Valley National Bancorp (NASDAQ: VLY)’s stock price has plunge by 0.00relation to previous closing price of 9.12. Nevertheless, the company has seen a -0.44% plunge in its stock price over the last five trading sessions. youtube.com reported 2024-12-19 that Ira Robbins, Valley Bank chairman and CEO, joins CNBC’s ‘Power Lunch’ to discuss outlooks on interest rates, whether he’s concerned about inflation, and more.
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 14.66x. The 36-month beta value for VLY is also noteworthy at 1.13. There are mixed opinions on the stock, with 2 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 549.93M, and at present, short sellers hold a 4.68% of that float. The average trading volume of VLY on December 31, 2024 was 6.66M shares.
VLY’s Market Performance
The stock of Valley National Bancorp (VLY) has seen a -0.44% decrease in the past week, with a -14.61% drop in the past month, and a 0.66% gain in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 3.10% for VLY. The simple moving average for the past 20 days is -7.50% for VLY’s stock, with a 9.28% 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 -7.82% 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 -17.80% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares sank -14.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.10% lower at present.
During the last 5 trading sessions, VLY fell by -0.44%, which changed the moving average for the period of 200-days by +21.44% in comparison to the 20-day moving average, which settled at $9.86. In addition, Valley National Bancorp saw -16.02% 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:
- 0.18 for the present operating margin
- 1.15 for the gross margin
The net margin for Valley National Bancorp stands at 0.11. 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 0.32 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 0.48. The interest coverage ratio of the stock is 0.42.
When we switch over and look at the enterprise to sales, we see a ratio of 2.51. The receivables turnover for the company is 12.39for 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
In summary, Valley National Bancorp (VLY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
