During the recent session, Valley National Bancorp (NASDAQ:VLY)’s traded shares were 1.18 million, with the beta value of the company hitting 1.14. At the last check today, the stock’s price was $10.16, reflecting an intraday gain of 3.89% or $0.38. The 52-week high for the VLY share is $11.10, that puts it down -9.25 from that peak though still a striking 36.32% gain since the share price plummeted to a 52-week low of $6.47. The company’s market capitalization is $5.68B, and the average intraday trading volume over the past 10 days was 9.19 million shares, and the average trade volume was 7.78 million shares over the past three months.
Valley National Bancorp (VLY) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.27. VLY has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.19.
Valley National Bancorp (NASDAQ:VLY) trade information
Valley National Bancorp (VLY) registered a 3.89% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.89% in intraday trading to $10.16, hitting a weekly high. The stock’s 5-day price performance is 7.97%, and it has moved by 10.92% in 30 days. Based on these gigs, the overall price performance for the year is -4.33%. The short interest in Valley National Bancorp (NASDAQ:VLY) is 30.49 million shares and it means that shorts have 5.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies a decrease of -1.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $11 respectively. As a result, VLY is trading at a discount of -8.27% off the target high and 11.42% off the low.
Valley National Bancorp (VLY) estimates and forecasts
Statistics show that Valley National Bancorp has outperformed its competitors in share price, compared to the industry in which it operates. Valley National Bancorp (VLY) shares have gone up 29.76% during the last six months, with a year-to-date growth rate more than the industry average at 46.77% against 0.50. In the rating firms’ projections, revenue will increase 10.27% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 484M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 500.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 454.96M and 452.9M respectively. In this case, analysts expect current quarter sales to grow by 6.38% and then jump by 10.52% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.61%. While earnings are projected to return 52.39% in 2025.
VLY Dividends
Valley National Bancorp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Valley National Bancorp is 0.44, with the dividend yield indicating at 4.33 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.49%.
Valley National Bancorp (NASDAQ:VLY)’s Major holders
Valley National Bancorp insiders own 1.37% of total outstanding shares while institutional holders control 73.12%, with the float percentage being 74.14%. BLACKROCK INC. is the largest shareholder of the company, while 454.0 institutions own stock in it. As of 2024-06-30, the company held over 71.14 million shares (or 13.9943% of all shares), a total value of $496.55 million in shares.
The next largest institutional holding, with 45.55 million shares, is of VANGUARD GROUP INC’s that is approximately 8.9604% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $317.93 million.
Also, the Mutual Funds coming in first place with the largest holdings of Valley National Bancorp (VLY) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 30, 2024 indicates that iShares Core S&P Midcap ETF owns about 15.07 shares. This amounts to just over 4.54 percent of the company’s overall shares, with a $153.93 million market value. The same data shows that the other fund manager holds slightly less at 13.86, or about 4.18% of the stock, which is worth about $141.63 million.
