Valley National Bancorp (NASDAQ:VLY) traded at $8.12 at close of the session on Monday, July 22, made an upward move of 1.25% on its previous day’s price.
Looking at the stock we see that its previous close was $8.02 . The company has a trailing 12-month PE ratio of 9.58. In terms of its 52-week price range, VLY has a high of $11.22 and a low of $6.47. The company’s stock has gained about 21.92% over that past 30 days.
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Valley National Bancorp has a market cap of $4.13 billion. With its Forward Dividend at 0.44 and a yield of 5.42%, the company’s investors could be anxious for the VLY stock to gain ahead of the earnings release.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Valley National Bancorp (VLY) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the VLY stock currently stands at 1.92, and the current price level is 14.45% off its SMA20 and 13.27% from its 50-day simple moving average. The RSI (14) is pointing at 69.68 while the volatility over the past week is 4.64% and jumps to 3.36% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 0.29. The average price target for the stock over the next 12 months is $12.5, with the estimates having a low of $7 and a high of $14. These price ends are 13.79% and -72.41% off the current price level respectively, although investors could be excited at the prospect of a -53.94% if the VLY share price touches on the median price of $12.5.
Coming back to Valley National Bancorp (NASDAQ:VLY), we note that the average 3-month trading volume was 5.39 million, while that of the preceding 10-day period stands at 6.63 million. Current shares outstanding are 507.71 million.
The insiders hold 1.68% of the company’s shares while institutions hold 64.43%. The data shows that short shares as of 2024-06-28, stood at 41.21 million at a short ratio of 7.09. This represents a 11.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.300000511.3000005 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 37.19 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -25.23% down in year-to-date price movement.
