Keefe, Bruyette & Woods Rates VLY Outperform, $17 Price Target

On October 23, 2026, Keefe, Bruyette & Woods upgraded its rating on Valley National Bancorp [VLY] to Outperform. The firm issued this new view in a research note on the same day, keeping its price target unchanged at $17.00. Valuation details from the update show the prior target also sat at $17.00.

VLY Valley National Bancorp

$13.81 ▲ +21.14% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Keefe, Bruyette & Woods's Call on Valley National Bancorp

In its research note on October 23, 2026, Keefe, Bruyette & Woods assigned an Outperform rating to Valley National Bancorp. The firm kept its price target at $17.00, matching its prior target of $17.00. Earlier on October 6, 2026, the same firm had maintained a Market Perform rating on the regional bank with a $16.00 target.

Other Institutional Activity in Valley National Bancorp

Nomura Asset Management International Inc reduced its holdings by 190,606 shares, ending with 12,267,304 shares worth about $169,411,473. Azora Capital Lp grew its holdings by 1,298,461 shares, ending with 10,247,196 shares worth about $141,513,781. AQR Capital Management, LLC reduced its holdings by 902,678 shares, ending with 9,390,111 shares worth about $129,677,436.

Valley National Bancorp Stock Up 6.1%

Valley National Bancorp shares recently traded around $13.81 as of October 23, 2026, matching the close of $13.81 on October 22, 2026. The stock sits above its 50-day moving average of $13.46 and its 200-day moving average of $13.39. Shares trade about 9.1% below their 52-week high of $15.20 and roughly 33.6% above their 52-week low of $10.34.

Recent Earnings

For its trailing twelve months, Valley National Bancorp generated $2,008,211,968 in revenue with diluted earnings of $1.26 per share. The regional bank posted a net profit margin of 34.5% alongside a return on equity of 9.0%. Investors will watch for the company's next earnings update scheduled for January 28, 2027.

Dividend

Valley National Bancorp pays an annual dividend of $0.44 per share, translating to a dividend yield of 3.18%. The payout ratio sits at 37.3% based on trailing results.

Insider Buying and Selling at Valley National Bancorp

On February 17, 2026, Director Carlos J Vazquez bought 2,500 shares at an average price of $13.44 for a total value of $33,612. Later, on April 27, 2026, Chief Operating Officer Russell Barrett sold 90,537 shares at $13.54 for $1,225,871. Officer Mitchell L Crandell sold 25,495 shares on June 12, 2026, at $14.63 for $372,992. None of these transactions were reported under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On September 28, 2026, Morgan Stanley maintained an Equal-Weight rating while lowering its target from $17.00 to $16.00. RBC Capital reiterated its Outperform rating with a $17.00 target on September 29, 2026. JP Morgan maintained an Overweight rating on October 1, 2026, adjusting its target from $17.00 to $15.50. Across 14 analyst opinions, the stock carries a consensus buy recommendation with a mean price target of $16.64.

About Valley National Bancorp

Valley National Bancorp functions as the holding company for Valley National Bank, delivering commercial, private banking, retail, insurance, and wealth management services. The company organizes its operations across Consumer Banking, Commercial Banking, and Treasury and Corporate other divisions from its headquarters in Morristown, New Jersey. Analysts closely monitor regional banking asset quality and net interest margins to gauge the firm's lending performance.

Bottom Line

Keefe, Bruyette & Woods shifted its stance on Valley National Bancorp to an Outperform rating. Market participants will look ahead to the company's upcoming earnings report on January 28, 2027, for further insight into its financial progress.