Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Valley National Bancorp (NASDAQ: VLY) closed the day trading at $9.11 down -0.55% from the previous closing price of $9.16. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 4.99 million shares were traded. VLY stock price reached its highest trading level at $9.225 during the session, while it also had its lowest trading level at $9.08.
Ratios:
For a better understanding of VLY, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.52.
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, JP Morgan on November 11, 2024, Upgraded its rating to Overweight and sets its target price to $11 from $10.50 previously.
On October 31, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $9 to $10.
Morgan Stanley Upgraded its Underweight to Equal-Weight on August 05, 2024, whereas the target price for the stock was revised from $8 to $9.50.
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 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 5088536064 and an Enterprise Value of 7777283072. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.64, and their Forward P/E ratio for the next fiscal year is 9.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 4.932.
Stock Price History:
Over the past 52 weeks, VLY has reached a high of $11.18, while it has fallen to a 52-week low of $6.47. The 50-Day Moving Average of the stock is -8.04%, while the 200-Day Moving Average is calculated to be 9.50%.
Shares Statistics:
Over the past 3-months, VLY traded about 6.65M shares per day on average, while over the past 10 days, VLY traded about 7098710 shares per day. A total of 558.57M shares are outstanding, with a floating share count of 549.93M. Insiders hold about 1.55% of the company’s shares, while institutions hold 59.50% stake in the company. Shares short for VLY as of 1732838400 were 31006559 with a Short Ratio of 4.66, compared to 1730332800 on 34455963. Therefore, it implies a Short% of Shares Outstanding of 31006559 and a Short% of Float of 7.48.
Dividends & Splits
VLY’s forward annual dividend rate is 0.44, up from 0.44 a year ago. Against a Trailing Annual Dividend Yield of 0.048034936The stock’s 5-year Average Dividend Yield is 4.47.
