VLY stock icon

Valley National Bancorp
VLY

$6.74
0.13%
 

About: Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.

Employees: 3,749

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

65.46% more ownership

Funds ownership: 61.14% [Q4 2023] → 126.59% (+65.46%) [Q1 2024]

50% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 46

7% more funds holding

Funds holding: 332 [Q4 2023] → 355 (+23) [Q1 2024]

7% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 107

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

24% less capital invested

Capital invested by funds: $3.37B [Q4 2023] → $2.57B (-$807M) [Q1 2024]

79% less call options, than puts

Call options by funds: $11.2M | Put options by funds: $54.2M

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$7
4%
upside
Avg. target
$9.36
39%
upside
High target
$12.50
85%
upside

14 analyst ratings

positive
14%
neutral
64%
negative
21%
Barclays
Jared Shaw
4%upside
$7
Underweight
Maintained
24 Jun 2024
Keefe, Bruyette & Woods
Michael Perito
19%upside
$8
Market Perform
Downgraded
31 May 2024
Wedbush
David Chiaverini
19%upside
$8
Neutral
Reiterated
22 May 2024
Wedbush
David Chiaverini
19%upside
$8
Neutral
Maintained
29 Apr 2024
Wedbush
David Chiaverini
19%upside
$8
Neutral
Maintained
26 Apr 2024

Financial journalist opinion

Based on 9 articles about VLY published over the past 30 days