Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $7.63 in the prior trading day, Valley National Bancorp (NASDAQ: VLY) closed at $7.59, down -0.52%. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 4.53 million shares were traded. VLY stock price reached its highest trading level at $7.6 during the session, while it also had its lowest trading level at $7.415.
Ratios:
Our goal is to gain a better understanding of VLY by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 this company, Barclays on March 08, 2024, initiated with a Underweight rating and assigned the stock a target price of $8.
On December 01, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $9.50.
JP Morgan Downgraded its Overweight to Neutral on October 30, 2023, whereas the target price for the stock was revised from $11 to $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when CHILLURA JOSEPH sold 49,715 shares for $8.18 per share. The transaction valued at 406,669 led to the insider holds 545,249 shares of the business.
WILLIAMS SIDNEY S bought 673 shares of VLY for $6,979 on Jan 29 ’24. The Director now owns 21,605 shares after completing the transaction at $10.37 per share. On Dec 08 ’23, another insider, CHILLURA JOSEPH, who serves as the SEVP, Chief Customer Officer of the company, sold 50,000 shares for $9.95 each. As a result, the insider received 497,500 and left with 541,235 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 3862497792 and an Enterprise Value of 6939386880. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.96, and their Forward P/E ratio for the next fiscal year is 7.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 3.953.
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 $6.39. The 50-Day Moving Average of the stock is -1.29%, while the 200-Day Moving Average is calculated to be -14.04%.
Shares Statistics:
The stock has traded on average 6.41M shares per day over the past 3-months and 6416550 shares per day over the last 10 days, according to various share statistics. A total of 507.71M shares are outstanding, with a floating share count of 428.34M. Insiders hold about 15.83% of the company’s shares, while institutions hold 60.17% stake in the company. Shares short for VLY as of 1713139200 were 39319921 with a Short Ratio of 6.13, compared to 1710460800 on 39603294. Therefore, it implies a Short% of Shares Outstanding of 39319921 and a Short% of Float of 10.780000000000001.
Dividends & Splits
In the trailing 12 months, VLY’s forward annual dividend rate was 0.44, compared to 0.44 this year. Against a Trailing Annual Dividend Yield of 0.057667103The stock’s 5-year Average Dividend Yield is 4.34.
