Investing in Valley National Bancorp (VLY): What You Must Know


Valley National Bancorp’s filing revealed that its Director SANI SURESH L acquired Company’s shares for reported $69331.0 on May 22. In the deal valued at $15.70 per share,4,416 shares were bought. As a result of this transaction, SANI SURESH L now holds 4,416 shares worth roughly $ 39081.6.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, MENDELSON AVNER bought 2,611 shares, generating $40,529 in total proceeds. Upon buying the shares at $15.52, the Director now owns 134,126 shares.

Before that, Baum Peter J bought 2,500 shares. Valley National Bancorp shares valued at $43,625 were divested by the Director at a price of $17.45 per share. As a result of the transaction, Baum Peter J now holds 2,500 shares, worth roughly $22125.0.

Hovde Group upgraded its Valley National Bancorp [VLY] rating to an Outperform from a a Market perform in a research note published on Monday. PT values the company’s stock at a premium of 23.04 to its Monday closing price.

Price Performance Review of VLY

On Monday, Valley National Bancorp [NASDAQ:VLY] saw its stock fall -1.99% to $8.85. On the same session, the stock had its day’s lowest price of $8.83, but rose to a high of $9.07. Over the last five days, the stock has lost -2.32%. Valley National Bancorp shares have fallen nearly -21.75% since the year began. Nevertheless, the stocks have fallen -25.76% over the past one year. While a 52-week high of $13.07 was reached on 02/03/23, a 52-week low of $6.39 was recorded on 05/12/23. SMA at 50 days reached $9.27, while 200 days put it at $9.64. A total of 2.0 million shares were traded, compared to the trading of 3.26 million shares in the previous session.

Levels Of Support And Resistance For VLY Stock

The 24-hour chart illustrates a support level at 8.76, which if violated will result in even more drops to 8.68. On the upside, there is a resistance level at 9.00. A further resistance level may holdings at 9.16. The Relative Strength Index (RSI) on the 14-day chart is 43.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.86%. Stochastics %K at 26.95% indicates the stock is a holding.

How much short interest is there in Valley National Bancorp?

A steep rise in short interest was recorded in Valley National Bancorp stocks on Aug 30, 2023, dropping by -6.98 million shares to a total of 26.95 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 33.93 million shares. There was a decline of -25.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.69.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 57,176,240 shares, or roughly 11.26% of the outstanding VLY shares. In other words, the investor’s shares have fallen by -889,155 from its previous 13-F filing of 58065395.0. Additionally, The Vanguard Group, Inc. decreased -0.73% of its stake after which the total value it holdings stand at $405,431,964, while SSgA Funds Management, Inc. added 14.25% of its stake to hold $221.39 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 149,491 shares of Valley National Bancorp, while Macquarie Investment Management B bought 660,590 shares. At present, Fuller & Thaler Asset Management, is holding 17,357,369 shares valued at $159.34 million. American Century Investment Manag owned 12,105,390 shares of the company at the time of its most recent 13F filing, worth $111.13 million.

According to FactSet, Valley National Bancorp’s share price will average $11.05 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.35 percent from its previous closing price of $9.03. Analysts expect Valley National Bancorp stock to reach the higher price of $12.00, while the lowest price estimate is $8.00. However, 11 analysts have rated VLY stock as an Overweight in their predictions for 2023.


Please enter your comment!
Please enter your name here