With 9.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.49 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $10.475 whereas the lowest price it dropped to was $10.15. 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 $10.60. With its current market cap of 5.18 billion, VLY has annualized dividend of $0.44 while the current yield stands at 4.32%. 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 -3.23%, but this was up by 9.94% over a month. Three-month performance surged to 25.06% while six-month performance rose 27.41%. The stock gained 30.01% in the past year, while it has lost -6.26% so far this year. A look at the trailing 12-month EPS for VLY yields 0.62 with Next year EPS estimates of 0.92. For the next quarter, that number is 0.15. This implies an EPS growth rate of -38.77% for this year and 41.22% 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 2024-10-31, short shares totaled 34.46 million, which was 677.0 higher than short shares on 1727654400. 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 0.82293 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 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VLY analysts setting a high price target of 12.0 and a low target of 10.0, the average target price over the next 12 months is 10.6. Based on these targets, VLY could surge 17.88% to reach the target high and fall by -1.77% to reach the target low. Reaching the average price target will result in a growth of 4.13% from current levels.
Analysts have provided yearly estimates in a range of $0.67858 being high and $0.62941 being low. For VLY, this leads to a yearly average estimate of $0.64908. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.2.
