Valley National Bancorp (VLY), Synovus Financial Corp. (SNV): Scrutiny of these stocks

LARUSSO MICHAEL L, Director, sold 3,100 shares of the Valley National Bancorp (NASDAQ:VLY) in an exchange that happened on December 14th. The stock was sold at an average price of $9.32 per share, amounting to a transaction worth $28,892. The sale was made public in a document filed with the SEC. Additionally, Director KORDE GERALD sold 3,000 shares of this stock in a transaction that took place on November 13th. The stock was sold at an average price of $10.03 per share, for a total exchange amounting to $30,090. After the transaction, the Director KORDE GERALD currently holds 890,352 shares of the company’s stock, which is worth approximately $9232950.

With this stock price’s latest movement, it is now -22.47% away from its 1-year high and 23.16% higher than its 1-year low price. In the past seven days, the stock price volatility for Valley National Bancorp was 2.23%, whereas its volatility in the past 30 days has been 2.59%. This public company’s stock also has a beta score of 1.25. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Valley National Bancorp (NASDAQ:VLY) most recently published its quarterly earnings results. The firm posted $0.21 earnings per share (EPS) for the three-month period, missing analysts’ consensus estimate of $0.22 by $0.01. The publicly-traded organization reported revenue of $256.75 million for the quarter, compared to the average analyst forecast calling for $253.51 million, which was surpassing the analyst consensus estimate.

Shares of Valley National Bancorp (VLY) plunged -1.24%, amounting to a loss of -$0.13 per share, to finish the regular trading session at $10.37 on Saturday 02/09/2019. After beginning the session at $10.45, shares of Valley National Bancorp reached as high as $10.54 during the day, while hitting a 1-day low of $10.3. Trade volume reached 1,786,309 shares against this stock’s average daily volume of 2.44M shares, with a total float of 320.90M. As a consequence of the price decrease, Valley National Bancorp now has a current market value of 3.40B.

Synovus Financial Corp. (NYSE:SNV) subtracted -0.03% to its trading price by the close of the most recent session, dropping from its previous closing price of $37.34 to $37.33. This stock increased in value by 3.81% during the last 7-day period, and experienced a gain of 8.36% over the past 30-day period. In the past three months, this stock’s price lost by -2.18% , and subtracted -25.21% to its price during the last six months of trading. SNV demonstrated a yearly price loss of -24.87% , while its year-to-date (YTD) price performance has been up 16.69% . This stock’s price changed by +24.72% compared to its 90-day low, and moved down -3.44% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the SNV stock as “Buy”. In the short-term, Synovus Financial Corp. (SNV) has a 20-day average volume of 3,027,400 shares and short-term indicators sets the SNV stock as “ 80% Buy ” on average basis. In the medium-term, SNV stock has a 50-Day average volume of 3,042,468 shares and medium-term indicators gave the average rating of “ 50% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 2,425,173 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the SNV stock as “40% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on SNV. Piper Jaffray, for example, Upgrade its rating on shares of Synovus Financial Corp. from “Neutral ” to a “ Overweight”according to a research note from Tuesday January 22nd, 2019. while giving the stock a “ Outperform” from “Neutral ” rating, as stated in a research report from Thursday, December 20th, 2018. FIG Partners, on the other hand, Upgrade a from “Market Perform ” to “ Outperform” rating on this stock in a research note dated Tuesday, November 13th, 2018.

In other news related to Synovus Financial Corp. stock, 86.82% shares of SNV held by institutions. The total number of institutions who held the SNV shares was 449, according to most recent SEC filling. During the past quarter, total 100,599,005 shares held by institutions with the net change of 4,490,454 shares. In the meantime, 25 new institutions bought the shares of Synovus Financial Corp. for the first time and 27 institutions sold all their holdings in the company’s common stock. 79 institutions increased their investment in the SNV stock and 73 institutions decreased their investment in the Synovus Financial Corp. (SNV)’s stock during the last quarter.