Valley National Bank (VLY) Receives $13.79 Consensus Price Target from Analysts

Lloyd Doyle
May 17, 2018

Investors who are keeping close eye on the stock of Valley National Bancorp (NYSE:VLY) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 0.02 and sector's optimum level is 0.55. The SI to Valley National Bancorp's float is 5.58%.

Shares of NYSE VLY traded up $0.05 during trading on Tuesday, hitting $12.85. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 27,027,312 shares of the stock are valued at $347.3 million.

Valley National Bancorp (VLY) stock price moved 1.73% away from 20-Days Simple Moving Average, 1.38% from 50-Days Simple Moving Average and separated 6.86% from 200 Days Simple Moving Average. The stock has "Buy" rating by Keefe Bruyette & Woods on Monday, August 28. Morgan Stanley's price target suggests a potential upside of 10.67% from the company's current price. This was revealed to clients and investors in analysts note on Thursday morning. $236,079 worth of Valley National Bancorp (NYSE:VLY) shares were sold by GUILFOILE MARY. Zacks Investment Research upgraded Valley National Bank from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Saturday, April 7th. Therefore 64% are positive. ValuEngine raised Valley National Bank from a "hold" rating to a "buy" rating in a research report on Thursday, March 1st. The stock of Valley National Bancorp (NYSE:VLY) has "Overweight" rating given on Friday, January 5 by PiperJaffray. As per Monday, May 29, the company rating was maintained by Keefe Bruyette & Woods. The rating was upgraded by Guggenheim on Tuesday, August 25 to "Sell". The firm's quarterly revenue was up 27.9% on a year-over-year basis. The firm has "Buy" rating by Piper Jaffray given on Monday, January 29. On Thursday, April 26 the firm has "Buy" rating given by Sandler O'Neill. The firm has a market cap of $4,145.14, a PE ratio of 18.16 and a beta of 0.92. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. It has a 22.34 P/E ratio. The Company's deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

Investors sentiment decreased to 0.91 in Q4 2017.


Some buy side analysts are also providing their Analysis on Valley National Bancorp, where 1 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 0 said it's a HOLD, and 0 analysts rated the stock as Sell. Sold All: 16 Reduced: 74 Increased: 59 New Position: 43. 33 funds opened positions while 84 raised stakes. Funds hold 165.19 million shares thus 1.26% less from 2017Q3's 167.29 million shares. Kbc Gru Nv reported 0.01% in Valley National Bancorp (NYSE:VLY). (T) stake by 144.41% reported in 2017Q4 SEC filing. 166,672 are held by Avalon Advisors Ltd Liability Corp. The stock appeared $13.38 above its 52-week highs and is up 0.71% for the last five trades. The Oklahoma-based Capital Advisors Inc Ok has invested 0.69% in the stock. Stifel Corp has invested 0% in Valley National Bancorp (NYSE:VLY). Deutsche Bank AG now owns 1,750,887 shares of the financial services provider's stock worth $19,642,000 after buying an additional 994,938 shares during the last quarter. Geode Capital Management LLC now owns 2,671,471 shares of the financial services provider's stock valued at $29,972,000 after purchasing an additional 306,082 shares during the period. Finally, Wealth Advisors of Tampa Bay LLC purchased a new position in shares of Valley National Bank during the 4th quarter valued at $184,000. Manufacturers Life Insurance Commerce The invested in 0.01% or 623,453 shares. Denver Advsr Limited Liability Corporation invested 0.67% of its capital in Valley National Bancorp (NYSE:VLY). Macquarie Group reported 0.12% stake. Bnp Paribas Arbitrage Sa owns 243,614 shs for 0% of their capital. Cornerstone Cap Mngmt Holdg Limited Co stated it has 0.03% in Valley National Bancorp (NYSE:VLY). Seekingalpha.com's article titled: "Valley National Bancorp's (VLY) CEO Ira Robbins on Q1 2018 Results - Earnings Call Transcript" and published on April 26, 2018 is yet another important article.

More news for Valley National Bancorp (NYSE:VLY) were recently published by: Globenewswire.com, which released: "New Research: Key Drivers of Growth for Comerica, Valley National, Santander Consumer, Sterling, Kemet, and ..." on May 11, 2018.

Wincanton plc, together with its subsidiaries, provides logistic and supply chain solutions in the United Kingdom and Ireland.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER