Economy

Valley National Bancorp (NYSE:VLY) stock to follow

Valley National Bancorp has a 12 month low of $9.23 and a 12 month high of $12.82. Therefore 33% are positive. Finally, Piper Jaffray Companies restated a "neutral" rating and set a $13.00 price target (up from $12.00) on shares of Valley National Bancorp in a report on Wednesday, August 9th. That suggests something of the likelihood of a short squeeze in shares of VLY. Zacks Investment Research raised Valley National Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, August 1st. As per Monday, November 14, the company rating was downgraded by Sandler O'Neill.

Valley National Bancorp (NYSE:VLY) had an increase of 2.07% in short interest. The firm earned "Buy" rating on Tuesday, September 8 by SunTrust. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Monday, August 28 report. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by Wood on Thursday, July 27 to "Outperform". Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The Firm provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company. Now has a PEG ratio of 8.37 where as its P/E ratio is 21.17. The Company's segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The stock showed monthly performance of 0.27%. About 4.64M shares traded or 169.77% up from the average. That's a potential 18.06 gain from where (NYSE:VLY) has been trading recently. It has outperformed by 8.14% the S&P500. It tells an investor how quickly a company is increasing its revenues.

Since May 1, 2017, it had 0 insider purchases, and 7 sales for $17.28 million activity. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters. 122 funds opened positions while 614 raised stakes. 150.30 million shares or 10.48% more from 136.05 million shares in 2016Q3 were reported.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 3 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Wespac Advisors Limited Liability holds 5,609 shares. The stock declined 0.11% or $0.1 reaching $93.17 per share. Fincl Corporation holds 665 shares. Kelly Lawrence W Associate Ca reported 41,907 shares stake. Paradigm Capital Management Ny stated it has 3,600 shares.

(NYSE:VLY) shares saw heavy trading volume with 4,540K shares changing hands in the last trading session. The company now has Return on Equity of 8.10%. First Manhattan holds 0.01% or 89,175 shares in its portfolio.

Investors sentiment increased to 1.13 in 2016 Q4. Its up 0.09, from 1.04 in 2016Q3. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace. Moreover, Madison Inv has 0.82% invested in Visa Inc (NYSE:V) for 539,507 shares. Comerica State Bank accumulated 187,346 shares. Sentry Invests has invested 0.87% of its portfolio in Visa Inc (NYSE:V). Aristotle Capital Management Limited Liability stated it has 2,700 shares. Meiji Yasuda Life Insurance reported 56,934 shares stake. About 3.72 million shares traded. Fiera Corp holds 324,622 shares. Institutional investors and hedge funds own 61.89% of the company's stock. Stevens Cap Mgmt Lp has 98,013 shares. Equities research analysts predict that Valley National Bancorp will post $0.71 earnings per share for the current fiscal year. V's profit will be $1.94 billion for 30.97 P/E if the $0.85 EPS becomes a reality. A month ago, analyst EPS consensus estimated earnings of US$0.18 per share. Engineers Gate Manager Lp controls 137,759 shares with a value of $1,627,000. Cincinnati Finl Corp (NASDAQ:CINF) was raised too.

Among 23 analysts covering Proctor & Gamble (NYSE:PG), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 84% are positive. Wedbush upgraded the shares of V in report on Friday, January 20 to "Outperform" rating. The rating was maintained by FBR Capital on Friday, July 24 with "Mkt Perform".

The collective rating of 2.9 for Depomed, Inc. On Friday, August 14 the stock rating was maintained by JP Morgan with "Overweight". UBS upgraded the shares of PG in report on Thursday, July 14 to "Buy" rating. The stock has "Neutral" rating by B. Riley & Co on Monday, October 26. The firm has "Hold" rating given on Wednesday, December 21 by Stifel Nicolaus.

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