The price of Valley National Bancorp (NASDAQ:VLY) shares last traded on Wall Street rose 0.56% to $8.93.
VLY stock price is now -6.57% away from the 50-day moving average and 0.81% away from the 200-day moving average. The market capitalization of the company currently stands at $5.00B.
With the price target enhanced from $10.50 to $11, JP Morgan Upgraded its rating from Neutral to Overweight for Valley National Bancorp (NASDAQ: VLY). On October 31, 2024, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $9 to quote $10, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, BANK LEUMI LE ISRAEL BM, 10% Owner bought 1,000,000 shares of the company’s stock on Nov 08 ’24. The stock was bought for $9,350,000 at an average price of $9.35. Upon completion of the transaction, the 10% Owner now directly owns 72,861,862 shares in the company, valued at $650.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, Former Director MENDELSON AVNER bought 402,000 shares of the business’s stock. A total of $4,184,389 was incurred on buying the stock at an average price of $10.41. A total of 14.65% of the company’s stock is owned by insiders.
During the past 12 months, Valley National Bancorp has had a low of $6.47 and a high of $11.10. According to the stock market information, the enterprise value for the company is $7170050560, which is based on a 12.92 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for VLY is $9.5578 and a two-hundred day moving average price translates $8.8585 for the stock.
The latest earnings results from Valley National Bancorp (NASDAQ: VLY) was released for 2024-12-31. The net profit margin was 10.06% and return on equity was 5.38% for VLY. The company reported revenue of $834.83 million for the quarter, compared to $818.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.03 percent.
