A share price of Valley National Bancorp [VLY] is currently trading at $9.60, up 5.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The VLY shares have gain 0.95% over the last week, with a monthly amount glided 10.85%, 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 August 05, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $9.50 from $8. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on May 31, 2024, and kept the price target unchanged to $8. On March 08, 2024, Barclays initiated with a Underweight rating and assigned a price target of $8 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $9.50 on December 01, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $10 on October 30, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on September 27, 2023, and upped its price target to $8.50. In a note dated September 05, 2023, Hovde Group upgraded an Outperform rating on this stock but restated the target price of $11.50.
Valley National Bancorp experienced fluctuations in its stock price throughout the past year between $6.47 and $11.22. Currently, Wall Street analysts expect the stock to reach $11.25 within the next 12 months. Valley National Bancorp [NASDAQ: VLY] shares were valued at $9.60 at the most recent close of the market. An investor can expect a potential return of 17.19% based on the average VLY price forecast.
Analyzing the VLY fundamentals
Trailing Twelve Months sales for Valley National Bancorp [NASDAQ:VLY] were 3.50B which represents 3.61% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.21%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 9.12 points at the first support level, and at 8.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.96, and for the 2nd resistance point, it is at 10.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Valley National Bancorp [NASDAQ:VLY] is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 13.48.
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.
