Valley National Bancorp (NASDAQ: VLY) has a price-to-earnings ratio of 16.44x that is above its average ratio. Additionally, the 36-month beta value for VLY is 1.10. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for VLY is 542.84M and currently, short sellers hold a 6.35% ratio of that float. The average trading volume of VLY on November 19, 2024 was 6.61M shares.
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VLY) stock’s latest price update
Valley National Bancorp (NASDAQ: VLY) has experienced a rise in its stock price by 0.39 compared to its previous closing price of 10.19. However, the company has seen a fall of -0.10% in its stock price over the last five trading days. globenewswire.com reported 2024-11-18 that NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on December 13, 2024 are as follows:
VLY’s Market Performance
Valley National Bancorp (VLY) has seen a -0.10% fall in stock performance for the week, with a 9.06% gain in the past month and a 25.06% surge in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 3.48% for VLY. The simple moving average for the past 20 days is 4.80% for VLY’s stock, with a 26.48% simple moving average for the past 200 days.
Analysts’ Opinion of VLY
Many brokerage firms have already submitted their reports for VLY stocks, with JP Morgan repeating the rating for VLY by listing it as a “Overweight.” The predicted price for VLY in the upcoming period, according to JP Morgan is $11 based on the research report published on November 11, 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 $10, previously predicting the price at $9. The rating they have provided for VLY stocks is “Equal Weight” according to the report published on October 31st, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to VLY, setting the target price at $9.50 in the report published on August 05th of the current year.
VLY Trading at 10.76% 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 -8.82% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares surge +14.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.06% upper at present.
During the last 5 trading sessions, VLY fell by -0.10%, which changed the moving average for the period of 200-days by +11.07% in comparison to the 20-day moving average, which settled at $9.76. In addition, Valley National Bancorp saw -5.80% 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 -0.04. 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 761.54 million with net debt to EBITDA at -1.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 14.22for trailing twelve months and the total asset turnover is 0.06. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
