In a report released yesterday, Frank Schiraldi from Sandler O’Neill reiterated a Buy rating on Valley National Bancorp (NYSE: VLY), with a price target of $14. The company’s shares closed yesterday at $11.86.
According to TipRanks.com, Schiraldi is a 3-star analyst with an average return of 6.8% and a 56.7% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Peapack-Gladstone Financial Corp, and Malvern Federal Bancorp.
Currently, the analyst consensus on Valley National Bancorp is a Strong Buy with an average price target of $14, a 18.0% upside from current levels. In a report issued on July 26, RBC Capital also reiterated a Buy rating on the stock with a $13 price target.
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Valley National Bancorp’s market cap is currently $3.97B and has a P/E ratio of 22.38. The company has a Price to Book ratio of 1.29.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.
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Valley National Bancorp is a bank holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Consumer Lending; Commercial Lending; Investment Management; and Corporate and other adjustments.
