Analyst Price Target Update on Valley National Bancorp (NYSE:VLY)

Valley National Bancorp (NYSE:VLY): The stock price is expected to reach $ 9.6 in the short term. The number of analysts agreeing with this consensus is 5. The higher estimate for the short term price target is at $10 while the lower estimate is at $9. The standard deviation of the price stands at $0.55.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director officer (Senior EVP & COO, Director), of Valley National Bancorp, Crocitto Peter P had unloaded 3,175 shares at $9.44 per share in a transaction on May 26, 2016. The total value of transaction was $29,972. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Valley National Bancorp (NYSE:VLY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.12 points or 1.3% at $9.13 with 1,810,577 shares getting traded. Post opening the session at $9.19, the shares hit an intraday low of $9.1 and an intraday high of $9.3 and the price was in this range throughout the day. The company has a market cap of $2,323 million and the number of outstanding shares have been calculated to be 254,383,830 shares. The 52-week high of Valley National Bancorp (NYSE:VLY) is $11.24 and the 52-week low is $8.31.

Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.

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