# Valley National Bancorp (VLY)

> Source: Nexqual · https://nexqual.com/VLY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Valley National Bancorp (VLY), nexqual.com/VLY" · informational, not investment advice.

**Price:** USD 13.81 (+6.07% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 13.02 · day 13.06–13.85 · 52w 9.71–15.2 · market cap $7.63B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.15B, net income $694M (32.2% margin) (SEC filings).
- Valuation: P/E 11.0x (avg 11.5x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold VLY (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.6M; 2 not under a Rule 10b5-1 plan ($1.6M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (14 analysts), mean target USD 16.64 (range 15–18).
- Total return with dividends: 1Y +35.3% vs S&P 500 +14.9%; 5Y +24.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.36, revenue estimate $593M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.86B | $1.89B | $1.85B | $2.03B | $2.15B |
| Net income | $474M | $569M | $499M | $380M | $598M | $694M |
| EPS (diluted) | $1.12 | $1.14 | $0.95 | $0.69 | $1.01 | — |
| Free cash flow | $798M | $1.36B | $302M | $532M | $326M | $558M |
| Net margin | 34.7% | 30.5% | 26.4% | 20.5% | 29.5% | 32.2% |
| Revenue growth | +4.8% | +36.5% | +1.5% | -2.0% | +9.3% | — |
| Cash + short-term investments | $2.05B | $948M | $891M | $1.89B | $1.58B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.0x · P/S 3.5x · P/FCF 13.7x · P/B 1.0x · FCF yield 7.32% · Earnings yield 9.09% · Dividend yield (paid, TTM) 3.25% · Buyback yield (TTM) 1.71%
P/E at fiscal year-ends: Dec 2025 11.0x, Dec 2024 12.3x, Dec 2023 11.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold VLY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $16.4M | Added +15.1% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-12 | Crandell Mitchell L | EVP & Chief Accounting Officer | 25,495 | $373K | 25.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-27 | Barrett Russell | SEVP, Chief Operating Officer | 90,537 | $1.2M | 58.5% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 14 analysts; mean target USD 16.64 (low 15, high 18).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Keefe, Bruyette & Woods | Target raised | Market Perform | $16 → $17 |
| 2026-10-01 | JP Morgan | Target lowered | Overweight | $17 → $15.5 |
| 2026-09-29 | RBC Capital | Reiterated | Outperform | $17 |
| 2026-09-28 | Morgan Stanley | Target lowered | Equal-Weight | $17 → $16 |
| 2026-09-08 | Morgan Stanley | Target raised | Equal-Weight | $16 → $17 |
| 2026-07-24 | JP Morgan | Target lowered | Overweight | $17.5 → $17 |
| 2026-07-24 | Keefe, Bruyette & Woods | Target raised | Market Perform | $15 → $16 |
| 2026-07-15 | Cantor Fitzgerald | Target raised | Overweight | $16 → $17 |
| 2026-07-10 | Truist Securities | Target raised | Buy | $15.5 → $16.5 |
| 2026-07-07 | Barclays | Target raised | Equal-Weight | $14 → $15 |
| 2026-07-01 | JP Morgan | Target raised | Overweight | $15 → $17.5 |
| 2026-06-29 | Morgan Stanley | Target raised | Equal-Weight | $15 → $16 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +35.3% | +24.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +35.5% | +4.4% |
| Volatility (annualized) | 25.3% | 34.8% |
| Max drawdown | -17.6% (Jul 2026→Oct 2026) | -54.0% (Jan 2022→May 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.95 -2.47% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · DB (Deutsche Bank AG) USD 31.48 -2.39% · TFC (Truist Financial Corporation) USD 48.42 +1.45% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13%

## More
Full page: https://nexqual.com/VLY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Deposit Account | $18.7M | — | +27.4% |
| Investment Advisory Management & Administrative Service | $17.7M | — | +25.6% |
| Total revenue | — | 100% | — |

## Company outlook (8-K filed 2026-10-22)

- "The acquisition is expected to close in early 2027, subject to standard regulatory approvals, approval of Providence's shareholders, and the satisfaction or waiver of other customary closing conditions."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.36 | $0.36 | +0.2% | $592.7M | 15 |
| Next quarter (ends 2027-03-31) | $0.34 | $0.35 | -1.8% | $626.2M | 10 |
| Current fiscal year (ends 2026-12-31) | $1.29 | $1.28 | +0.2% | $2.28B | 15 |
| Next fiscal year (ends 2027-12-31) | $1.53 | $1.54 | -1.0% | $2.65B | 14 |