At the time of writing, Valley National Bancorp [VLY] stock is trading at $10.14, down -0.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VLY shares have gain 0.90% over the last week, with a monthly amount glided 7.76%, 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 November 11, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $11 from $10.50. Previously, Barclays upgraded its rating to Equal Weight on October 31, 2024, and elevated its price target to $10. On August 05, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $9.50 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform but stick to its price target of $8 on May 31, 2024. Barclays initiated its recommendation with a Underweight and recommended $8 as its price target on March 08, 2024. Citigroup started tracking with a Neutral rating for this stock on December 01, 2023, and assigned it a price target of $9.50. In a note dated October 30, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $11 to $10.
For the past year, the stock price of Valley National Bancorp fluctuated between $6.47 and $11.22. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Valley National Bancorp [NASDAQ: VLY] shares were valued at $10.14 at the most recent close of the market. An investor can expect a potential return of 13.41% based on the average VLY price forecast.
Analyzing the VLY fundamentals
According to Valley National Bancorp [NASDAQ:VLY], the company’s sales were 3.55B for trailing twelve months, which represents an 5.89% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 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 0.49.
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 10.02 points at the first support level, and at 9.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.27, and for the 2nd resistance point, it is at 10.40.
Ratios To Look Out For
It is important to note that Valley National Bancorp [NASDAQ:VLY] has a current ratio of 0.11. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 16.30.
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.
