Valley National Bancorp (NASDAQ:VLY) shares traded lower over the last trading session, losing -1.81% on 06/09/21. The shares fell to a low of $14.105 before closing at $14.13. Intraday shares traded counted 1.53 million, which was 40.3% higher than its 30-day average trading volume of 2.57M. VLY’s previous close was $14.39 while the outstanding shares total 405.15M. The firm has a beta of 1.30, a 12-month trailing P/E ratio of 14.10, and a growth ratio of 2.82. The stock’s Relative Strength Index (RSI) is 48.29, with weekly volatility at 1.67% and ATR at 0.34. The VLY stock’s 52-week price range has touched low of $6.50 and a $14.74 high.
Investors have identified the Banks – Regional company Valley National Bancorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.76 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Valley National Bancorp (VLY) Fundamentals that are to be considered.
VLY were able to record 305.36 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 304.63 million. In cash movements, the company had a total of 313.4 million as operating cash flow.
Potential earnings growth for Valley National Bancorp (VLY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Valley National Bancorp recorded a total of 331.8 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -9.64% coming in sequential stages and their sales for the 07/29/2021 quarter reducing by -0.68%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 39.13 million trying to sell their products during the last quarter, with the result yielding a gross income of 292.67 million. This allows shareholders to hold on to 405.15M with the recently reported earning now reading 0.28 cents per share. This is a figure that compared to analystâ€™s prediction for their 07/29/2021 (0.28 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 1.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VLY sounds very interesting.
Is the stock of VLY attractive?
In related news, Director, Lynch Kevin J sold 300,000 shares of the companyâ€™s stock in a transaction that recorded on Jan 15. The sale was performed at an average price of 10.66, for a total value of 3,198,000. As the sale deal closes, the Director, Lynch Kevin J now sold 300,000 shares of the companyâ€™s stock, valued at 3,282,000. Also, Director, JONES GRAHAM O sold 5,775 shares of the companyâ€™s stock in a deal that was recorded on Dec 08. The shares were price at an average price of 9.67 per share, with a total market value of 55,870. Following this completion of acquisition, the Director, WILLIAMS SIDNEY S now holds 135 shares of the companyâ€™s stock, valued at 1,025. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
5 out of 10 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Valley National Bancorp. 1 analysts has assigned a Sell rating on the VLY stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $14.92.