Valley National Bancorp [NASDAQ: VLY] plunged by -$0.07 during the normal trading session on while it closed the day at $8.38.
Valley National Bancorp stock has also loss -2.10% of its value over the past 7 days. However, VLY stock has inclined by 23.60% in the 3 months of the year. Over the past six months meanwhile, it has gained 6.48% and lost -22.84% year-on date.
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The market cap for VLY stock reached $4.27 billion, with 507.71 million shares outstanding and 500.64 million shares in the current float. Compared to the average trading volume of 5.89M shares, VLY reached a trading volume of 2705973 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $8.85 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 2.64. 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.
Morgan Stanley have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 05, 2024. The new note on the price target was released on May 31, 2024, representing the official price target for Valley National Bancorp stock. Previously, the target price had yet another raise to $8, while Barclays analysts kept a Underweight rating on VLY stock.
The Average True Range (ATR) for Valley National Bancorp is set at 0.32, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 0.65. Price to Free Cash Flow for VLY in the course of the last twelve months was 11.86.
VLY stock trade performance evaluation
Valley National Bancorp [VLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.10. With this latest performance, VLY shares gained by 6.21% in over the last four-week period, additionally plugging by 6.48% over the last 6 months – not to mention a drop of -11.23% 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 53.45, with the RSI for the last a single of trading hit 49.90, and the three-weeks RSI is set at 54.75 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 7.82, while it was recorded at 8.54 for the last single week of trading, and 8.33 for the last 200 days.
Valley National Bancorp [VLY]: An insightful look at the core fundamentals
Valley National Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.11.
Earnings per share (EPS) analysis for Valley National Bancorp [VLY] stock
With the latest financial reports released by the company, Valley National Bancorp posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. 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]: Institutional Ownership
There are presently around $81.39%, or 82.62%% of VLY stock, in the hands of institutional investors. The top three institutional holders of VLY stocks are: BLACKROCK INC. with ownership of 71.14 million shares, which is approximately 13.9943%. VANGUARD GROUP INC, holding 45.55 million shares of the stock with an approximate value of $$317.93 million in VLY stocks shares; and VANGUARD GROUP INC, currently with $$187.85 million in VLY stock with ownership which is approximately 5.2216%.
