Valley National Bancorp [NASDAQ: VLY] stock went on an upward path that rose over 4.49% on Tuesday, amounting to a one-week price increase of more than 17.53%.
Over the last 12 months, VLY stock dropped by -3.65%. The one-year Valley National Bancorp stock forecast points to a potential upside of 4.35. The average equity rating for VLY stock is currently 2.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.03 billion, with 507.71 million shares outstanding and 500.63 million shares in the current float. Compared to the average trading volume of 5.11M shares, VLY stock reached a trading volume of 7528631 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 $8.27 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 2.67. 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.
Keefe Bruyette have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 31, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on March 08, 2024, representing the official price target for Valley National Bancorp stock. Previously, the target price had yet another raise to $9.50, while Citigroup analysts kept a Neutral rating on VLY stock. On October 30, 2023, analysts decreased their price target for VLY shares from 11 to 10.
The Average True Range (ATR) for Valley National Bancorp is set at 0.26, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 0.62. Price to Free Cash Flow for VLY in the course of the last twelve months was 5.93.
VLY Stock Performance Analysis:
Valley National Bancorp [VLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.53. With this latest performance, VLY shares gained by 18.24% in over the last four-week period, additionally sinking by -22.53% over the last 6 months – not to mention a drop of -3.65% 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 69.61, with the RSI for the last a single of trading hit 77.15, and the three-weeks RSI is set at 63.58 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 7.15, while it was recorded at 7.46 for the last single week of trading, and 8.32 for the last 200 days.
Insight into Valley National Bancorp Fundamentals:
Valley National Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.10.
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] Institutonal Ownership Details
The top three institutional holders of VLY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in VLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in VLY stock with ownership which is approximately 5.1238%.
