In the last trading session, 9.94 million shares of the Valley National Bancorp (NASDAQ:VLY) were traded, and its beta was 1.11. Most recently the company’s share price was $9.64, and it changed around $0.11 or 1.15% from the last close, which brings the market valuation of the company to $5.40B. VLY currently trades at a discount to its 52-week high of $11.10, offering almost -15.15% off that amount. The share price’s 52-week low was $6.57, which indicates that the current value has risen by an impressive 31.85% since then. We note from Valley National Bancorp’s average daily trading volume that its 10-day average is 11.92 million shares, with the 3-month average coming to 9.98 million.
Valley National Bancorp stock received a consensus recommendation rating of Hold, based on a mean score of 2.09. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 7 recommended VLY as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Valley National Bancorp (NASDAQ:VLY) trade information
Instantly VLY has showed a green trend with a performance of 1.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.74 on recent trading dayincreased the stock’s daily price by 1.03%. The company’s shares are currently up 43.88% year-to-date, but still up 7.95% over the last five days. On the other hand, Valley National Bancorp (NASDAQ:VLY) is 11.45% up in the 30-day period. We can see from the shorts that 25.53 million shares have been sold at a short interest cover period of 2.77 day(s).
The consensus price target as assigned by Wall Street analysts is $11.5, which translates to bulls needing to increase their stock price by 16.17% from its current value. Analyst projections state that VLY is forecast to be at a low of $9 and a high of $14.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.53%. Valley National Bancorp earnings are expected to increase by 48.08% in 2025, but the outlook is positive 26.17% per year for the next five years.
VLY Dividends
Valley National Bancorp’s next quarterly earnings report is expected to be released on 2025-Apr-24. The annual dividend yield of the stock is 4.56 percent and its annual dividend per share was 0.44. It is important to note, however, that the 4.56% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.44 per year.
Valley National Bancorp (NASDAQ:VLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.39% of Valley National Bancorp shares, and 85.81% of them are in the hands of institutional investors. The stock currently has a share float of 87.02%. Valley National Bancorp stock is held by 493.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 13.9723% of the shares, which is about 71.14 million shares worth $496.55 million.
VANGUARD GROUP INC, with 8.9463% or 45.55 million shares worth $317.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
