As of Thursday close, Valley National Bancorp’s (NASDAQ:VLY) stock was up $0.13, moving up 1.32 percent to $10.01. The average number of shares traded per day over the past five days has been 4,950,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 5,042,305, while in the previous 50 days, it was 4,588,668.
Since last month, VLY stock rose 28.99%. Shares of the company fell to $7.46 on 07/06/23, the lowest level in the past month. A 52-week high of $13.07 was reached on 02/03/23 after having rallying from a 52-week low of $6.39. Since the beginning of this year, VLY’s stock price has dropped by -11.49% or -$1.30, and marked a new high 5 times. However, the stock has declined by -23.41% since its 52-week high.
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VLY stock investors should be aware that Valley National Bancorp (VLY) stock had its last reported insider trading activity 74 days ago on May 22. SANI SURESH L, the Director of the company, purchased of 4,416 shares for $15.70 on May 22. It resulted in a $69,331 investment by the insider. MENDELSON AVNER added 2,611 shares at an average price of $15.52 on May 12. The insider now owns 134,126 shares following the transaction. On May 08, Director Baum Peter J bought 2,500 shares at $17.45 apiece. The transaction was valued at $43,625.
Valuation Metrics
Right now, Valley National Bancorp (VLY) has a P/E ratio of about 8.13. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 1.87, the price-to-book (PB) ratio of 0.81, and the price-to-cash flow ratio of 4.35 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 June 29 was 0.13, and the total debt-to-equity ratio was 0.13. In the year ended June 29, operating margins totaled 59.40%. Based on annual data, VLY earned $1.66 billion in gross profit and brought in $1.98 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 19.80%. Return on equity (ROE) for the past 12 months was 9.10%.
In Valley National Bancorp’s quarter-end financial report for June 29, it reported total debt of $56.85 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 $0.28 per share, beating the consensus estimate by -3.40%. The value of shareholders’ equity is $507.88 million.
Technical Picture
This quick technical analysis looks at Valley National Bancorp’s (VLY) price momentum. With a historical volatility rate of 40.78%, the RSI 9-day stood at 65.40% on 03 August.
With respect to its five-day moving average, the current Valley National Bancorp price is down by -0.30% percent or -$0.03. At present, VLY shares trade +31.19% above its 20-day simple moving average and -0.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately +32.58% above its SMA50 and -11.73% below its SMA200.
Stochastic coefficient K was 76.71% and Stochastic coefficient D was 80.63%, while ATR was 0.38. Given the Stochastic reading of 79.70% for the 14-day period, the RSI (14) reading has been calculated as 65.34%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at 0.21.
Analyst Ratings
Valley National Bancorp downgraded its rating on Valley National Bancorp (NASDAQ: VLY) to a Market perform in a note to investors on August 01, 2023. The analysts firm previously had an Outperform rating on the stock.Valley National Bancorp (VLY) has been rated Overweight by analysts. According to 0 brokerage firms, VLY is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Valley National Bancorp stock as buy, with 6 recommending it as overweight.
With a median target price of $11.25, the current consensus forecast for the stock is $8.00 – $12.00. Based on these forecasts, analysts predict Valley National Bancorp (VLY) will achieve an average price target of $11.00.
