Valley National Bancorp (NASDAQ:VLY) shares, rose in value on Wednesday, May 07, with the stock price down by -1.14% to the previous day’s close as strong demand from buyers drove the stock to $8.68.
Actively observing the price movement in the last trading, the stock closed the session at $8.78. The PE ratio was 12.64 over 12-month period. Referring to stock’s 52-week performance, its high was $11.10, and the low was $6.47. On the whole, VLY has fluctuated by 7.03% over the past month.
With the market capitalization of Valley National Bancorp currently standing at about $4.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 5.07%.
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 50% 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 0.49, with the price of VLY currently trading nearly 2.43% and -0.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.35, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 4.20%. Furthermore, Valley National Bancorp (VLY)’s beta value is 1.10, and its average true range (ATR) is 0.32.
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 -1.14% in last session, and over the past year, it grew by 12.29%%.
Data on historical trading for Valley National Bancorp (NASDAQ:VLY) indicates that the trading volumes over the past 3 months, they’ve averaged 9.20 million. According to company’s latest data on outstanding shares, there are 560.03 million shares outstanding.
Nearly 14.67% of Valley National Bancorp’s shares belong to company insiders and institutional investors own 70.11% of the company’s shares. The stock has fallen by -4.19% 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.
