With 3.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.87 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $10.355 whereas the lowest price it dropped to was $10.18. 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 $11.05. With its current market cap of 5.70 billion, VLY has annualized dividend of $0.44 while the current yield stands at 4.31%. Beta for the stock currently stands at 1.11.
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 -2.02%, but this was up by 0.69% over a month. Three-month performance surged to 19.84% while six-month performance rose 52.62%. The stock gained 4.08% in the past year, while it has lost -5.99% so far this year. A look at the trailing 12-month EPS for VLY yields 0.62 with Next year EPS estimates of 0.91. For the next quarter, that number is 0.15. This implies an EPS growth rate of -39.11% for this year and 40.33% 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, 558.57 million VLY shares are outstanding with a float of 549.93 million shares on hand for trading. On 2024-11-29, short shares totaled 31.01 million, which was 555.0 higher than short shares on 1730332800. 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 0.73209 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 12.5 and a low target of 10.0, the average target price over the next 12 months is 11.05. Based on these targets, VLY could surge 22.43% to reach the target high and fall by -2.06% to reach the target low. Reaching the average price target will result in a growth of 8.23% from current levels.
Analysts have provided yearly estimates in a range of $0.6653 being high and $0.62558 being low. For VLY, this leads to a yearly average estimate of $0.64544. 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 $0.19.
