Market Insight: Valley National Bancorp (VLY)’s Notable Drop, Closing at 6.66

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In the latest session, Valley National Bancorp (NASDAQ: VLY) closed at $6.66 down -1.04% from its previous closing price of $6.73. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 2.95 million shares were traded. VLY stock price reached its highest trading level at $6.8 during the session, while it also had its lowest trading level at $6.61.

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 0.56 whereas as Long-Term Debt/Eq ratio is at 0.54.

On March 08, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $8.

On December 01, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $9.50.Citigroup initiated its Neutral rating on December 01, 2023, with a $9.50 target price.

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 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 3426803200 and an Enterprise Value of 6471831552. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.86, and their Forward P/E ratio for the next fiscal year is 6.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 3.686.

Stock Price History:

The Beta on a monthly basis for VLY is 1.09, which has changed by -0.113182425 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -9.38%, while the 200-Day Moving Average is calculated to be -21.60%.

Shares Statistics:

For the past three months, VLY has traded an average of 5.13M shares per day and 5661600 over the past ten days. A total of 507.71M shares are outstanding, with a floating share count of 500.63M. Insiders hold about 1.68% of the company’s shares, while institutions hold 64.70% stake in the company. Shares short for VLY as of 1715731200 were 35421201 with a Short Ratio of 7.25, compared to 1713139200 on 39319921. Therefore, it implies a Short% of Shares Outstanding of 35421201 and a Short% of Float of 9.71.

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 0.0653789The stock’s 5-year Average Dividend Yield is 4.36. The current Payout Ratio is 46.45% for VLY, which recently paid a dividend on 2024-06-13 with an ex-dividend date of 1718236800. Stock splits for the company last occurred on 2012-05-09 when the company split stock in a 105:100 ratio.

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