National Bank of the Valley with ticker code (VLY) now have 9 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 17 and 14 by calculating the average target price that we see 15.39. Given that the shares’ previous close was at 14.43, this indicates that there is potential for a 6.7% upside. The 50-day moving average is now at 13.56 and the 200-day moving average is 13.44. The company’s market capitalization is $ 5,832 million. Company website: http://www.valley.com
Valley National Bancorp is Valley National Bank’s holding company that provides a variety of commercial financial services, retail, insurance and wealth management products. The company operates through the business 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 loans, commercial real estate, residential mortgages and automobiles; 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 tailored pension trusts and investment strategies. In addition, it offers trust services, which include living and testamentary trusts, investment management, custody and escrow and estate administration services primarily to individuals; property and casualty, life, health and securities insurance agency services; and health care equipment loan services and other commercial equipment rental services, as well as real estate related investments. In addition, the company offers automated teller machines, telephone and internet banking, remote deposit entry, overdrafts, drive-through and overnight deposits, 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.
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