Valley National Bancorp (NASDAQ:VLY) has a beta value of 1.09 and has seen 3.61 million shares traded in the recent trading session. The company, currently valued at $5.35B, closed the recent trade at $10.51 per share which meant it gained $0.99 on the day or 10.35% during that session. The VLY stock price is -6.76% off its 52-week high price of $11.22 and 38.44% above the 52-week low of $6.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.41 million shares traded. The 3-month trading volume is 5.27 million shares.
The consensus among analysts is that Valley National Bancorp (VLY) is Hold stock at the moment, with a recommendation rating of 2.45. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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Valley National Bancorp (NASDAQ:VLY) trade information
Sporting 10.35% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VLY stock price touched $10.51 or saw a rise of 1.04%. Year-to-date, Valley National Bancorp shares have moved -3.27%, while the 5-day performance has seen it change 8.41%. Over the past 30 days, the shares of Valley National Bancorp (NASDAQ:VLY) have changed 20.06%. Short interest in the company has seen 35.4 million shares shorted with days to cover at 5.7.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 4.45% from the levels at last check today.. The projected low price target is $9.0 while the price target rests at a high of $14.0. In that case, then, we find that the latest price level in today’s session is -33.21% off the targeted high while a plunge would see the stock lose 14.37% from the levels at last check today..
Valley National Bancorp (VLY) estimates and forecasts
Figures show that Valley National Bancorp shares have underperformed across the wider relevant industry. The company’s shares have gained 38.41% over the past 6 months, with this year growth rate of -37.74%, compared to -5.10% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.85% over the past 5 years. Earnings growth for 2024 is a modest -38.42% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
VLY Dividends
Valley National Bancorp is expected to release its next earnings report on 2025-Jan-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.44 at a share yield of 4.19%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.47%.
Valley National Bancorp (NASDAQ:VLY)’s Major holders
Insiders own 1.49% of the company shares, while shares held by institutions stand at 82.20% with a share float percentage of 83.45%. Investors are also buoyed by the number of investors in a company, with Valley National Bancorp having a total of 449.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 71.14 million shares worth more than $496.55 million. As of 2024-06-30, BLACKROCK INC. held 13.9943% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 45.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $317.93 million and represent 8.9604% of shares outstanding.
