Valley National Bancorp (NASDAQ:VLY) Price Target Raised to $17.00

Valley National Bancorp (NASDAQ:VLY) had its price objective upped by Morgan Stanley from $16.00 to $17.00 in a research report report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also weighed in on VLY. Weiss Ratings upgraded Valley National Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Royal Bank Of Canada restated an “outperform” rating and set a $17.00 target price on shares of Valley National Bancorp in a research report on Tuesday, September 29th. Truist Financial boosted their price target on Valley National Bancorp from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Friday, July 10th. Barclays boosted their price target on Valley National Bancorp from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, UBS Group upped their price target on Valley National Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.31.

Valley National Bancorp Stock Performance

NASDAQ:VLY opened at $14.06 on Friday. Valley National Bancorp has a 12-month low of $10.34 and a 12-month high of $15.20. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.77 billion, a PE ratio of 11.16 and a beta of 1.07. The firm has a 50-day moving average price of $13.42 and a 200 day moving average price of $13.80.

Valley National Bancorp (NASDAQ:VLY) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $577.82 million. Valley National Bancorp had a net margin of 20.44% and a return on equity of 9.63%. During the same quarter last year, the company earned $0.28 earnings per share. Research analysts anticipate that Valley National Bancorp will post 1.27 earnings per share for the current fiscal year.

Valley National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 15th will be given a $0.11 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.1%. Valley National Bancorp’s payout ratio is 34.92%.

Institutional Trading of Valley National Bancorp

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Valley National Bancorp by 8.0% in the 1st quarter. Bank of America Corp DE now owns 3,919,652 shares of the company’s stock worth $48,133,000 after acquiring an additional 290,534 shares in the last quarter. Legal & General Group Plc acquired a new stake in Valley National Bancorp during the 2nd quarter valued at $9,391,000. Bank of New York Mellon Corp acquired a new stake in Valley National Bancorp during the 2nd quarter valued at $68,276,000. First Trust Advisors LP raised its position in Valley National Bancorp by 6.0% in the 1st quarter. First Trust Advisors LP now owns 1,411,434 shares of the company’s stock valued at $17,332,000 after purchasing an additional 80,308 shares during the last quarter. Finally, World Investment Advisors raised its position in Valley National Bancorp by 141.7% in the 1st quarter. World Investment Advisors now owns 199,243 shares of the company’s stock valued at $2,447,000 after purchasing an additional 116,826 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Key Valley National Bancorp News

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

• Positive Sentiment: Strong Q3 earnings beat estimates: Valley National reported third-quarter net income of $206.3 million, or $0.36 per diluted share, up from $0.28 a year earlier and $0.29 in the prior quarter. Earnings exceeded the $0.33 consensus estimate, while revenue of approximately $581 million also topped expectations. Valley National Bancorp Announces Third Quarter 2026 Results
• Positive Sentiment: Profitability reached a record level: Management highlighted record third-quarter profitability, with net margin of 19.49% and return on equity of 9.13%. The results suggest that the bank’s balance-sheet initiatives are translating into stronger earnings. Valley National Bancorp Reports Record Third-Quarter Profitability
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target from $15.50 to $16.00 and upgraded its stance to “overweight.” Morgan Stanley raised its target from $16.00 to $17.00, although it maintained an “equal weight” rating. These revisions indicate increased confidence in VLY’s earnings outlook and imply additional potential upside from recent trading levels. JPMorgan Analyst Recommendation Morgan Stanley Analyst Recommendation
• Neutral Sentiment: Dividend maintained: Valley National announced its regular quarterly common cash dividend, supporting shareholder returns but offering no major new catalyst by itself. Valley National Announces Quarterly Dividend

Valley National Bancorp Company Profile

Valley National Bancorp is the bank holding company for Valley National Bank, a full-service regional bank headquartered in Wayne, New Jersey. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities through a network of branches and digital banking channels.

Valley National Bank offers deposit accounts, residential and commercial real estate lending, business loans, consumer loans, mortgage banking, treasury management and other commercial banking services.