Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Valley National Bancorp (NASDAQ: VLY) closed at $7.12 down -2.73% from its previous closing price of $7.32. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 6.62 million shares were traded. VLY stock price reached its highest trading level at $7.41 during the session, while it also had its lowest trading level at $7.08.
Ratios:
For a deeper understanding of Valley National Bancorp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.55.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 3725098496 and an Enterprise Value of 6679851520. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.40, and their Forward P/E ratio for the next fiscal year is 6.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 3.805.
Stock Price History:
The Beta on a monthly basis for VLY is 1.10, which has changed by -0.024657547 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -9.04%, while the 200-Day Moving Average is calculated to be -19.85%.
Shares Statistics:
For the past three months, VLY has traded an average of 7.15M shares per day and 6588810 over the past ten days. 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 61.32% stake in the company. Shares short for VLY as of 1713139200 were 39319921 with a Short Ratio of 5.50, compared to 1710460800 on 39603294. Therefore, it implies a Short% of Shares Outstanding of 39319921 and a Short% of Float of 10.780000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for VLY is 0.44, from 0.44 in the trailing year. Against a Trailing Annual Dividend Yield of 0.060109288The stock’s 5-year Average Dividend Yield is 4.3. The current Payout Ratio is 46.45% for VLY, which recently paid a dividend on 2024-03-13 with an ex-dividend date of 1710288000. Stock splits for the company last occurred on 2012-05-09 when the company split stock in a 105:100 ratio.
Earnings Estimates
Valley National Bancorp (VLY) is presently subject to a detailed evaluation by 13.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.19, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.24, with high estimates of $0.28 and low estimates of $0.2.
Analysts are recommending an EPS of between $1.04 and $0.78 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $1.12, with 13.0 analysts recommending between $1.22 and $1.0.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $469.3M this quarter.It ranges from a high estimate of $495.63M to a low estimate of $453.45M. As of the current estimate, Valley National Bancorp’s year-ago sales were $479.84MFor the next quarter, 9 analysts are estimating revenue of $488.44M. There is a high estimate of $507.76M for the next quarter, whereas the lowest estimate is $465.46M.
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 $1.85B, resulting in an average revenue estimate of $1.92B. In the same quarter a year ago, actual revenue was $1.89BBased on 10 analysts’ estimates, the company’s revenue will be $2.12B in the next fiscal year. The high estimate is $2.19B and the low estimate is $2.02B.
