Valley National Bancorp [VLY] stock is up 3.42 while the S&P 500 has fallen -0.15% on Thursday, 10/15/20. While at the time of this article, VLY ATR is sitting at 0.28, with the beta value at 1.32. This stock’s volatility for the past week remained at 3.44%, while it was 3.90% for the past 30-day period. VLY has risen $0.25 from the previous closing price of $7.32 on volume of 1.31 million shares.

On 24, September 2020, Valley National Bancorp to Announce Third Quarter 2020 Earnings. According to news published on Yahoo Finance, Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2020 earnings before the market opens on Thursday, October 22, 2020.

Analyst Birdseye View:

The most recent analyst activity for Valley National Bancorp [NASDAQ:VLY] stock was on February 04, 2020, when it was Upgrade with an Overweight rating from Stephens. Before that, on June 17, 2020, Citigroup Recapitulated a Sell rating and elevated its amount target to $7. On October 29, 2019, Stephens Resumed an Equal-weight rating. On October 11, 2019, RBC Capital Mkts Initiated an Outperform rating and increased its price target to $13. On June 18, 2018, Citigroup Initiated a Neutral rating and increased its price target to $14. On April 26, 2018, Sandler O’Neill Upgrade a Buy rating. On January 05, 2018, Piper Jaffray Upgrade an Overweight rating. Hovde Group elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.00 and a peak of $12.14. Right now, according to Wall Street analyst the average 12-month amount target is $9.18. At the most recent market close, shares of Valley National Bancorp [NASDAQ:VLY] were valued at $7.57. According to the average price forecast, investors can expect a potential return of 4.67%.

FUNDAMENTAL ANALYSIS

Valley National Bancorp [NASDAQ:VLY] most recently reported quarterly sales of 348.52 billion, which represented growth of 6.30%. This publicly-traded organization’s revenue is $485,499 per employee, while its income is $97,603 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.89, 8.01, 6.71 and 5.21 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 44.96 and the whole liability to whole assets at 9.55. It shows enduring liability to the whole principal at 30.77 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.32 points at 1st support level, the second support level is making up to 7.07. But as of 1st resistance point, this stock is sitting at 7.70 and at 7.83 for 2nd resistance point.

Valley National Bancorp [VLY] reported its earnings at $0.23 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.21/share signifying the difference of 0.02 and 9.50% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.21 calling estimates for $0.2/share with the difference of 0.01 depicting the surprise of 5.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.53, it’s amount to book ratio is 1.11 and showing 9.84 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Lynch Kevin J, Director, and it was the purchase of 6350.0 shares on Jun 09. CHILLURA JOSEPH, the SEVP, Chief Ret & Busn Bnkg Of, completed a sale of 45972.0 shares on Jun 05. On Jun 04, CHILLURA JOSEPH, SEVP, Chief Ret & Busn Bnkg Of, completed a sale of 53875.0 shares.