Valley National Bancorp [NASDAQ: VLY] stock went on an upward path that rose over 1.32% on Tuesday, amounting to a one-week price decrease of less than -6.96%.
Over the last 12 months, VLY stock dropped by -15.40%. The one-year Valley National Bancorp stock forecast points to a potential upside of 17.59. The average equity rating for VLY stock is currently 2.27, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $5.22 billion, with 558.57 million shares outstanding and 549.93 million shares in the current float. Compared to the average trading volume of 6.63M shares, VLY stock reached a trading volume of 3854533 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 $11.20 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 2.27. 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.
JP Morgan have made an estimate for Valley National Bancorp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, Barclays dropped their target price from $9 to $10. The new note on the price target was released on October 31, 2024, representing the official price target for Valley National Bancorp stock. Previously, the target price had yet another raise from $8 to $9.50, while Morgan Stanley kept a Equal-Weight rating on VLY stock.
The Average True Range (ATR) for Valley National Bancorp is set at 0.33, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 0.71.
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 -6.96. With this latest performance, VLY shares dropped by -12.59% in over the last four-week period, additionally plugging by 39.64% over the last 6 months – not to mention a drop of -15.40% 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 34.18, with the RSI for the last a single of trading hit 29.00, and the three-weeks RSI is set at 39.60 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 9.91, while it was recorded at 9.15 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 0.11.
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
There are presently around $73.08%, or 74.09%% 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%.
