A Guide To The Risks Of Investing In Valley National Bancorp (VLY)

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Valley National Bancorp’s filing revealed that its Director WILLIAMS SIDNEY S acquired Company’s shares for reported $2521.0 on Sep 12. In the deal valued at $12.12 per share,208 shares were bought. As a result of this transaction, WILLIAMS SIDNEY S now holds 10,854 shares worth roughly $ 0.13 million.


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Janney initiated its Valley National Bancorp [VLY] rating to a Buy in a research note published on Monday. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late September from “a Sell” to “a Neutral”. Hovde Group also remained covering VLY and has increased its forecast on September 17, 2021 with a “an Outperform” recommendation from previously “Market perform” rating. Hovde Group revised its rating on April 07, 2021. It rated VLY as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of VLY

On Monday, Valley National Bancorp [NASDAQ:VLY] saw its stock jump 0.41% to $12.16. On the same session, the stock had its day’s lowest price of $11.99, but rose to a high of $12.27. Over the last five days, the stock has gained 2.44%. Valley National Bancorp shares have fallen nearly -11.56% since the year began. Nevertheless, the stocks have fallen -15.56% over the past one year. While a 52-week high of $15.10 was reached on 01/18/22, a 52-week low of $10.01 was recorded on 07/14/22. SMA at 50 days reached $11.55, while 200 days put it at $12.18. A total of 1.75 million shares were traded, compared to the trading of 3.69 million shares in the previous session.

Levels Of Support And Resistance For VLY Stock

The 24-hour chart illustrates a support level at 12.01, which if violated will result in even more drops to 11.86. On the upside, there is a resistance level at 12.29. A further resistance level may holdings at 12.42. The Relative Strength Index (RSI) on the 14-day chart is 59.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.64%. Stochastics %K at 83.86% indicates the stock is a selling.

How much short interest is there in Valley National Bancorp?

A steep rise in short interest was recorded in Valley National Bancorp stocks on Jul 14, 2022, growing by 1.8 million shares to a total of 12.74 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 10.94 million shares. There was a rise of 14.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.91.

Valley National Bancorp [VLY] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 54,855,526 shares, or roughly 10.83% of the outstanding VLY shares. In other words, the investor’s shares have risen by 1,951,176 from its previous 13-F filing of 52904350.0. Additionally, The Vanguard Group, Inc. increased 3.67% of its stake after which the total value it holdings stand at $458,522,359, while Dimensional Fund Advisors LP reduced -9.82% of its stake to hold $218.4 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -1,183,358 shares of Valley National Bancorp, while Macquarie Investment Management B sold 744,550 shares. At present, American Century Investment Manag is holding 9,881,070 shares valued at $106.72 million. Wellington Management Co. LLP owned 8,696,580 shares of the company at the time of its most recent 13F filing, worth $93.92 million.

According to FactSet, Valley National Bancorp’s share price will average $14.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.61 percent from its previous closing price of $12.11. Analysts expect Valley National Bancorp stock to reach the higher price of $16.00, while the lowest price estimate is $12.00. However, 10 analysts have rated VLY stock as an Overweight in their predictions for 2022.

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