Valley National Bancorp [NASDAQ: VLY] loss -2.26% on the last trading session, reaching $11.67 price per share at the time. The company report on October 27, 2022 that Valley National Bancorp Reports a 45 Percent Increase in Third Quarter 2022 Earnings With Strong Net Interest Income and Margin.
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Valley National Bancorp represents 506.30 million in outstanding shares, while the company has a total market value of $5.64 billion with the latest information. VLY stock price has been found in the range of $11.64 to $12.09.
If compared to the average trading volume of 2.08M shares, VLY reached a trading volume of 3689362 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Valley National Bancorp [VLY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLY shares is $14.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLY stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Janney have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 04, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $12 to $14. The new note on the price target was released on September 24, 2021, representing the official price target for Valley National Bancorp stock.
The Average True Range (ATR) for Valley National Bancorp is set at 0.38, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 3.38. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 2.87. Price to Free Cash Flow for VLY in the course of the last twelve months was 7.18.
Trading performance analysis for VLY stock
Valley National Bancorp [VLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.43. With this latest performance, VLY shares gained by 0.52% in over the last four-week period, additionally sinking by -6.27% over the last 6 months – not to mention a drop of -16.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VLY stock in for the last two-week period is set at 52.15, with the RSI for the last a single of trading hit 52.49, and the three-weeks RSI is set at 51.52 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 11.56, while it was recorded at 11.77 for the last single week of trading, and 12.21 for the last 200 days.
Valley National Bancorp [VLY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Valley National Bancorp [VLY] shares currently have an operating margin of +46.32. Valley National Bancorp’s Net Margin is presently recorded at +31.65.
Return on Equity for this stock inclined to 9.79, with Return on Assets sitting at 1.12.
Valley National Bancorp [VLY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Valley National Bancorp go to 5.00%.
An analysis of insider ownership at Valley National Bancorp [VLY]
There are presently around $3,272 million, or 70.20% of VLY stock, in the hands of institutional investors. The top three institutional holders of VLY stocks are: BLACKROCK INC. with ownership of 60,164,430, which is approximately 3.845% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 43,199,529 shares of the stock with an approximate value of $504.14 million in VLY stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $235.99 million in VLY stock with ownership of nearly -9.816% of the company’s market capitalization.
Positions in Valley National Bancorp stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 188 institutional holders increased their position in Valley National Bancorp [NASDAQ:VLY] by around 20,007,126 shares. Additionally, 111 investors decreased positions by around 11,850,622 shares, while 81 investors held positions by with 248,492,652 shares. The mentioned changes placed institutional holdings at 280,350,400 shares, according to the latest SEC report filing. VLY stock had 63 new institutional investments in for a total of 6,713,953 shares, while 31 institutional investors sold positions of 2,653,970 shares during the same period.