Recent exceptional negative changes in investment behavior have affected Valley National Bancorp (NASDAQ: VLY): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
Valley National Bancorp (NASDAQ: VLY) suffers from significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
VLY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Valley National Bancorp has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Valley National Bancorp has a very high Appreciation Score of 92 but a very low Power Rating of 8, and the Neutral Value Trend Rating results.
Recent Price Action
Valley National Bancorp (NASDAQ: VLY) stock declined by -2.6% on 8/9/24. The shares closed at $7.78. However, this decline was accompanied by unusually low trading volume at 62% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -2.0% during the last week.
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