RBC Capital analyst Steven Duong maintained a Buy rating on Valley National Bancorp (NASDAQ:VLY) on Monday, setting a price target of $14, which is approximately 0.50% above the present share price of $13.93.
Duong expects Valley National Bancorp to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Valley National Bancorp, with an average price target of $13.56.
The analysts price targets range from a high of $14.75 to a low of $12.5.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $335.51 million and a net profit of $0. The company's market cap is $5.65 billion.
According to TipRanks.com, RBC Capital analyst Steven Duong is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 46.5% and a 79.31% success rate.
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. The Consumer Lending segment consists of residential mortgage loans, automobile loans and home equity loans, as well as wealth management services including trust, asset management, insurance services, and asset-based lending support. The Commercial Lending segment refers to the floating rate and adjustable rate commercial and industrial loans as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment is the investments in various types of securities and interest-bearing deposits with other banks which focus on fixed rate securities, federal funds sold and interest-bearing deposits with banks. The Corporate and Other Adjustments segment relates to income and expense items not directly attributable to a specific segment. The company was founded in 1983 and is headquartered in Wayne, NJ.