Valley National Bancorp [NASDAQ: VLY] traded at a high on 04/17/23, posting a 1.66 gain after which it closed the day’ session at $8.59. The company report on April 17, 2023 that Valley National Bancorp To Announce First Quarter 2023 Earnings.
Valley’s CEO, Ira Robbins will host a conference call on Thursday, April 27th at 11:00 AM (ET) to discuss Valley’s first quarter 2023 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIeb2c02c62851462bb016f48b0f9c1d49 to receive the dial-in number and a personal PIN, which are required to access the conference call.
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The results of the trading session contributed to over 5318253 shares changing hands. Over the past one week, the price volatility of Valley National Bancorp stands at 3.45% while the volatility over the past one month is 4.48%.
The market cap for VLY stock reached $4.42 billion, with 506.59 million shares outstanding and 499.30 million shares in the current float. Compared to the average trading volume of 4.48M shares, VLY reached a trading volume of 5318253 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $12.10 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 0.43, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 2.24. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for VLY in the course of the last twelve months was 3.83.
How has VLY stock performed recently?
Valley National Bancorp [VLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.94. With this latest performance, VLY shares dropped by -13.49% in over the last four-week period, additionally sinking by -25.88% over the last 6 months – not to mention a drop of -31.17% 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 34.85, with the RSI for the last a single of trading hit 37.58, and the three-weeks RSI is set at 34.45 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 10.45, while it was recorded at 8.53 for the last single week of trading, and 11.31 for the last 200 days.
Valley National Bancorp [VLY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Valley National Bancorp [VLY] shares currently have an operating margin of +32.96. Valley National Bancorp’s Net Margin is presently recorded at +26.02.
Return on Total Capital for VLY is now 9.01, given the latest momentum, and Return on Invested Capital for the company is 7.88. Return on Equity for this stock inclined to 9.91, with Return on Assets sitting at 1.13. When it comes to the capital structure of this company, Valley National Bancorp [VLY] has a Total Debt to Total Equity ratio set at 32.77. Additionally, VLY Total Debt to Total Capital is recorded at 24.68, with Total Debt to Total Assets ending up at 3.64. Long-Term Debt to Equity for the company is recorded at 25.36, with the Long-Term Debt to Total Capital now at 18.48.
Reflecting on the efficiency of the workforce at the company, Valley National Bancorp [VLY] managed to generate an average of $148,680 per employee.
Earnings analysis for Valley National Bancorp [VLY]
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%.
Insider trade positions for Valley National Bancorp [VLY]
There are presently around $2,499 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 1.42% of the total institutional ownership; VANGUARD GROUP INC, holding 44,725,963 shares of the stock with an approximate value of $377.93 million in VLY stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $175.09 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 172 institutional holders increased their position in Valley National Bancorp [NASDAQ:VLY] by around 25,150,118 shares. Additionally, 129 investors decreased positions by around 10,881,163 shares, while 78 investors held positions by with 259,703,190 shares. The mentioned changes placed institutional holdings at 295,734,471 shares, according to the latest SEC report filing. VLY stock had 44 new institutional investments in for a total of 5,871,699 shares, while 33 institutional investors sold positions of 1,433,992 shares during the same period.