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 5.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.49%, 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 1.82% in the last 1 week, and is up 4.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.16% and the fifty day Moving Average is 4.05%. Valley National Bancorp is up 0.98% in the last three month period. Year-to-Date the stock performance stands at -1.05%.
Valley National Bancorp (VLY) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.56 and the expected standard deviation is $0.43.
Valley National Bancorp (NYSE:VLY): stock turned positive on Friday. Though the stock opened at $9.49, the bulls momentum made the stock top out at $9.56 level for the day. The stock recorded a low of $9.4301 and closed the trading day at $9.52, in the green by 0.74%. The total traded volume for the day was 2,191,399. The stock had closed at $9.45 in the previous days trading.
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.