While Valley National Bancorp has underperformed by -1.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VLY rose by 8.16%, with highs and lows ranging from $11.22 to $6.47, whereas the simple moving average jumped by 6.57% in the last 200 days.
On August 05, 2024, Morgan Stanley Upgraded Valley National Bancorp (NASDAQ: VLY) to Equal-Weight. A report published by Keefe Bruyette on May 31, 2024, Downgraded its rating to ‘Mkt Perform’ for VLY. Barclays also rated VLY shares as ‘Underweight’, setting a target price of $8 on the company’s shares in an initiating report dated March 08, 2024. Citigroup Initiated an Neutral rating on December 01, 2023, and assigned a price target of $9.50. JP Morgan October 30, 2023d its ‘Overweight’ rating to ‘Neutral’ for VLY, as published in its report on October 30, 2023. Morgan Stanley’s report from September 27, 2023 suggests a price prediction of $8.50 for VLY shares, giving the stock a ‘Underweight’ rating. Hovde Group also rated the stock as ‘Outperform’.
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
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 3.61%, 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 5.70% is sufficient for you to turn a profit off your investment.
An average volume of 6.20M can be a very valuable indicator of volatility for VLY stock. On a monthly basis, the volatility of the stock is set at 3.41%, whereas on a weekly basis, it is put at 2.39%, with a gain of 0.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.30, showing growth from the present price of $8.75, 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 12.29, there is a growth in quarterly earnings of -51.04%.
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 1.69%. 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 66.65% 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 66.65% at present.
