In the past week, VLY stock has gone up by 3.95%, with a monthly decline of -8.40% and a quarterly plunge of -35.01%. The volatility ratio for the week is 6.00%, and the volatility levels for the last 30 days are 7.44% for Valley National Bancorp The simple moving average for the past 20 days is 2.33% for VLY’s stock, with a -29.92% simple moving average for the past 200 days.
Is It Worth Investing in Valley National Bancorp (NASDAQ: VLY) Right Now?
Valley National Bancorp (NASDAQ: VLY) has a higher price-to-earnings ratio of 6.64x compared to its average ratio, and the 36-month beta value for VLY is at 1.12. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for VLY is $10.65, which is $3.2 above the current market price. The public float for VLY is 499.30M, and currently, shorts hold a 5.09% of that float. The average trading volume for VLY on May 25, 2023 was 7.28M shares.
VLY) stock’s latest price update
The stock price of Valley National Bancorp (NASDAQ: VLY) has plunged by -2.18 when compared to previous closing price of 7.80, but the company has seen a 3.95% gain in its stock price over the last five trading sessions.
VLY Trading at -8.98% from the 50-Day Moving Average
After a stumble in the market that brought VLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.62% of loss for the given period.
Volatility was left at 7.44%, however, over the last 30 days, the volatility rate increased by 6.00%, as shares sank -11.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.85% lower at present.
During the last 5 trading sessions, VLY rose by +3.95%, which changed the moving average for the period of 200-days by -35.34% in comparison to the 20-day moving average, which settled at $7.41. In addition, Valley National Bancorp saw -32.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VLY starting from SANI SURESH L, who purchase 4,416 shares at the price of $15.70 back on May 22. After this action, SANI SURESH L now owns 4,416 shares of Valley National Bancorp, valued at $69,331 using the latest closing price.
MENDELSON AVNER, the Director of Valley National Bancorp, purchase 2,611 shares at $15.52 during a trade that took place back on May 12, which means that MENDELSON AVNER is holding 134,126 shares at $40,529 based on the most recent closing price.
Stock Fundamentals for VLY
Current profitability levels for the company are sitting at:
- +32.96 for the present operating margin
The net margin for Valley National Bancorp stands at +26.02. The total capital return value is set at 9.01, while invested capital returns managed to touch 7.88. Equity return is now at value 9.50, with 1.00 for asset returns.
Based on Valley National Bancorp (VLY), the company’s capital structure generated 32.77 points at debt to equity in total, while total debt to capital is 24.68. Total debt to assets is 3.64, with long-term debt to equity ratio resting at 25.36. Finally, the long-term debt to capital ratio is 18.48.
When we switch over and look at the enterprise to sales, we see a ratio of 2.17, with the company’s debt to enterprise value settled at 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In conclusion, Valley National Bancorp (VLY) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
