Valley National Bancorp (VLY) has risen sharply, recording gains of 0.43% in the past 4 weeks. However, the stock has corrected -2.9% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 1.77%.The 200 Day SMA reached 2.82% Valley National Bancorp is up 5.65% in the last 3-month period. Year-to-Date the stock performance stands at -1.28%.
Valley National Bancorp (VLY) stock is expected to deviate a maximum of $0.43 from the average target price of $9.56 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $9.
Company shares have received an average consensus rating of Hold for the current week Valley National Bancorp (NYSE:VLY): The stock opened at $9.36 and touched an intraday high of $9.41 on Friday. During the day, the stock corrected to an intraday low of $9.28, however, the bulls stepped in and pushed the price higher to close in the green at $9.39 with a gain of 0.21% for the day. The total traded volume for the day was 6,819,313. The stock had closed at $9.39 in the previous trading session.
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.