Valley National Bancorp [VLY] is -21.13% lower this YTD. Is it still time to buy?

Valley National Bancorp [NASDAQ: VLY] loss -2.19% on the last trading session, reaching $8.92 price per share at the time. The company report on August 30, 2023 at 8:00 AM that Valley Bank Names Sanjay Sidhwani Chief Data and Analytics Officer.

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the appointment of Sanjay Sidhwani as its first Chief Data and Analytics Officer. In this role, Sidhwani will oversee the bank’s data strategy and data management capabilities including enterprise data architecture, data platforms and services, data governance, data risk and data literacy. He will also be responsible for building out the bank’s advanced analytics capabilities to drive strategic objectives.

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“Sanjay has extensive experience and expertise in driving digital transformation and delivering measurable business results through advanced analytics,” said Russ Barrett, Valley’s Executive Vice President, Chief Transformation Officer. “Today, data and analytics play a significant role in the way we develop and manage our business strategies and Sanjay will have a major impact in building our capabilities and data-driven culture.”.

Valley National Bancorp represents 507.69 million in outstanding shares, while the company has a total market value of $4.50 billion with the latest information. VLY stock price has been found in the range of $8.805 to $9.10.

If compared to the average trading volume of 3.90M shares, VLY reached a trading volume of 3401072 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 $11.05 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 2.20. 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.

Hovde Group have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 05, 2023.

The Average True Range (ATR) for Valley National Bancorp is set at 0.31, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 1.67. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 3.88. Price to Free Cash Flow for VLY in the course of the last twelve months was 5.47.

Trading performance analysis for VLY stock

Valley National Bancorp [VLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, VLY shares dropped by -7.76% in over the last four-week period, additionally sinking by -7.47% over the last 6 months – not to mention a drop of -26.52% 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 44.34, with the RSI for the last a single of trading hit 41.41, and the three-weeks RSI is set at 46.87 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 9.20, while it was recorded at 9.06 for the last single week of trading, and 9.69 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 +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.

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 Institutional ownership at Valley National Bancorp [VLY]

The top three institutional holders of VLY stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in VLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in VLY stock with ownership which is approximately 5.7381%.

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