Stocks of Valley National Bancorp (NASDAQ:VLY) traded higher last session on Wall Street, down -0.68% to $8.78.
VLY stock price is now 1.11% away from the 50-day moving average and -4.63% away from the 200-day moving average. The market capitalization of the company currently stands at $4.92B.
With the price target of $10, Jefferies recently initiated with Hold rating for Valley National Bancorp (NASDAQ: VLY). On May 13, 2025, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $10, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, PETER BAUM, Former Director bought 40,844 shares of the company’s stock on May 20 ’25. The stock was bought for $355,343 at an average price of $8.70. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’25, Director EFRAT EYAL bought 196 shares of the business’s stock. A total of $1,795 was incurred on buying the stock at an average price of $9.16. This leaves the insider owning 1,848 shares of the company worth $16225.44. A total of 14.62% 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. For the current quarter, analysts expect VLY to generate $495.79M in revenue.
