Short Term Rating on Valley National Bancorp (VLY)

Valley National Bancorp (VLY) : 1 brokerage houses believe that Valley National Bancorp (VLY) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Valley National Bancorp (VLY). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.

Valley National Bancorp (VLY) : 5 Wall Street analysts covering Valley National Bancorp (VLY) believe that the average level the stock could reach for the short term is $9.6. The maximum price target given is $10 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.55.

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


Valley National Bancorp (NYSE:VLY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.28 and $9.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.33, notching a gain of 1.97% for the day. The total traded volume was 2,284,941 . The stock had closed at $9.15 on the previous day.

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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