After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Valley National Bancorp (VLY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 1.06%, to $9.54. The Valley National Bancorp has recorded 149,790 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Valley Bank Names Sanjay Sidhwani Chief Data and Analytics Officer.
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Stocks Info
Valley National Bancorp is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $9.44 and fluctuated between $9.51 as its day high and $9.29 as its day low. The current market capitalization of Valley National Bancorp is $4.66B. A total of 2.43 million shares were traded on the day, compared to an average of 4.12M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VLY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 57 BUYs and 31 SELLs from insiders. Insiders purchased 928,307 shares during that period but sold 311,740.
In the most recent transaction, SANI SURESH L bought 4,416 shares of VLY for 15.70 per share on May 22. After the transaction, the Director now owns 4,416 company shares. In a previous transaction on May 12, MENDELSON AVNER bought 2,611 shares at 15.52 per share. VLY shares that Director owns now total 134,126.
Among the insiders who bought shares, Baum Peter J acquired of 2,500 shares on May 08 at a per-share price of $17.45. This resulted in the Director holding 2,500 shares of VLY after the transaction. In another insider transaction, LENNER MARC J bought 2,000 shares at $15.09 per share on May 08. Company shares held by the Director now total 8,260.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Valley National Bancorp pays an annual dividend of $0.44, resulting in a dividend yield of 4.66%, and it has a price to earnings (P/E) ratio of 7.67. VLY’s most recent ex-dividend date was 9/13/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/14/2023. The VLY stock dividend was $0.11 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VLY in the last 3 months, the mean price target is $11.00 with high estimates of $12.00 and low estimates of $8.00. In terms of 52-week highs and lows, VLY has a high of $13.07 and a low of $6.39.
As of this writing, VLY has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.24. The company reported an EPS of $0.3 in the last quarter, which was -9.10% lower than expectations of $0.33.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $12.54, while its Total Shareholder’s Equity was $5.08B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VLY is Buy with a score of 3.78.
