VLYPP Stock Summary and Trading Ideas (Valley National Bancorp - 6.25% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock | NASDAQ:VLYPP)

Valley National Bancorp is a bank holding company whose principal wholly owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.

Valley National Bancorp - 6.25% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock trades on the NASDAQ stock market under the symbol VLYPP.

As of April 19, 2024, VLYPP stock price climbed to $21.68 with 40,395 million shares trading.

VLYPP has a market cap of $7.23 billion. This is considered a Mid Cap stock.

In the last 3 years, VLYPP stock traded as high as $31.66 and as low as $13.73.

VLYPP has outperformed the market in the last year with a price return of +26.9% while the SPY ETF gained +21.2%. VLYPP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.7% and -2.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

VLYPP support price is $21.26 and resistance is $22.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VLYPP stock will trade within this expected range on the day.