Barclays Issues Positive Forecast for Valley National Bancorp (NASDAQ:VLY) Stock Price

Valley National Bancorp (NASDAQ:VLY) had its price target raised by equities researchers at Barclays from $13.00 to $14.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 12.12% from the stock’s current price.

A number of other research firms have also recently commented on VLY. Hovde Group increased their target price on shares of Valley National Bancorp from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group initiated coverage on Valley National Bancorp in a research report on Monday, December 15th. They set a “buy” rating and a $15.00 price target on the stock. TD Cowen reissued a “buy” rating on shares of Valley National Bancorp in a research report on Friday. Raymond James Financial upgraded Valley National Bancorp from a “market perform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Friday. Finally, Keefe, Bruyette & Woods increased their price target on Valley National Bancorp from $12.50 to $13.00 and gave the company a “market perform” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.13.

Valley National Bancorp Stock Down 1.4%

Shares of NASDAQ:VLY traded down $0.18 on Friday, reaching $12.49. The company had a trading volume of 3,360,141 shares, compared to its average volume of 7,248,030. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.96 billion, a PE ratio of 14.18 and a beta of 1.09. Valley National Bancorp has a 52-week low of $7.48 and a 52-week high of $12.97. The firm’s 50 day simple moving average is $11.81 and its 200-day simple moving average is $10.83.

Valley National Bancorp (NASDAQ:VLY) last announced its earnings results on Thursday, January 29th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $541.25 million during the quarter, compared to the consensus estimate of $524.31 million. Valley National Bancorp had a net margin of 14.86% and a return on equity of 6.67%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, analysts expect that Valley National Bancorp will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Azora Capital LP purchased a new position in Valley National Bancorp in the 3rd quarter valued at $103,120,000. UBS Group AG raised its position in shares of Valley National Bancorp by 404.7% in the third quarter. UBS Group AG now owns 5,867,611 shares of the company’s stock valued at $62,197,000 after buying an additional 4,704,971 shares during the last quarter. Norges Bank purchased a new position in shares of Valley National Bancorp in the second quarter worth about $31,276,000. Holocene Advisors LP acquired a new position in Valley National Bancorp during the third quarter worth about $34,593,000. Finally, Freestone Grove Partners LP purchased a new stake in Valley National Bancorp during the 3rd quarter valued at about $27,607,000. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Valley National Bancorp News Summary

Here are the key news stories impacting Valley National Bancorp this week:

• Positive Sentiment: Q4 earnings beat: VLY reported $0.31 EPS vs. consensus $0.29 and revenue $541.3M vs. $524.3M, with management citing higher NII, fee income growth and rising loans/deposits — the core drivers behind the share rally. Zacks earnings rally article
• Positive Sentiment: Analyst bullishness: Hovde raised its price target from $14 to $15 and assigned an “outperform” rating — a material upside (~19.6%) vs. the referenced price, signaling stronger analyst conviction. Finviz note on Hovde PT raise
• Positive Sentiment: Smaller PT raise from Keefe, Bruyette & Woods: KBW bumped its target to $13 and kept a “market perform” rating — modest upside but adds confirmation from the regional-bank coverage community. Benzinga on KBW PT raise
• Neutral Sentiment: Company materials and call: Valley posted its press release, slide deck and conference call transcript detailing the quarter and strategy; useful for investors digging into drivers, margin trends and capital/credit commentary. Press release / slide deck
• Neutral Sentiment: Widespread media coverage: Multiple outlets (Yahoo Finance, Seeking Alpha, Business Insider, WTOP, Investing.com, MarketBeat) ran earnings summaries and the full call transcript — broad dissemination can amplify market reaction but contains no new adverse items. Yahoo Finance earnings summary

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLY) is a regional bank holding company headquartered in Wayne, New Jersey, offering a comprehensive suite of commercial and consumer banking products and services. Through its banking subsidiary, Valley National Bank, the company provides deposit accounts, residential and commercial lending, mortgage services, treasury and cash management, foreign exchange and trade finance solutions. Complementary wealth management and insurance offerings round out its financial services platform, catering to individual, small-business and corporate clients.

Tracing its roots to the establishment of Wayne National Bank in 1927, Valley has grown into one of the largest banks in New Jersey by both assets and deposit share.