Valley National Bancorp [VLY] stock is trading at $8.00, up 2.96%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VLY shares have gain 5.12% over the last week, with a monthly amount glided 0.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Valley National Bancorp [NASDAQ: VLY] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $8. Previously, Citigroup started tracking the stock with Neutral rating on December 01, 2023, and set its price target to $9.50. On October 30, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. Morgan Stanley downgraded its rating to a Underweight and increased its price target to $8.50 on September 27, 2023. Hovde Group upgraded its rating to a Outperform but $11.50 remained the price target by the analyst firm on September 05, 2023. Hovde Group downgraded its rating to Market Perform for this stock on August 01, 2023, but kept the price target unchanged to $11. In a note dated July 28, 2023, Piper Sandler downgraded an Neutral rating on this stock and boosted its target price from $10 to $11.
Valley National Bancorp [VLY] stock has fluctuated between $6.39 and $11.22 over the past year. Currently, Wall Street analysts expect the stock to reach $11.88 within the next 12 months. Valley National Bancorp [NASDAQ: VLY] shares were valued at $8.00 at the most recent close of the market. An investor can expect a potential return of 48.5% based on the average VLY price forecast.
Analyzing the VLY fundamentals
Valley National Bancorp [NASDAQ:VLY] reported sales of 3.36B for the trailing twelve months, which represents a growth of 24.55%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.82 points at the first support level, and at 7.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.11, and for the 2nd resistance point, it is at 8.21.
Ratios To Look Out For
For context, Valley National Bancorp’s Current Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 0.63 and price to earnings (TTM) ratio is 8.45.
Transactions by insiders
Recent insider trading involved CHILLURA JOSEPH, SEVP, CML Banking President, that happened on Mar 11 ’24 when 49715.0 shares were sold. Director, WILLIAMS SIDNEY S completed a deal on Jan 29 ’24 to buy 673.0 shares. Meanwhile, SEVP, Chief Customer Officer CHILLURA JOSEPH sold 50000.0 shares on Dec 08 ’23.
