Valley National Bancorp [VLY] stock prices are up 2.44% to $8.40 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The VLY shares have gain 7.28% over the last week, with a monthly amount glided 21.92%, and seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Valley National Bancorp [NASDAQ: VLY] stock has seen the most recent analyst activity on May 31, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform but kept the price target unchanged to $8 for it. Previously, Barclays started tracking the stock with Underweight rating on March 08, 2024, and set its price target to $8. On December 01, 2023, Citigroup initiated with a Neutral rating and assigned a price target of $9.50 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $10 on October 30, 2023. Morgan Stanley downgraded its rating to a Underweight and raised its price target to $8.50 on September 27, 2023. Hovde Group upgraded its rating to Outperform for this stock on September 05, 2023, but kept the price target unchanged to $11.50. In a note dated August 01, 2023, Hovde Group downgraded an Market Perform rating on this stock but restated the target price of $11.
The stock price of Valley National Bancorp [VLY] has been fluctuating between $6.47 and $11.22 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Valley National Bancorp [NASDAQ: VLY] shares were valued at $8.40 at the most recent close of the market. An investor can expect a potential return of 30.95% based on the average VLY price forecast.
Analyzing the VLY fundamentals
The Valley National Bancorp [NASDAQ:VLY] reported sales of 3.51B for trailing twelve months, representing a surge of 4.03%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01. 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 8.07 points at the first support level, and at 7.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.68, and for the 2nd resistance point, it is at 8.96.
Ratios To Look Out For
It’s worth pointing out that Valley National Bancorp [NASDAQ:VLY]’s Current Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 11.79.
Transactions by insiders
Recent insider trading involved CHILLURA JOSEPH, SEVP, CML Banking President, that happened on Jun 14 ’24 when 10000.0 shares were sold. Director, WILLIAMS SIDNEY S completed a deal on Jun 10 ’24 to buy 742.0 shares. Meanwhile, SEVP, CML Banking President CHILLURA JOSEPH sold 25000.0 shares on May 23 ’24.
