Valley National Bancorp (NASDAQ:VLY) Price Target Raised to $16.00

Valley National Bancorp (NASDAQ:VLY) had its price objective raised by JPMorgan Chase & Co. from $15.50 to $16.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently commented on the stock. Piper Sandler raised their price target on shares of Valley National Bancorp from $16.00 to $16.50 and gave the stock an “overweight” rating in a report on Friday, June 26th. Truist Financial boosted their price objective on shares of Valley National Bancorp from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods upgraded shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Friday. Cantor Fitzgerald increased their target price on shares of Valley National Bancorp from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Barclays increased their target price on shares of Valley National Bancorp from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.31.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $14.06 on Friday. Valley National Bancorp has a 1 year low of $10.34 and a 1 year high of $15.20. The company has a market cap of $7.77 billion, a P/E ratio of 11.16 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock 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 released its earnings results on Thursday, October 22nd. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $577.82 million. Valley National Bancorp had a return on equity of 9.63% and a net margin of 20.44%. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, analysts expect that Valley National Bancorp will post 1.27 EPS 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. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.1%. Valley National Bancorp’s dividend payout ratio (DPR) is 34.92%.

Institutional Investors Weigh In On Valley National Bancorp

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Valley National Bancorp during the second quarter valued at approximately $1,079,026,000. Wellington Management Group LLP lifted its stake in Valley National Bancorp by 29.5% in the second quarter. Wellington Management Group LLP now owns 20,091,604 shares of the company’s stock valued at $294,342,000 after acquiring an additional 4,576,448 shares during the last quarter. Azora Capital LP bought a new stake in Valley National Bancorp in the second quarter worth approximately $150,121,000. Freestone Grove Partners LP bought a new stake in Valley National Bancorp in the second quarter worth approximately $88,872,000. Finally, Bank of New York Mellon Corp bought a new stake in Valley National Bancorp in the second quarter worth approximately $68,276,000. 61.00% of the stock is currently owned by institutional investors and hedge funds.

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

About Valley National Bancorp

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.