Valley National Bancorp [NASDAQ: VLY] stock went on a downward path that fall over -1.83% on Thursday, amounting to a one-week price decrease of less than -4.00%. The company report on January 26, 2023 that Valley National Bancorp Reports Fourth Quarter Earnings, Increased Net Interest Income and 15 Percent Annualized Loan Growth.
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Over the last 12 months, VLY stock dropped by -14.49%. The one-year Valley National Bancorp stock forecast points to a potential upside of 17.44. The average equity rating for VLY stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.72 billion, with 506.34 million shares outstanding and 499.30 million shares in the current float. Compared to the average trading volume of 2.77M shares, VLY stock reached a trading volume of 4096916 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $13.65 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 1.90. 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.
Raymond James have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on December 21, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on December 05, 2022, representing the official price target for Valley National Bancorp stock. On September 24, 2021, analysts increased their price target for VLY shares from 12 to 14.
The Average True Range (ATR) for Valley National Bancorp is set at 0.28, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 2.89. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 2.21. Price to Free Cash Flow for VLY in the course of the last twelve months was 6.06.
VLY Stock Performance Analysis:
Valley National Bancorp [VLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.00. With this latest performance, VLY shares dropped by -5.13% in over the last four-week period, additionally sinking by -4.49% over the last 6 months – not to mention a drop of -14.49% 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 33.98, with the RSI for the last a single of trading hit 22.42, and the three-weeks RSI is set at 40.16 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 11.60, while it was recorded at 11.54 for the last single week of trading, and 11.63 for the last 200 days.
Insight into Valley National Bancorp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Valley National Bancorp [VLY] shares currently have an operating margin of +35.75. Valley National Bancorp’s Net Margin is presently recorded at +26.05.
Return on Equity for this stock inclined to 9.91, with Return on Assets sitting at 1.13.
VLY Stock EPS
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%.
Valley National Bancorp [VLY] Insider Position Details
There are presently around $3,344 million, or 70.60% of VLY stock, in the hands of institutional investors. The top three institutional holders of VLY stocks are: BLACKROCK INC. with ownership of 62,244,830, which is approximately 4.816% of the company’s market cap and around 1.39% of the total institutional ownership; VANGUARD GROUP INC, holding 44,725,963 shares of the stock with an approximate value of $504.06 million in VLY stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $233.52 million in VLY stock with ownership of nearly 1.629% of the company’s market capitalization.
Positions in Valley National Bancorp stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 177 institutional holders increased their position in Valley National Bancorp [NASDAQ:VLY] by around 25,444,453 shares. Additionally, 127 investors decreased positions by around 10,978,342 shares, while 80 investors held positions by with 260,282,960 shares. The mentioned changes placed institutional holdings at 296,705,755 shares, according to the latest SEC report filing. VLY stock had 46 new institutional investments in for a total of 6,151,317 shares, while 33 institutional investors sold positions of 1,499,721 shares during the same period.