Valley National Bancorp (NASDAQ: VLY) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for Valley National Bancorp (NASDAQ: VLY): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
VLY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Valley National Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Valley National Bancorp has a good Power Rating of 79 and a good Appreciation Score of 82, and the Highest Value Trend Rating results.
Recent Price Action
Valley National Bancorp (NASDAQ: VLY) stock closed at $10.38 on 1/3/24 after a decline of -3.8%. NORMAL trading volume accompanied the decline. The stock has declined -4.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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