Valley National Bancorp with ticker code (VLY) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 15 and 9 calculating the average target price we see $12.10. Given that the stocks previous close was at $8.57 and the analysts are correct then we can expect a percentage increase in value of 41.2%. It’s also worth noting that there is a 50 day moving average of $10.53 and the 200 moving average now moves to $11.32. The company has a market capitalization of $4,290m. Find out more information at: https://www.valley.com
The potential market cap would be $6,058m based on the market consensus.
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 5.21% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7.41, revenue per share of 3.69 and a 1.13% return on assets.
