While Valley National Bancorp has underperformed by -1.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VLY fell by -20.40%, with highs and lows ranging from $11.32 to $6.39, whereas the simple moving average fell by -10.45% in the last 200 days.
On March 08, 2024, Barclays started tracking Valley National Bancorp (NASDAQ: VLY) recommending Underweight. A report published by Citigroup on December 01, 2023, Initiated its previous ‘Neutral’ rating for VLY. JP Morgan also Downgraded VLY shares as ‘Neutral’, setting a target price of $10 on the company’s shares in a report dated October 30, 2023. Morgan Stanley September 27, 2023d the rating to Underweight on September 27, 2023, and set its price target from $8 to $8.50. Hovde Group September 05, 2023d its ‘Market Perform’ rating to ‘Outperform’ for VLY, as published in its report on September 05, 2023. Hovde Group’s report from August 01, 2023 suggests a price prediction of $11 for VLY shares, giving the stock a ‘Market Perform’ rating. Piper Sandler also rated the stock as ‘Neutral’.
Analysis of Valley National Bancorp (VLY)
A return on investment can be expected regardless of VLY’s performance over the next quarter with the dividend set at $0.44 per share. Further, the quarter-over-quarter increase in sales is 24.55%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Valley National Bancorp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VLY is recording an average volume of 6.06M. On a monthly basis, the volatility of the stock is set at 5.11%, whereas on a weekly basis, it is put at 7.65%, with a gain of 1.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.96, showing growth from the present price of $8.00, 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?
A leading company in the Banks – Regional sector, Valley National Bancorp (VLY) is based in the USA. 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 8.45, there is a growth in quarterly earnings of -61.27%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 61.50% 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 61.50% at present.
