Checking the Overall Picture for Valley National Bancorp (VLY)

Valley National Bancorp (VLY) is an interesting player in the Financial space, with a focus on Regional – Northeast Banks. The stock has been active on the tape, currently trading at $12.19, up from yesterday’s close by 0.83%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Valley National Bancorp (VLY) currently trades with a market capitalization of $4.09 Billion. That value represents a market adjusting for revenues that have been growing by 9.65 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $231.55 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.21 on a per share basis this quarter. Perhaps, that suggests something about why 1.72% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Valley National Bancorp recorded a 52-week high of $13.38. It is now trading 1.19% off that level. The stock is trading $12.59 its 50-day moving average by 0.4%. The stock carved out a 52-week low down at $10.61.

In recent action, Valley National Bancorp (VLY) has made a move of -6.95% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.45% with $319.55 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of VLY.

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