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. The company operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. It offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, construction, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. The company also invests in various securities and interest-bearing deposits with other banks; and provides international banking services. In addition, it offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, the company provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as private banking and management services. Additionally, it offers niche financial services, including loan and deposit products for homeowners associations, cannabis-related business banking, and venture banking; online, mobile, and telephone banking services; credit cards; and automated teller machine services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.
Analyst Outlook | Discover varied analyst perspectives on VLY, with price targets ranging from $10 to $11, reflecting a cautious yet potentially optimistic view on the bank's turnaround |
Profitability Push | Learn about VLY's ambitious goal to achieve a 1%+ ROA by 2025, up from 0.63%, and the strategies in place to drive this significant improvement |
CRE Concentration | Delve into the bank's efforts to manage its 376% CRE concentration, a key focus for analysts assessing VLY's risk profile and future performance |
Capital Fortification | Explore Valley National Bancorp's strategic equity raise, bolstering its CET1 ratio to 10.75% and positioning it ahead of capital targets by over a yea |
Metrics to compare | VLY | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipVLYPeersSector | |
|---|---|---|---|---|
P/E Ratio | 12.8x | 11.9x | 9.9x | |
PEG Ratio | 0.28 | −13.76 | 0.03 | |
Price / Book | 1.0x | 1.6x | 1.0x | |
Price / LTM Sales | 3.9x | 4.0x | 2.9x | |
Upside (Analyst Target) | 10.2% | 0.8% | 14.5% | |
Fair Value Upside | Unlock | 21.1% | 1.7% | Unlock |