Valley National Bancorp (NASDAQ: VLY) Metrics That Matter Right Now

Valley National Bancorp (NASDAQ:VLY) shares, rose in value, with the stock price up by 1.35% to the previous day’s close as strong demand from buyers drove the stock to $9.04.

Actively observing the price movement in the last trading, the stock closed the session at $8.92, falling within a range of $8.75 and $9.36. The value of beta (5-year monthly) was 1.096 whereas the PE ratio was 12.69 over 12-month period. Referring to stock’s 52-week performance, its high was $11.22, and the low was $6.47. On the whole, VLY has fluctuated by 7.36% over the past month.

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With the market capitalization of Valley National Bancorp currently standing at about $4.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in October. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 4.87%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.86B, with a low estimate of 467.8M and a high estimate of 471M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 469.52M.

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% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.54, with the price of VLY currently trading nearly 7.22% and 11.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.29, while the 7-day volatility ratio is showing 4.31% which for the 30-day chart, stands at 3.67%. Furthermore, Valley National Bancorp (VLY)’s beta value is 1.09, and its average true range (ATR) is 0.33.

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 1.35% in last session, and over the past year, it grew by 2.15%%.

Data on historical trading for Valley National Bancorp (NASDAQ:VLY) indicates that the trading volumes over the past 10 days have averaged 6.7 and over the past 3 months, they’ve averaged 5.93 million. According to company’s latest data on outstanding shares, there are 507.71 million shares outstanding.

Nearly 1.69% of Valley National Bancorp’s shares belong to company insiders and institutional investors own 66.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.13 million shares as on 2024-08-30, resulting in a short ratio of 6.91. According to the data, the short interest in Valley National Bancorp (VLY) stood at 1045.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 45.58 million. The stock has fallen by -16.76% 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.

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