Valley National Bancorp (NASDAQ: VLY)’s stock price has plunge by -0.64relation to previous closing price of 9.42. Nevertheless, the company has seen a -1.99% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-25 that Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank’s de-risking plan is ahead of schedule, with an $800 million CRE loan sale reducing exposure and mitigating downside risk. Deposit performance is resilient, with a $300 million sequential increase and lower customer deposit costs expected to benefit Q4 margins.
Is It Worth Investing in Valley National Bancorp (NASDAQ: VLY) Right Now?
The price-to-earnings ratio for Valley National Bancorp (NASDAQ: VLY) is above average at 15.04x, Company’s 36-month beta value is 1.09.Analysts have differing opinions 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 7.07% ratio of that floaft. The average trading volume of VLY on November 05, 2024 was 5.51M shares.
VLY’s Market Performance
VLY stock saw an increase of -1.99% in the past week, with a monthly gain of 5.41% and a quarterly increase of 19.08%. The volatility ratio for the week is 3.22%, and the volatility levels for the last 30 days are 3.31% for Valley National Bancorp (VLY). The simple moving average for the past 20 days is 0.88% for VLY’s stock, with a 15.70% simple moving average for the past 200 days.
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 “Equal Weight.” The predicted price for VLY in the upcoming period, according to Barclays is $10 based on the research report published on October 31, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see VLY reach a price target of $9.50, previously predicting the price at $8. The rating they have provided for VLY stocks is “Equal-Weight” according to the report published on August 05th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to VLY, setting the target price at $8 in the report published on May 31st of the current year.
VLY Trading at 5.12% 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 -16.58% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +5.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.29% upper at present.
During the last 5 trading sessions, VLY fell by -1.99%, which changed the moving average for the period of 200-days by -9.65% in comparison to the 20-day moving average, which settled at $9.28. In addition, Valley National Bancorp saw -13.81% 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:
- 0.16 for the present operating margin
- 1.0 for the gross margin
The net margin for Valley National Bancorp stands at 0.09. The total capital return value is set at 0.01. Equity return is now at value 4.94, with 0.55 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 0.49. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 39.77 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In a nutshell, Valley National Bancorp (VLY) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
