Valley National Bancorp (NASDAQ:VLY) shares traded unchanged at $8.89 on Wall Street last session.
VLY stock price is now -6.70% away from the 50-day moving average and -0.70% away from the 200-day moving average. The market capitalization of the company currently stands at $4.98B.
With the price target maintained at $11, Piper Sandler recently Upgraded its rating from Neutral to Overweight for Valley National Bancorp (NASDAQ: VLY). On November 11, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $10.50 to quote $11, while ‘Barclays’ 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 $647.74 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 $7147639808, which is based on a 12.86 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for VLY is $9.5282 and a two-hundred day moving average price translates $8.95285 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.
