Valley National Bancorp [NASDAQ: VLY] gained 1.51% on the last trading session, reaching $8.75 price per share at the time.
If compared to the average trading volume of 7.15M shares, VLY reached a trading volume of 7524816 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 2.27. 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 0.31, with the Price to Sales ratio for VLY stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.67.
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 -3.31. With this latest performance, VLY shares dropped by -15.62% in over the last four-week period, additionally plugging by 18.89% over the last 6 months – not to mention a drop of -17.30% 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 33.02, with the RSI for the last a single of trading hit 31.52, and the three-weeks RSI is set at 36.58 for Valley National Bancorp [VLY]. The present Moving Average for the last 50 days of trading for this stock 9.83, while it was recorded at 8.86 for the last single week of trading, and 8.40 for the last 200 days.
Valley National Bancorp [VLY]: A deeper dive into fundamental analysis
Valley National Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.11.
An analysis of Institutional ownership at Valley National Bancorp [VLY]
There are presently around $73.12%, or 74.14%% 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%.
