The stock of Valley National Bancorp (VLY) has gone down by -1.12% for the week, with a -0.50% drop in the past month and a -27.90% drop in the past quarter. The volatility ratio for the week is 3.82%, and the volatility levels for the past 30 days are 5.22% for VLY. The simple moving average for the past 20 days is 1.51% for VLY’s stock, with a -10.77% 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 8.40x compared to its average ratio. VLY has 36-month beta value of 1.11. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for VLY is 428.13M, and currently, short sellers hold a 9.25% ratio of that float. The average trading volume of VLY on April 01, 2024 was 6.30M shares.
VLY) stock’s latest price update
Valley National Bancorp (NASDAQ: VLY)’s stock price has increased by 0.76 compared to its previous closing price of 7.90. However, the company has seen a -1.12% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.
Analysts’ Opinion of VLY
Many brokerage firms have already submitted their reports for VLY stocks, with Barclays repeating the rating for VLY by listing it as a “Underweight.” The predicted price for VLY in the upcoming period, according to Barclays is $8 based on the research report published on March 08, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see VLY reach a price target of $9.50. The rating they have provided for VLY stocks is “Neutral” according to the report published on December 01st, 2023.
JP Morgan gave a rating of “Neutral” to VLY, setting the target price at $10 in the report published on October 30th of the previous year.
VLY Trading at -7.65% 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 -29.06% of loss for the given period.
Volatility was left at 5.22%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares sank -2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.32% lower at present.
During the last 5 trading sessions, VLY fell by -1.12%, which changed the moving average for the period of 200-days by -3.05% in comparison to the 20-day moving average, which settled at $7.83. In addition, Valley National Bancorp saw -26.70% 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 CHILLURA JOSEPH, who sale 49,715 shares at the price of $8.18 back on Mar 11 ’24. After this action, CHILLURA JOSEPH now owns 545,249 shares of Valley National Bancorp, valued at $406,669 using the latest closing price.
WILLIAMS SIDNEY S, the Director of Valley National Bancorp, purchase 673 shares at $10.37 during a trade that took place back on Jan 29 ’24, which means that WILLIAMS SIDNEY S is holding 21,605 shares at $6,979 based on the most recent closing price.
Stock Fundamentals for VLY
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 1.0 for the gross margin
The net margin for Valley National Bancorp stands at 0.22. The total capital return value is set at 0.02. Equity return is now at value 7.61, with 0.84 for asset returns.
Based on Valley National Bancorp (VLY), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is 39.77 million with net debt to EBITDA at 3.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.99. The receivables turnover for the company is 9.37for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
To put it simply, Valley National Bancorp (VLY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
