With 7.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.27 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $8.835 whereas the lowest price it dropped to was $8.58. The 52-week range on VLY shows that it touched its highest point at $11.22 and its lowest point at $6.47 during that stretch. It currently has a 1-year price target of $8.95. With its current market cap of 4.41 billion, VLY has annualized dividend of $0.44 while the current yield stands at 5.08%. Beta for the stock currently stands at 1.10.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VLY was down-trending over the past week, with a drop of -4.20%, but this was down by -0.92% over a month. Three-month performance surged to 31.01% while six-month performance rose 13.80%. The stock gained 1.05% in the past year, while it has lost -20.26% so far this year. A look at the trailing 12-month EPS for VLY yields 0.71 with Next year EPS estimates of 0.94. For the next quarter, that number is 0.18. This implies an EPS growth rate of -34.50% for this year and 35.61% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.85%.
Float and Shares Shorts:
At present, 507.71 million VLY shares are outstanding with a float of 500.64 million shares on hand for trading. On 2024-08-30, short shares totaled 38.13 million, which was 748.9999999999999 higher than short shares on 1722384000. In addition to Mr. Ira D. Robbins as the firm’s Chairman & CEO, Mr. Thomas A. Iadanza serves as its President & Chief Banking Officer.
Institutional Ownership:
Through their ownership of 0.81264 of VLY’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
