The closing price of Valley National Bancorp (NASDAQ: VLY) was $7.49 for the day, up 0.81% from the previous closing price of $7.43. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 3204685 shares were traded.
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Ratios:
Our analysis of VLY’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3.78B. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.91, and their Forward P/E ratio for the next fiscal year is 6.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 0.59.
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 8.93, while the 200-Day Moving Average is calculated to be 8.94.
Shares Statistics:
VLY traded an average of 6.13M shares per day over the past three months and 8.62M shares per day over the past ten days. A total of 507.71M shares are outstanding, with a floating share count of 428.13M. Insiders hold about 15.87% of the company’s shares, while institutions hold 61.55% stake in the company. Shares short for VLY as of Feb 29, 2024 were 33.81M with a Short Ratio of 5.52, compared to 23M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.64% and a Short% of Float of 9.19%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, VLY has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 5.92%, it implies a Forward Annual Dividend Yield of 5.92%. The stock’s 5-year Average Dividend Yield is 4.29. The current Payout Ratio is 46.45% for VLY, which recently paid a dividend on Apr 02, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on May 09, 2012 when the company split stock in a 105:100 ratio.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.21 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 $0.23, with high estimates of $0.25 and low estimates of $0.21.
Analysts are recommending an EPS of between $1.05 and $0.87 for the fiscal current year, implying an average EPS of $0.99. EPS for the following year is $1.2, with 13 analysts recommending between $1.28 and $1.11.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $483.77M to a low estimate of $452.9M. As of the current estimate, Valley National Bancorp’s year-ago sales were $520.3M, an estimated decrease of -11.70% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $477.69M, a decrease of -0.40% over than the figure of -$11.70% in the same quarter last year. There is a high estimate of $495.63M for the next quarter, whereas the lowest estimate is $470.59M.
A total of 11 analysts have provided revenue estimates for VLY’s current fiscal year. The highest revenue estimate was $2.01B, while the lowest revenue estimate was $1.91B, resulting in an average revenue estimate of $1.95B. In the same quarter a year ago, actual revenue was $1.89B, up 3.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.16B in the next fiscal year. The high estimate is $2.21B and the low estimate is $2.09B. The average revenue growth estimate for next year is up 10.70% from the average revenue estimate for this year.
