While Valley National Bancorp has underperformed by -0.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VLY rose by 17.09%, with highs and lows ranging from $11.22 to $6.47, whereas the simple moving average jumped by 25.54% in the last 200 days.
On November 11, 2024, JP Morgan Upgraded Valley National Bancorp (NASDAQ: VLY) to Overweight. A report published by Barclays on October 31, 2024, Upgraded its rating to ‘Equal Weight’ for VLY. Morgan Stanley also Upgraded VLY shares as ‘Equal-Weight’, setting a target price of $9.50 on the company’s shares in a report dated August 05, 2024. Barclays initiated its ‘Underweight’ rating for VLY, as published in its report on March 08, 2024. Citigroup’s report from December 01, 2023 suggests a price prediction of $9.50 for VLY shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Valley National Bancorp (VLY)
Investors in Valley National Bancorp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.44 per share. Further, the quarter-over-quarter increase in sales is 5.89%, showing a positive trend in the upcoming months.
One of the most important indicators of Valley National Bancorp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.94% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and VLY is recording 6.55M average volume. On a monthly basis, the volatility of the stock is set at 3.43%, whereas on a weekly basis, it is put at 3.50%, with a gain of 0.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.60, showing growth from the present price of $10.14, 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 Banks – Regional market is dominated by Valley National Bancorp (VLY) 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 16.30, there is a growth in quarterly earnings of -33.43%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 65.32% 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 65.32% at present.
