Valley National Bancorp (NASDAQ: VLY) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 507.71M common shares owned by the public and among those 428.13M shares have been available to trade.

The company’s stock has a 5-day price change of 1.16% and -28.69% over the past three months. VLY shares are trading -27.44% year to date (YTD), with the 12-month market performance down to -18.34% lower. It has a 12-month low price of $6.39 and touched a high of $11.22 over the same period. VLY has an average intraday trading volume of 6.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.64%, -8.15%, and -11.65% respectively.

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Institutional ownership of Valley National Bancorp (NASDAQ: VLY) shares accounts for 61.54% of the company’s 507.71M shares outstanding.

It has a market capitalization of $4.01B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 8.32, while the earnings-per-share (ttm) stands at $0.95. The company has a PEG of 1.66 and the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.46% over the week and 5.28% over the month.

Analysts forecast that Valley National Bancorp (VLY) will achieve an EPS of $0.21 for the current quarter, $0.23 for the next quarter and $1.2 for 2025. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.50%, and 21.72% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to 4.85% over the past 5-year period.

Looking at the support for the VLY, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on March 08, 2024, with the firm’s price target at $8. Citigroup coverage for the Valley National Bancorp (VLY) stock in a research note released on December 01, 2023 offered a Neutral rating with a price target of $9.50. JP Morgan was of a view on October 30, 2023 that the stock is Neutral, while Morgan Stanley gave the stock Underweight rating on September 27, 2023, issuing a price target of $8- $8.50. Hovde Group on their part issued Outperform rating on September 05, 2023.

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