The stock of Valley National Bancorp (NASDAQ:VLY) last traded at $9.20, unchanged from the previous session.
VLY stock price is now 6.06% away from the 50-day moving average and 0.55% away from the 200-day moving average. The market capitalization of the company currently stands at $5.16B.
With the price target of $10, Truist recently initiated with Hold rating for Valley National Bancorp (NASDAQ: VLY). On March 24, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $11, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, MENDELSON AVNER, Former Director bought 94,363 shares of the company’s stock on Apr 22 ’25. The stock was bought for $778,168 at an average price of $8.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, 10% Owner BANK LEUMI LE ISRAEL BM bought 1,000,000 shares of the business’s stock. A total of $9,350,000 was incurred on buying the stock at an average price of $9.35. This leaves the insider owning 72,861,862 shares of the company worth $670.33 million. 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.
The net profit margin was 10.38% and return on equity was 5.48% for VLY. The company reported revenue of $784.75 million for the quarter, compared to $828.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.3 percent.
