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Barclays Remains a Sell on Valley National Bancorp (VLY)
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Barclays Remains a Sell on Valley National Bancorp (VLY)

In a report released today, Jared Shaw from Barclays maintained a Sell rating on Valley National Bancorp (VLYResearch Report), with a price target of $8.00. The company’s shares closed yesterday at $7.61.

Shaw covers the Financial sector, focusing on stocks such as NY Community, Prosperity Bancshares, and Webster Financial. According to TipRanks, Shaw has an average return of -3.7% and a 45.65% success rate on recommended stocks.

Valley National Bancorp has an analyst consensus of Hold, with a price target consensus of $10.50.

The company has a one-year high of $11.07 and a one-year low of $6.07. Currently, Valley National Bancorp has an average volume of 6.47M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Valley National Bancorp (VLY) Company Description:

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.

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