Valley National Bancorp (VLY)’s Guidance Implications

Wall Street analysts will be watching closely when Valley National Bancorp (NASDAQ:VLY) reports its quarterly earnings next, which is scheduled for Thu 31 Jan (In 18 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.24 per share. In the preceding quarter, the company reportedly generated EPS of $0.21 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 73.20%, a profit margin of 18.60% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Valley National Bancorp (NASDAQ:VLY). Most recently, on June 18th, 2018, Citigroup Initiated a Neutral rating. Before that, on April 26th, 2018, Sandler O’Neill Upgrade to Buy. Piper Jaffray Upgrade a Overweight rating on January 5th, 2018, Hovde Group Upgrade an Outperform rating on July 31st, 2017, and Keefe Bruyette Upgrade a Outperform rating on July 27th, 2017.

At its current price point, combined with the fact that this company has 329.81M shares outstanding, the current market capitalization sits at 3.25B. In the last trading day, 1,294,752 shares of Valley National Bancorp were traded, which compares to its usual volume of about 2.72M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.52 in the past five trading days, resulting in a percentage change of +5.57% and a moving average of 9.75. In the past 20 days, its price changed by $0.03 (which is +0.31%) and the stock’s moving average was 9.18. Looking back a full 50 days, shares of VLY changed by -$0.31 (which is -3.05%) and demonstrated a moving average of 9.75.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 94.74%, a 14-day Stochastic %K score of 95.74% and a 20-day Stochastic %K score of 93.25%. Using a similar metric, Valley National Bancorp (VLY) shares showed a Stochastic %D of 96.41% over the past 9 days, a Stochastic %D score of 96.98% over the last 14 days, and a 20-day Stochastic %D of 84.99%. Meanwhile, this stock’s MACD Oscillator was 0.40 over the past 9 days, 0.65 over the past two weeks, and 0.66 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $9.85 level. Over the past 12 months, this stock has experienced a high price of $13.38 and a low of $8.42. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

BlackRock Fund Advisors purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Valley National Bancorp (NASDAQ:VLY) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 39,577,189 shares of the company’s stock following the addition of 3,958,809 to this investor’s holdings during the three-month period. This share count represents that BlackRock Fund Advisors now held 11.94% stake in Valley National Bancorp (VLY)’s shares.

Just in the most recent trading day, Valley National Bancorp (NASDAQ:VLY) experienced a high price of $9.91 and low point of $9.71. At the end of the last trading session, this stock was at 9.85 per share, following a loss of -$0.05, or 0.51% during the full day.