In Friday’s Wall Street session, Valley National Bancorp (NASDAQ:VLY) shares traded at $8.59, down -1.60% from the previous session.
VLY stock price is now -3.43% away from the 50-day moving average and -5.47% away from the 200-day moving average. The market capitalization of the company currently stands at $4.81B.
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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, 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 $625.88 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. According to the stock market information, the enterprise value for the company is $7356758528, which is based on a 12.51 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for VLY is $8.8948 and a two-hundred day moving average price translates $9.0875 for the stock.
The latest earnings results from Valley National Bancorp (NASDAQ: VLY) was released for 2025-03-31. The net profit margin was 10.37% and return on equity was 5.48% 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.
