Valley National Bancorp (NASDAQ:VLY) shares traded 1.12% higher at $8.14 on Wall Street last session.
VLY stock price is now -11.04% away from the 50-day moving average and -9.85% away from the 200-day moving average. The market capitalization of the company currently stands at $4.56B.
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 $593.1 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 14.67% 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 $6727432704, which is based on a 11.78 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for VLY is $9.1506 and a two-hundred day moving average price translates $9.02985 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.
