Valley National Bancorp (NASDAQ:VLY) shares, rose in value on Wednesday, January 22, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $9.80.
Actively observing the price movement in the last trading, the stock closed the session at $9.84, falling within a range of $9.665 and $9.825. The value of beta (5-year monthly) was 1.086 whereas the PE ratio was 15.75 over 12-month period. Referring to stock’s 52-week performance, its high was $11.10, and the low was $6.47. On the whole, VLY has fluctuated by 6.06% over the past month.
With the market capitalization of Valley National Bancorp currently standing at about $5.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 4.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.85B, with a low estimate of 464M and a high estimate of 474.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 467.97M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VLY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of VLY currently trading nearly 6.72% and -0.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.29, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 3.14%. Furthermore, Valley National Bancorp (VLY)’s beta value is 1.14, and its average true range (ATR) is 0.31.
A comparison of Valley National Bancorp (VLY) with its peers suggests the former has fared considerably weaker in the market. VLY showed an intraday change of -0.41% in last session, and over the past year, it shrunk by -5.41%%.
Data on historical trading for Valley National Bancorp (NASDAQ:VLY) indicates that the trading volumes over the past 10 days have averaged 8.69 and over the past 3 months, they’ve averaged 7.59 million. According to company’s latest data on outstanding shares, there are 558.57 million shares outstanding.
Nearly 1.55% of Valley National Bancorp’s shares belong to company insiders and institutional investors own 59.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.49 million shares as on 2024-12-31, resulting in a short ratio of 5.12. According to the data, the short interest in Valley National Bancorp (VLY) stood at 736.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 31.01 million. The stock has risen by 8.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VLY stock heading into the next quarter.
