased by $1.12 from its previous closing price. On the day, 8.89 million shares were traded. VLY stock price reached its highest trading level at $8.265 during the session, while it also had its lowest trading level at $8.05.
Ratios:
For a deeper understanding of Valley National Bancorp’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 4558628352 and an Enterprise Value of 6727432704. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.78, and their Forward P/E ratio for the next fiscal year is 7.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 4.431.
Stock Price History:
The Beta on a monthly basis for VLY is 1.09, which has changed by 0.13055551 over the last 52 weeks, in comparison to a change of 0.07455289 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 -11.04%, while the 200-Day Moving Average is calculated to be -9.85%.
Shares Statistics:
For the past three months, VLY has traded an average of 9.59M shares per day and 15383840 over the past ten days. A total of 558.79M shares are outstanding, with a floating share count of 477.85M. Insiders hold about 14.67% of the company’s shares, while institutions hold 69.97% stake in the company. Shares short for VLY as of 1743379200 were 33426944 with a Short Ratio of 3.48, compared to 1740700800 on 24378425. Therefore, it implies a Short% of Shares Outstanding of 33426944 and a Short% of Float of 8.06.
Dividends & Splits
According to the company, the forward annual dividend rate for VLY is 0.44, from 0.44 in the trailing year. Against a Trailing Annual Dividend Yield of 0.054658383The stock’s 5-year Average Dividend Yield is 4.47. 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.
