<div id="readability-page-1"><p>Valley National Bancorp (NASDAQ:VLY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $12.05 and last traded at $12.0490, with a volume of 339073 shares trading hands. The stock had previously closed at $11.92.</p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 high-yielding, small banks to buy on the dip</li></ul><p>VLY has been the topic of several recent analyst reports. JPMorgan Chase &amp; Co. boosted their target price on Valley National Bancorp from $13.00 to $14.00 and gave the stock an &#34;overweight&#34; rating in a report on Friday, October 24th. Zacks Research downgraded Valley National Bancorp from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, December 9th. Truist Financial upped their price objective on Valley National Bancorp from $11.00 to $13.00 and gave the company a &#34;buy&#34; rating in a report on Friday, September 12th. Cowen  reaffirmed a &#34;buy&#34; rating on shares of Valley National Bancorp in a report on Monday, October 27th. Finally, TD Cowen raised their price objective on shares of Valley National Bancorp from $14.00 to $15.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, October 27th. One research analyst  has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued  a Hold rating to the company's stock. According to MarketBeat.com, Valley National Bancorp presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $13.37.</p><p><b>Read Our Latest Analysis on Valley National Bancorp</b></p><h2>Valley National Bancorp Stock Performance</h2><ul><li>S&amp;P Downgrades 5 Banks: What Does It Mean For The Market?</li></ul><p>The firm's 50 day simple moving average is $10.94 and its 200-day simple moving average is $10.14. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.97 and a current ratio of 0.97. </p><p>Valley National Bancorp (NASDAQ:VLY - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $511.08 million for the quarter, compared to the consensus estimate of $511.47 million. Valley National Bancorp had a return on equity of 6.67% and a net margin of 14.86%.Valley National Bancorp's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share.  Analysts expect that  Valley National Bancorp will post 0.99 EPS for the current year. </p><h2>Valley National Bancorp Dividend Announcement</h2><ul><li>Analysts Remain Bullish On These 3 Regional Banks</li></ul><p>The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. Valley National Bancorp's dividend payout ratio  is 50.00%. </p><h2>Institutional Inflows and Outflows</h2><p>Several large investors have recently added to or reduced their stakes in VLY. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of  Valley National Bancorp during the 1st quarter valued at $35,000.  Atlantic Union Bankshares Corp acquired a new stake in  Valley National Bancorp during the second quarter valued at $39,000.  Smartleaf Asset Management LLC boosted its position in  Valley National Bancorp by 77.4% during the third quarter. Smartleaf Asset Management LLC now owns 4,574 shares of the company's stock valued at $48,000 after purchasing an additional 1,996 shares during the last quarter.  Danske Bank A S purchased a new position in  Valley National Bancorp in the third quarter valued at about $55,000.  Finally, Hantz Financial Services Inc. increased its position in  Valley National Bancorp by 11,831.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 5,369 shares of the company's stock worth $48,000 after purchasing an additional 5,324 shares during the last quarter. Institutional investors and hedge funds own  61.00% of the company's stock. </p><h2>Valley National Bancorp Company Profile</h2> (Get Free Report)<p>Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Valley National Bancorp</li><li>How to Invest in Biotech Stocks</li><li>Super Micro's Sell-Off Is a Mirage—Here’s Why the Rally May Come Back Fast</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>3 Companies Turning Big Cash Flow Into Bigger Shareholder Gains</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>GOOGL's Unstoppable Momentum Drives Price Targets to Record Highs</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Valley National Bancorp Right Now?</h2><p>Before you consider Valley National Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valley National Bancorp wasn't on the list.</p><p>While Valley National Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Valley National Bancorp (NASDAQ:VLY) reached a new 52-week high, trading at $12.05. Analysts have mixed ratings, with JPMorgan raising the target price to $14 and Zacks downgrading to 'hold'. The company reported strong quarterly earnings, beating estimates with $0.28 EPS. Institutional investors have shown interest, with 61% ownership. The company declared a $0.11 quarterly dividend, yielding 3.7% annually.</p>

Valley National Bancorp (NASDAQ:VLY) Reaches New 12-Month High - What's Next?