Valley National Bancorp – Consensus Indicates Potential 37.5% Upside

Broker Ratings

Valley National Bancorp with ticker code (VLY) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 15.5 and 12 calculating the average target price we see $13.65. Given that the stocks previous close was at $9.93 this indicates there is a potential upside of 37.5%. It’s also worth noting that there is a 50 day moving average of $11.38 and the 200 day moving average is $11.53. The market cap for the company is $5,042m. You can visit the company’s website by visiting:

The potential market cap would be $6,931m based on the market consensus.

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Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for various retirement plans. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; and overdraft, drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. The company was founded in 1927 and is headquartered in New York, New York.

The company has a dividend yield of 4.51% with the ex dividend date set at 14-3-2023 (DMY).

Other points of data to note are a P/E ratio of 8.58, revenue per share of 3.69 and a 1.13% return on assets.

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