Piper Sandler Reiterates Buy Rating for Valley National Bancorp
Piper Sandler has reiterated its buy rating for Valley National Bancorp, setting a price target of $16.50, a 12.63% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating for Valley National Bancorp (VLY) on June 26, 2026, with a price target of $16.50.
- Piper Sandler's $16.50 price target implies 12.63% upside from Valley National Bancorp's ($VLY) current $14.65 share price.
- Shares of Valley National Bancorp traded at $14.78 on Friday, with a market cap of about $8.19 billion and a P/E ratio of 13.3.
- Analyst consensus for Valley National Bancorp is a buy with a mean price target of $15.75 across 14 opinions.
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Piper Sandler has reiterated its buy rating for Valley National Bancorp (NasdaqGS: VLY), setting a price target of $16.50. This update comes from analyst Manuel Navas and was announced on June 26, 2026. Valley National Bancorp's stock traded at $14.78 on Friday.
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Valley National Bancorp Stock Up 5.2%
Shares of NasdaqGS:VLY traded near $14.78 on Friday. Valley National Bancorp has a market cap of approximately $8.19 billion, with a P/E ratio of 13.3 and a forward P/E of 9.6. The stock's 52-week range is between $8.82 and $14.94, while its 50-day moving average stands at $13.65, and the 200-day moving average is $12.20. The company's beta is 1.062, indicating its volatility is slightly above the market average.
$VLY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Valley National Bancorp reported revenue of $1.94 billion with a growth rate of 23.8%. The company's net margin is 33.8%, and it achieved a return on equity of 8.6%. The next earnings report is scheduled for April 23, 2026.
Dividend
The company pays an annual dividend rate of $0.44, resulting in a yield of 2.98%. Its dividend payout ratio is 39.6%, indicating a sustainable distribution of profits to shareholders.
Insider Buying and Selling at Valley National Bancorp
On June 12, 2026, Crandell Mitchell, EVP & Chief Accounting Officer, sold 25,495 shares at an average price of $14.63. Earlier, on May 18, 2026, several insiders, including Kathleen Perrott and Eyal Efrat, each purchased 8,121 shares, though the specific transaction prices were not disclosed.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained a buy rating for Valley National Bancorp with a price target of $16.50. Morgan Stanley downgraded the stock to hold with a $15.00 target on May 6, 2026. TD Cowen maintained a buy rating with a $17.00 target on April 27, 2026. Overall, the analyst consensus is a buy, with a mean price target of $15.75 across 14 opinions.
About Valley National Bancorp
Valley National Bancorp is a financial services holding company based in Morristown, New Jersey. It operates Valley National Bank, offering a range of services including commercial and consumer banking, insurance, and wealth management. The company serves its customers through various segments such as Consumer Banking and Commercial Banking. Led by CEO Ira D. Robbins, Valley National Bancorp employs about 3,675 people.
Bottom Line
Piper Sandler's reiterated buy rating and $16.50 price target reflect continued confidence in Valley National Bancorp's prospects. Investors often watch analyst ratings closely, as they can influence market sentiment. Remember, these ratings are based on past data and projections, and actual outcomes may vary.
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