Valley National Bancorp (NASDAQ: VLY) has a higher price-to-earnings ratio of 10.88x compared to its average ratio, The 36-month beta value for VLY is at 1.10. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for VLY is 500.63M, and currently, shorts hold a 8.42% of that float. The average trading volume for VLY on August 05, 2024 was 5.56M shares.
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VLY) stock’s latest price update
Valley National Bancorp (NASDAQ: VLY) has seen a decline in its stock price by -2.39 in relation to its previous close of 7.94. However, the company has experienced a -5.83% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-29 that NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), for gross proceeds of $150 million. Each share of the Preferred Stock will be issued at a public offering price of $25 per share and has a liquidation preference of $25 per share. Dividends on the Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 8.250% from the date of original issue to, but excluding September 30, 2029, and thereafter at a rate per annum equal to the five-year U.S. treasury rate (as defined in the preliminary prospectus supplement relating to the offering) as of the most recent dividend payment date (as defined in the preliminary prospectus supplement) plus 4.182%.
VLY’s Market Performance
VLY’s stock has fallen by -5.83% in the past week, with a monthly rise of 15.67% and a quarterly rise of 3.33%. The volatility ratio for the week is 5.86% while the volatility levels for the last 30 days are 4.83% for Valley National Bancorp The simple moving average for the past 20 days is 0.52% for VLY’s stock, with a -6.74% simple moving average for the past 200 days.
Analysts’ Opinion of VLY
Many brokerage firms have already submitted their reports for VLY stocks, with Keefe Bruyette repeating the rating for VLY by listing it as a “Mkt Perform.” The predicted price for VLY in the upcoming period, according to Keefe Bruyette is $8 based on the research report published on May 31, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see VLY reach a price target of $8. The rating they have provided for VLY stocks is “Underweight” according to the report published on March 08th, 2024.
Citigroup gave a rating of “Neutral” to VLY, setting the target price at $9.50 in the report published on December 01st of the previous year.
VLY Trading at 7.33% 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 -30.93% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 5.86%, as shares surge +17.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.13% upper at present.
During the last 5 trading sessions, VLY fell by -5.83%, which changed the moving average for the period of 200-days by -7.07% in comparison to the 20-day moving average, which settled at $7.77. In addition, Valley National Bancorp saw -28.64% 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 10,000 shares at the price of $6.57 back on Jun 14 ’24. After this action, CHILLURA JOSEPH now owns 0 shares of Valley National Bancorp, valued at $65,700 using the latest closing price.
WILLIAMS SIDNEY S, the Director of Valley National Bancorp, purchase 742 shares at $6.74 during a trade that took place back on Jun 10 ’24, which means that WILLIAMS SIDNEY S is holding 33,329 shares at $5,001 based on the most recent closing price.
Stock Fundamentals for VLY
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 1.0 for the gross margin
The net margin for Valley National Bancorp stands at 0.12. The total capital return value is set at 0.01. Equity return is now at value 5.70, with 0.61 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 0.22. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is 39.77 million with net debt to EBITDA at 22.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In conclusion, Valley National Bancorp (VLY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
