Would It Be A Good Move Today To Buy Valley National Bancorp (VLY) Stock?

As of Friday close, Valley National Bancorp’s (NASDAQ:VLY) stock was up $0.02, moving up 0.17 percent to $11.69. The average number of shares traded per day over the past five days has been 2,547,660 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 2,718,605, while in the previous 50 days, it was 2,545,438.

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Since last month, VLY stock retreated -6.33%. Shares of the company fell to $11.40 on 05/12/22, the lowest level in the past month. A 52-week high of $15.10 was reached on 01/18/22 after having rallying from a 52-week low of $11.40. Since the beginning of this year, VLY’s stock price has dropped by -14.98% or -$2.06, and marked a new high 8 times. However, the stock has declined by -22.58% since its 52-week high.

Valley National Bancorp (VLY) last reported insider trading activity 333 days ago on Jun 15. WILLIAMS SIDNEY S, the Director of the company, purchased of 174 shares for $13.80 on Jun 15. It resulted in a $2,402 investment by the insider.

Valuation Metrics

Right now, Valley National Bancorp (VLY) has a P/E ratio of about 10.47. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 4.48, the price-to-book (PB) ratio of 0.99, and the price-to-cash flow ratio of 10.91 may also be considered.

The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11. On Tuesday November 19 2013, a $0.0525 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.14, and the total debt-to-equity ratio was 0.14. In the year ended September 29, operating margins totaled 85.10%. Based on annual data, VLY earned $1.21 billion in gross profit and brought in $1.33 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.20%. Return on equity (ROE) for the past 12 months was 9.80%.

In Valley National Bancorp’s quarter-end financial report for September 29, it reported total debt of $56.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Valley National Bancorp to report $0.29 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by 3.40%. The value of shareholders’ equity is $506.31 million.

Technical Picture

This quick technical analysis looks at Valley National Bancorp’s (VLY) price momentum. With a historical volatility rate of 26.20%, the RSI 9-day stood at 35.41% on 13 May.

With respect to its five-day moving average, the current Valley National Bancorp price is down by -2.18% percent or -$0.26. At present, VLY shares trade -5.42% below its 20-day simple moving average and -10.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.02% below its SMA50 and -10.56% below its SMA200.

Stochastic coefficient K was 19.65% and Stochastic coefficient D was 16.24%, while ATR was 0.36. Given the Stochastic reading of 25.11% for the 14-day period, the RSI (14) reading has been calculated as 37.08%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.32.


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