For the readers interested in the stock health of Valley National Bancorp (VLY). It is currently valued at $14.07. When the transactions were called off in the previous session, Stock hit the highs of $14.29, after setting-off with the price of $14.27. Company’s stock value dipped to $14.105 during the trading on the day. When the trading was stopped its value was $14.13.
Recently in News on May 25, 2021, Valley National Bancorp Announces Pricing of Subordinated Notes. Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today that it priced $300 million of its 3.00% Fixed-to-Floating Rate Notes due 2031 (the “Notes”). Interest on the Notes will accrue at a rate equal to (i) 3.00% per annum from the original issue date to, but excluding, June 15, 2026, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 236 basis points from, and including, June 15, 2026, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. You can read further details here
Valley National Bancorp had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $14.74 on 05/10/21, with the lowest value was $9.53 for the same time period, recorded on 01/04/21.
Valley National Bancorp (VLY) full year performance was 51.45%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Valley National Bancorp shares are logging -4.51% during the 52-week period from high price, and 116.54% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.50 and $14.74.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 527813 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Valley National Bancorp (VLY) recorded performance in the market was 44.92%, having the revenues showcasing 2.61% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.76B, as it employees total of 3155 workers.
Valley National Bancorp (VLY) in the eye of market guru’s
During the last month, 0 analysts gave the Valley National Bancorp a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.19, with a change in the price was noted +3.39. In a similar fashion, Valley National Bancorp posted a movement of +31.80% for the period of last 100 days, recording 2,470,146 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for VLY is recording 0.52 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.52.
Valley National Bancorp (VLY): Stocks Technical analysis and Trends
Raw Stochastic average of Valley National Bancorp in the period of last 50 days is set at 59.41%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 26.19%. In the last 20 days, the company’s Stochastic %K was 42.86% and its Stochastic %D was recorded 50.90%.
If we look into the earlier routines of Valley National Bancorp, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 44.92%. Additionally, trading for the stock in the period of the last six months notably improved by 44.48%, alongside a boost of 51.45% for the period of the last 12 months. The shares increased approximately by -0.77% in the 7-day charts and went up by -1.67% in the period of the last 30 days. Common stock shares were driven by 2.61% during last recorded quarter.