Valley National Bancorp (VLY) : Traders are bullish on Valley National Bancorp (VLY) as it has outperformed the S&P 500 by a wide margin of 1.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.64% in the last 1 week, and is up 3.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Valley National Bancorp (NYSE:VLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.34 and $9.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.40, notching a gain of 3.75% for the day. The total traded volume was 1,474,306 . The stock had closed at $9.06 on the previous day.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 2.69%. Valley National Bancorp is up 5.45% in the last 3-month period. Year-to-Date the stock performance stands at -2.3%.
Valley National Bancorp (VLY) : The highest short term price target forecast on Valley National Bancorp (VLY) is $10 and the lowest target price is $9. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $9.69 with a standard deviation of $0.47.
Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.