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Sunday, December 3, 2023

Make Sure You Stick With Valley National Bancorp (VLY). It’s Bull Time Again

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Valley National Bancorp (VLY) shows that investor sentiment remained same, with the stock’s consolidated last price to $8.19. The Valley National Bancorp has recorded 71,141 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Valley National Bank Strengthens Syndications Capabilities with the Hire of Robert Danziger as Head of Syndications.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $8.19 and fluctuated between $8.35 as its day high and $8.18 as its day low. The current market capitalization of Valley National Bancorp is $4.16B. A total of 2.77 million shares were traded on the day, compared to an average of 3.26M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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 55 BUYs and 31 SELLs from insiders. Insiders purchased 1,018,122 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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Valley National Bancorp pays an annual dividend of $0.44, resulting in a dividend yield of 5.37%, and it has a price to earnings (P/E) ratio of 7.08. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for VLY in the last 3 months, the mean price target is $9.95 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $12.64, while its Total Shareholder’s Equity was $5.08B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.60.

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