Valley National Bancorp (NASDAQ: VLY) has reported earnings for its third fiscal quarter (ending September 30) of $0.18 versus $0.27 for the same period a year ago — a decline of -33%. For the latest four quarters through September 30, E.P.S. were $0.62 versus $1.16 for the same period a year ago — a decline of -47%.
Recent Price Action
Valley National Bancorp (NASDAQ: VLY) stock enjoyed a very large increase of 5.3% on 10/24/24. The shares closed at $9.60. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. The stock has performed in line with the market over the last nine months and has risen 2.0% during the last week.
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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Valley National Bancorp has a neutral Power Rating of 56 but a very high Appreciation Score of 90, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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