Valley National Bancorp (NASDAQ:VLY) traded at $7.01 at close of the session on Tuesday, April 30, made a downward move of -1.54% on its previous day’s price.
Looking at the stock we see that its previous close was $7.12 . The company has a trailing 12-month PE ratio of 8.27. In terms of its 52-week price range, VLY has a high of $11.22 and a low of $6.39. The company’s stock has lost about -11.04% over that past 30 days.
Valley National Bancorp has a market cap of $3.57 billion. With its Forward Dividend at 0.44 and a yield of 6.28%, the company’s investors could be anxious for the VLY stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the VLY stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the VLY stock currently stands at 1.65, and the current price level is -6.99% off its SMA20 and -10.09% from its 50-day simple moving average. The RSI (14) is pointing at 36.93 while the volatility over the past week is 5.10% and jumps to 4.26% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 0.34.
Coming back to Valley National Bancorp (NASDAQ:VLY), we note that the average 3-month trading volume was 7.22 million. Current shares outstanding are 507.71 million.
The insiders hold 15.83% of the company’s shares while institutions hold 61.31%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -35.45% down in year-to-date price movement.
