Valley National Bancorp (VLY): $403.52M Shares outstanding recorded on Wednesday, August 05

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Valley National Bancorp (NASDAQ:VLY) changes shares on Wednesday trading session, with a change of 1.97% or $0.14 shares. The trading starts at $7.41 and closed at $7.35 throughout the day. The trading session low price was $7.37 and day high was $7.52 on Wednesday, August 05. After the session, the Financial sector daily volume shifted to 1.2 million while its average volume is 2.36M. In other hand, the VLY market cap reached to $3.05B. While, its current target price is $9.60.

On May 1, 2020, U.S. RESEARCH ROUNDUP- Comcast, Mirati Therapeutics, Oceanfirst Financial. According to the news reported on Reuters, Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Comcast, Mirati Therapeutics and Oceanfirst Financial, on Friday. HIGHLIGHTS * Comcast Corp : Keybanc cuts to sector weight from overweight * Mirati Therapeutics…

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.79% and up 5.71% for month. Its quarterly performance was 2.11% above, while its half year performance is down -32.72%. VLY yearly performance stood at negative -28.75% and fall -34.54% for year-to-date. Current recommendation for Valley National Bancorp is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. VLY EPS (TTM) for 12-month is 0.77. EPS for this year is 17.90%, while for the next year its value is 0.90. Sales growth for the current quarter is 1.95 while its EPS Q/Q reached -37.30%. It has an EPS of 9.10% up for past five years and for the next five years will be up 5.00%.

Let’s take a look on the analyst recommendations on VLY for the current month and previous month. For the current month, 6 of 10 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $7.00 – $11.00. Average target price for VLY was reached at $9.43.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Valley National Bancorp (VLY) stock. On Mar 30, 2020, Blackrock Inc. has 52.67 million shares which valued 385.03 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 38.4 million shares which valued at 280.71 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 22.29 million shares which valued at 162.97 million. In the end, Dimensional Fund Advisors LP have 6.72% shares outstanding of Valley National Bancorp (VLY) on Mar 30, 2020. The insider ownership moved to 1.40% and institutional holding shifted to 60.20%.

The company posted an EPS (TTM) of 0.77. According to the most recent quarter report on (Sep 2020), 9 analysts estimated an average EPS of 0.24, while 0.24 EPS posted a year ago period. Analyst Estimated EPS for VLY published in the report was $0.22 – $0.28 during the same period. Comparing with last year, the average estimated EPS was 0.24 which is higher than 0.23 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for VLY fall -19.47% for period of 200 days. SMA for 50 days was -3.57% which is showing red signal, while SMA-20 was 1.62%. The moving average value for Valley National Bancorp (VLY) is 11.59M and 2.46% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in VLY stock. On Jun 09, Lynch Kevin J, Director, bought 6,350 trading shares at the cost of $9.47, which valued at 60131.0. On Jun 05, CHILLURA JOSEPH, SEVP, Chief Ret & Busn Bnkg Of, sold 45,972 shares at the cost of $9.34, with total shares of 649,835. On Jun 04, CHILLURA JOSEPH, SEVP, Chief Ret & Busn Bnkg Of, sold 53,875 shares at the cost of 8.68. After this transaction, CHILLURA JOSEPH total shares reached to 695,807 which valued at 0.47 million.