Valley National Bancorp (NASDAQ:VLY) shares, rose in value on Friday, April 26, with the stock price down by -4.37% to the previous day’s close as strong demand from buyers drove the stock to $7.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.77. The PE ratio was 8.77 over 12-month period. Referring to stock’s 52-week performance, its high was $11.22, and the low was $6.39. On the whole, VLY has fluctuated by -5.94% over the past month.
The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 5.92%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.92B, with a low estimate of 453.45M and a high estimate of 495.63M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 469.3M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.75, with the price of VLY currently trading nearly -2.32% and -5.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.06, while the 7-day volatility ratio is showing 5.44% which for the 30-day chart, stands at 4.15%. Furthermore, Valley National Bancorp (VLY)’s beta value is 1.09, and its average true range (ATR) is 0.35.
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 -4.37% in today’s session so far, and over the past year, it shrunk by -13.40%%.
Data on historical trading for Valley National Bancorp (NASDAQ:VLY) indicates that the trading volumes over the past 3 months, they’ve averaged 7.09 million. According to company’s latest data on outstanding shares, there are 507.71 million shares outstanding.
Nearly 15.83% of Valley National Bancorp’s shares belong to company insiders and institutional investors own 61.36% of the company’s shares. The stock has fallen by -31.58% 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.
