Valley National Bancorp (VLY)

• Market cap: $5.12B
• 1 day: 1.66%
• 5 days: -9.58%
• 1 month: -9.75%
• 3 months: 1.10%
• 6 months: 37.54%
• Year to date: -15.11%
• 1 year: -15.19%
• 5 years: -21.17%
• 10 years: -5.47%
• Sector: Financials
• Industry: National Commercial Banks

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

25% more capital invested

Capital invested by funds: $2.39B [Q2] → $2.98B (+$594M) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 120

2% less funds holding

Funds holding: 350 [Q2] → 344 (-6) [Q3]

2.56% less ownership

Funds ownership: 67.18% [Q2] → 64.62% (-2.56%) [Q3]

12% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 51

46% less call options, than puts

Call options by funds: $26.4M | Put options by funds: $49.1M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 9% upside
• Avg. target: $10.50 15% upside
• High target: $11 20% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Barclays Jared Shaw 64% 1-year accuracy 47 / 73 met price target	20% upside $11	Equal-Weight Maintained	5 Dec 2024
JP Morgan Steven Alexopoulos 70% 1-year accuracy 33 / 47 met price target	20% upside $11	Overweight Upgraded	11 Nov 2024
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target	20% upside $11	Outperform Maintained	25 Oct 2024
Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target	9% upside $10	Neutral Maintained	25 Oct 2024
Wedbush David Chiaverini 82% 1-year accuracy 40 / 49 met price target	9% upside $10	Neutral Reiterated	25 Oct 2024