Weekly Performance Analysis for Valley National Bancorp (VLY)

Valley National Bancorp (NASDAQ:VLY) saw an upside of 0.22% to close Tuesday at $13.67 after adding $0.03 on the day. The 5-day average trading volume is 1,258,020 shares of the company’s common stock. It has gained $13.97 in the past week. An average of 2,512,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,092,504.

VLY’s 1-month performance is 10.96% or $1.51 on its low of $11.66 reached on 09/20/21. The company’s shares have touched a 52-week low of $7.20 and high of $14.74, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, VLY has achieved 40.21% or $3.92. However, the current price is down -7.26%% from the 52-week high price.


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Insider Transactions

On Jan 15, 271 days have gone by since the last insider trading activity for Valley National Bancorp (VLY). Lynch Kevin J (Director) most recently sold 300,000 shares at $10.66 per share on Jan 15. This transaction cost the insider $3,198,000. Director, Lynch Kevin J, sold 300,000 shares at a price of $10.94 on Jan 14. Then, on Dec 08, Director JONES GRAHAM O sold 5,775 shares at a price of $9.67 per share. This transaction amounted to $55,870.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 26.02 and a low of 7.157. VLY stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.16 while the price-to-book (PB) in the most recent quarter is 1.23, with the price to cash flow ratio at 13.43.

Valley National Bancorp pays an annual dividend of $0.44 per share. Its dividend yield is 3.22% and the payout ratio is 41.30%. VLY’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.11 a share compared with prior rate of $0.11, down 0.0% from last year’s. The company latest dividend decrease of $0.0525 reported on Tuesday November 19 2013.

It is projected that Valley National Bancorp’s next ex-dividend date will be on 13-Dec-2021. VLY is expected to distribute $0.11 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.22, while the total debt to equity was 0.22 while for the period ending June 29; Valley National Bancorp’s operating margin was 82.10%. The firm’s gross profit as reported stood at $1.12 billion against revenue of $1.38 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VLY to announce $0.3 per share in earnings in its latest quarter, but it posted $0.3, representing a 0.00% surprise. VLY stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.14 billion. Shareholders hold equity totaling $406.61 million

Technical Picture

Let’s look briefly at Valley National Bancorp (VLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 62.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.39%.

The stock’s 5-day moving average is $13.72, reflecting a +0.37% or $0.05 change from its current price. VLY is currently trading +15.26% above its 20-day SMA, -3.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.05% and +40.78% respectively.

Stochastic %K and %D was 86.76% and 91.18% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 60.18%, while the 14-day stochastic is at 83.15% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Valley National Bancorp (NASDAQ: VLY), Citigroup upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for VLY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VLY as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is VLY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.00 and a high of $17.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Valley National Bancorp (VLY) stock is $15.28.

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