Valley National Bancorp (VLY) Shares: Are They Risky Or Cheap?

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Valley National Bancorp (NASDAQ:VLY) finished Wednesday with a subtraction of -$0.18 to close at $11.72, a downside of -1.51 percent. An average of 2,368,220 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,835,310 shares traded, while the 50-day average volume stands at 1,807,258.

VLY stock has decreased by -5.02% in the last month. The company shares reached their 1-month lowest point of $11.16 on 09/06/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $10.01 and a high of $15.10 in 52 weeks. It has reached a new high 8 times so far this year and lost -14.76% or -$2.03 in price. In spite of this, the price is down -22.38% from the 52-week high.


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Valuation Metrics

Valley National Bancorp (VLY) has a trailing price-to-earnings (P/E) ratio of 11.57. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.11, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 6.36.

The company has a payout ratio of 43.20%. The company’s most recent quarterly dividend payment was $0.11 a share, without any change from last year. Its latest decrease dividend $0.0525 reported on Tuesday November 19 2013.

Financial Health

Further, the company has a long term debt to equity ratio of 0.24 and a total debt to equity ratio of 0.24 for the quarter ending June 29. Its gross profit as reported stood at $1.21 billion compared to revenue of $1.33 billion.

Earnings Surprise

For the three-month period that ended June 29, Valley National Bancorp had $56.59 million in total debt. The analyst consensus anticipated Valley National Bancorp’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.32, a 10.30% surprise. At the end of the quarter ending June 29, Valley National Bancorp’s stock balance sheet showed total debt was $3.72 billion. Shareholders own equity worth $506.34 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Valley National Bancorp (VLY) price momentum. RSI 9-day as of the close on 21 September was 45.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.99%.

As of today, VLY’s price is $11.86 +0.43% or $0.05 from its 5-day moving average. VLY is currently trading -4.72% lower than its 20-day SMA and -5.18% lower than its 100-day SMA. However, the stock’s current price level is +11.41% above the SMA50 and -14.76% below the SMA200.

The stochastic %K and %D were 67.94% and 67.45%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 53.33% and the average true range at 0.34, the RSI (14) stands at 47.01%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

Janney launched coverage on Valley National Bancorp (NASDAQ: VLY) in its analyst report released on August 04, 2022. The firm assigned the stock a Buy rating. The consensus rating for Valley National Bancorp (VLY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VLY, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $12.50 and $16.50, with a median target of $14.75. Taking a look at these predictions, the average price target given by analysts for Valley National Bancorp (VLY) stock is $14.45.

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