Can Valley National Bancorp (NASDAQ:VLY) Offer Investors Safety?

Valley National Bancorp (NASDAQ:VLY) Relative Strength Index (RSI) is 69.31, with weekly volatility at 3.99% and ATR at 0.41. The VLY stock’s 52-week price range has touched low of $6.00 and a $13.53 high. Intraday shares traded counted 2.73 million, which was -25.69% lower than its 30-day average trading volume of 2.17M. Its shares traded lower over the last trading session, losing -1.27% on 3/9/2021. The at $13.26. VLY’s previous close was $13.43 while the outstanding shares total 403.87M. The firm has a beta of 1.30, a 12-month trailing P/E ratio of 14.21, and a growth ratio of 2.84.

Investors have identified the Banks – Regional company Valley National Bancorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.26 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 1.17 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VLY sounds very interesting.

Is the stock of VLY attractive?

In related news, Director, Lynch Kevin J sold 300,000 shares of the company’s stock in a transaction that recorded on Jan 15. The sale was performed at an average price of 10.66, for a total value of 3,198,000. As the sale deal closes, the Director, Lynch Kevin J now sold 300,000 shares of the company’s stock, valued at 3,282,000. Also, Director, JONES GRAHAM O sold 5,775 shares of the company’s stock in a deal that was recorded on Dec 08. The shares were price at an average price of 9.67 per share, with a total market value of 55,870. Following this completion of acquisition, the Director, WILLIAMS SIDNEY S now holds 135 shares of the company’s stock, valued at 1,025. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.

6 out of 10 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Valley National Bancorp. 1 analysts has assigned a Sell rating on the VLY stock. The 12-month mean consensus price target for the company’s shares has been set at $12.06.

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