In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $7.86 in the prior trading day, Valley National Bancorp (NASDAQ: VLY) closed at $7.90, up 0.51%. In other words, the price has increased by $0.51 from its previous closing price. On the day, 9.74 million shares were traded. VLY stock price reached its highest trading level at $8.18 during the session, while it also had its lowest trading level at $7.82.
Ratios:
Our goal is to gain a better understanding of VLY by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Underweight rating and assigned the stock a target price of $8.
On December 01, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $9.50.
JP Morgan Downgraded its Overweight to Neutral on October 30, 2023, whereas the target price for the stock was revised from $11 to $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when CHILLURA JOSEPH sold 49,715 shares for $8.18 per share. The transaction valued at 406,669 led to the insider holds 545,249 shares of the business.
WILLIAMS SIDNEY S bought 673 shares of VLY for $6,979 on Jan 29 ’24. The Director now owns 21,605 shares after completing the transaction at $10.37 per share. On Dec 08 ’23, another insider, CHILLURA JOSEPH, who serves as the SEVP, Chief Customer Officer of the company, sold 50,000 shares for $9.95 each. As a result, the insider received 497,500 and left with 541,235 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VLY now has a Market Capitalization of 4020254720 and an Enterprise Value of 7063655936. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.34, and their Forward P/E ratio for the next fiscal year is 6.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 3.875.
Stock Price History:
Over the past 52 weeks, VLY has reached a high of $11.22, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 0.16%, while the 200-Day Moving Average is calculated to be -11.12%.
Shares Statistics:
The stock has traded on average 6.88M shares per day over the past 3-months and 5692490 shares per day over the last 10 days, according to various share statistics. A total of 507.71M shares are outstanding, with a floating share count of 428.34M. Insiders hold about 15.83% of the company’s shares, while institutions hold 61.38% stake in the company. Shares short for VLY as of 1711584000 were 39704300 with a Short Ratio of 5.78, compared to 1709164800 on 33813107. Therefore, it implies a Short% of Shares Outstanding of 39704300 and a Short% of Float of 10.89.
Dividends & Splits
In the trailing 12 months, VLY’s forward annual dividend rate was 0.44, compared to 0.44 this year. Against a Trailing Annual Dividend Yield of 0.055979643The stock’s 5-year Average Dividend Yield is 4.3.
Earnings Estimates
The current rating of Valley National Bancorp (VLY) is the result of assessments by 13.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.18, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.22, with high estimates of $0.25 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.04 and $0.77 for the fiscal current year, implying an average EPS of $0.95. EPS for the following year is $1.18, with 13.0 analysts recommending between $1.27 and $1.12.
Revenue Estimates
9 analysts predict $455.12M in revenue for the current quarter. It ranges from a high estimate of $483.77M to a low estimate of $445.2M. As of the current estimate, Valley National Bancorp’s year-ago sales were $520.3MFor the next quarter, 9 analysts are estimating revenue of $472.8M. There is a high estimate of $495.63M for the next quarter, whereas the lowest estimate is $457.7M.
A total of 11 analysts have provided revenue estimates for VLY’s current fiscal year. The highest revenue estimate was $2B, while the lowest revenue estimate was $1.89B, resulting in an average revenue estimate of $1.93B. In the same quarter a year ago, actual revenue was $1.89BBased on 10 analysts’ estimates, the company’s revenue will be $2.13B in the next fiscal year. The high estimate is $2.19B and the low estimate is $2.09B.
