Valley National Bancorp traded at $12.93 this Friday May 15th, decreasing $0.12 or 0.92 percent since the previous trading session. Looking back, over the last four weeks, Valley National Bancorp lost 1.22 percent. Over the last 12 months, its price rose by 41.16 percent. Looking ahead, we forecast Valley National Bancorp to be priced at 12.67 by the end of this quarter and at 11.92 in one year, according to Trading Economics global macro models projections and analysts expectations.
Valley National Bancorp is a bank holding company for Valley National Bank. The Company's segment includes Consumer Lending, Commercial Lending, Investment Management, Corporate and Other Adjustments. The Consumer Lending segment comprises of residential mortgage loans and automobile loans, and to a lesser extent, home equity loans, secured personal lines of credit and other consumer loans (including credit card loans). The commercial lending segment is comprised of floating rate and adjustable rate commercial and industrial loans and construction loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment comprised of fixed rate securities and, depending on its liquid cash position, federal funds sold and interest-bearing deposits with banks. The Corporate and other adjustments segment includes interest expense related to subordinated notes, amortization and impairment of tax credit investments as well as merger expenses.