While Valley National Bancorp has underperformed by -2.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VLY fell by -30.15%, with highs and lows ranging from $11.86 to $6.39, whereas the simple moving average fell by -7.67% in the last 200 days.
On December 01, 2023, Citigroup started tracking Valley National Bancorp (NASDAQ: VLY) recommending Neutral. A report published by JP Morgan on October 30, 2023, Downgraded its rating to ‘Neutral’ for VLY. Morgan Stanley also Downgraded VLY shares as ‘Underweight’, setting a target price of $8.50 on the company’s shares in a report dated September 27, 2023. Hovde Group August 01, 2023d its ‘Outperform’ rating to ‘Market Perform’ for VLY, as published in its report on August 01, 2023. Piper Sandler’s report from July 28, 2023 suggests a price prediction of $11 for VLY shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Valley National Bancorp (VLY)
VLY currently pays a dividend of $0.44 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 24.55%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Valley National Bancorp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 7.61% is sufficient for you to turn a profit off your investment.
An average volume of 4.95M can be a very valuable indicator of volatility for VLY stock. On a monthly basis, the volatility of the stock is set at 5.85%, whereas on a weekly basis, it is put at 2.96%, with a loss of -3.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.32, showing growth from the present price of $8.20, which can serve as yet another indication of whether VLY is worth investing in or should be passed over.
How Do You Analyze Valley National Bancorp Shares?
The USA based company Valley National Bancorp (VLY) is one of the biggest names in Banks – Regional. When comparing Valley National Bancorp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.68, there is a growth in quarterly earnings of -61.94%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.88%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VLY shares are owned by institutional investors to the tune of 61.61% at present.
