Check Out Valley National Bancorp (VLY)’s Trade Data Rather Than the Analysts’ Views

Valley National Bancorp (NASDAQ: VLY) stock fell -1.51% on Friday to $11.72 against a previous-day closing price of $11.90. With 1.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.13 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $12.08 whereas the lowest price it dropped to was $11.70. The 52-week range on VLY shows that it touched its highest point at $15.10 and its lowest point at $10.01 during that stretch. It currently has a 1-year price target of $14.45. With its current market cap of 6.00 billion, VLY has annualized dividend of $0.44 while the current yield stands at 3.75%. Beta for the stock currently stands at 1.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VLY was up-trending over the past week, with a rise of 0.43%, but this was down by -5.02% over a month. Three-month performance surged to 10.46% while six-month performance fell -14.01%. The stock lost -0.68% in the past year, while it has lost -14.76% so far this year. A look at the trailing 12-month EPS for VLY yields 1.01 with Next year EPS estimates of 1.48. For the next quarter, that number is 0.34. This implies an EPS growth rate of 20.50% for this year and 14.71% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.30%.

Float and Shares Shorts:

At present, 506.30 million VLY shares are outstanding with a float of 499.29 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.74 million, which was 2.52% higher than short shares on Jun 14, 2022. In addition to Mr. Ira D. Robbins as the firm’s Chairman & CEO, Mr. Thomas A. Iadanza serves as its Pres & Chief Banking Officer.

Institutional Ownership:

Through their ownership of 69.05% of VLY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.69% of VLY, in contrast to 3.82% held by mutual funds. Shares owned by individuals account for 16.14%. As the largest shareholder in VLY with 10.83% of the stake, BlackRock Fund Advisors holds 54,855,526 shares worth 54,855,526. A second-largest stockholder of VLY, The Vanguard Group, Inc., holds 42,455,774 shares, controlling over 8.39% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in VLY, holding 20,222,184 shares or 3.99% stake. With a 2.53% stake in VLY, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 12,784,726 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.44% of VLY stock, is the second-largest Mutual Fund holder. It holds 12,364,935 shares valued at 143.68 million. Vanguard Small Cap Index Fund holds 2.15% of the stake in VLY, owning 10,887,048 shares worth 126.51 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLY since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VLY analysts setting a high price target of $16.50 and a low target of $12.50, the average target price over the next 12 months is $14.45. Based on these targets, VLY could surge 40.78% to reach the target high and rise by 6.66% to reach the target low. Reaching the average price target will result in a growth of 23.29% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VLY will report FY 2022 earnings on 01/26/2023. Analysts have provided yearly estimates in a range of $1.36 being high and $1.24 being low. For VLY, this leads to a yearly average estimate of $1.29. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Valley National Bancorp surprised analysts by $0.03 when it reported $0.32 EPS against a consensus estimate of $0.29. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.34.

Dividends & Yield:

In terms of dividends, VLY has a current ratio of $0.44, which is $0.44 over the trailing 12-months, while a dividend of $0.44 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and VLY currently yields $3.75. In the past year, VLY’s dividend yield has been $3.75, but when looking at the stock over the past five years, its yield has been $4.05. Accordingly, VLY has a current buyback yield of $0.71. This was $0.71 for the TTM.

Summary of Insider Activity:

Insiders traded VLY stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 4,490 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 1,178,122 while 599,261 shares were sold.

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