Valley National Bancorp – Consensus indicates 13.8% upside potential
National Valley Bank with ticker code (VLY) now have 9 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 18 and 14, with the average target price standing at 15.72. Given that the stock’s previous close was at 13.81, this would indicate that there is upside potential of 13.8%. The 50-day moving average is 14.01 and the 200-day MA is 13.66. The market cap of the company is $5,875 million. You can visit the company’s website by visiting: https://www.valley.com
The potential market capitalization would be $6,687 million based on market consensus.
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Valley National Bancorp operates as a holding company for Valley National Bank which provides various commercial, retail, insurance and wealth management financial services products. The Company operates through commercial lending, consumer lending and investment management segments. Its deposit products include interest-free, savings, NOW and money market accounts, as well as term deposits. The Company also offers commercial and industrial real estate, commercial, residential mortgage and auto loans; loans secured by the cash value of life insurance; home equity loans and lines of credit; and other secured and unsecured consumer loans. In addition, it invests in various types of interest-bearing securities and deposits with other banks; and offers international banking services, such as stand-by letters of credit, documentary letters of credit and related products, foreign exchange transactions, documentary collections and foreign wire transfer services, as well as transaction accounts for non-resident aliens. In addition, the company provides investment services to individuals and small and medium enterprises; and trusts and bespoke investment strategies for pension plans. Additionally, it offers trust services, which include living and testamentary trusts, investment management, custodial and escrow services and estate administration primarily to individuals; property and casualty, life, health and title insurance agency services; and healthcare equipment loan services and other commercial equipment rental services, as well as real estate-related investments. In addition, the Company offers ATMs, telephone and Internet banking, remote deposit collection, overdraft, drive-thru and overnight deposit and safe deposit box services. It operates 226 branches located in New Jersey, New York, Florida and Alabama. The company was founded in 1927 and is headquartered in New York, New York.