The stock of Valley National Bancorp (VLY) has seen a 1.25% increase in the past week, with a 7.77% gain in the past month, and a 34.14% flourish in the past quarter. The volatility ratio for the week is 3.67%, and the volatility levels for the past 30 days are at 3.53% for VLY. The simple moving average for the last 20 days is 2.26% for VLY stock, with a simple moving average of 7.73% for the last 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 12.47x compared to its average ratio. VLY has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for VLY is 500.64M, and currently, short sellers hold a 8.23% ratio of that float. The average trading volume of VLY on October 07, 2024 was 6.24M shares.
VLY) stock’s latest price update
Valley National Bancorp (NASDAQ: VLY)’s stock price has plunge by 1.49relation to previous closing price of 8.75. Nevertheless, the company has seen a 1.25% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-16 that We take a look at the action in preferreds and baby bonds through the fourth week of July and highlight some of the key themes we are watching. Preferred stocks and baby bonds saw positive price movement, with most sub-sectors finishing in the green on the week with credit spreads remaining tight. New issues often offer stronger yields than existing shares; investors should monitor new securities for better yield opportunities.
Analysts’ Opinion of VLY
Many brokerage firms have already submitted their reports for VLY stocks, with Morgan Stanley repeating the rating for VLY by listing it as a “Equal-Weight.” The predicted price for VLY in the upcoming period, according to Morgan Stanley is $9.50 based on the research report published on August 05, 2024 of the current year 2024.
Keefe Bruyette, 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 “Mkt Perform” according to the report published on May 31st, 2024.
Barclays gave a rating of “Underweight” to VLY, setting the target price at $8 in the report published on March 08th of the current year.
VLY Trading at 5.66% 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 -20.86% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares surge +9.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.04% upper at present.
During the last 5 trading sessions, VLY rose by +1.25%, which changed the moving average for the period of 200-days by -19.13% in comparison to the 20-day moving average, which settled at $8.72. In addition, Valley National Bancorp saw -18.23% 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:
- 0.21 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 0.12. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is 39.77 million with net debt to EBITDA at 17.86. When we switch over and look at the enterprise to sales, we see a ratio of 2.35. The receivables turnover for the company is 12.34for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To put it simply, Valley National Bancorp (VLY) has had a better 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.
