Valley National Bancorp (NASDAQ: VLY) has reported E.P.S. of $0.18 for its first fiscal quarter (ending March 31) versus $0.28 for the same period a year ago. E.P.S. were $0.85 for the latest four quarters through March 31 versus $1.15 for the same period a year ago.
Recent Price Action
On 4/25/24, Valley National Bancorp (NASDAQ: VLY) stock declined slightly by -0.9%, closing at $7.77. Moreover, trading volume in this decline was unusually high at 167% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, VLY is expected to continue to be a Value Builder.
Valley National Bancorp has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Valley National Bancorp has a very high Appreciation Score of 92 but a slightly negative Power Rating of 37, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment