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Valley National Bancorp (NASDAQ:VLY) traded at a new 52-week high today of $14.89. So far today approximately 248,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.
Valley National Bancorp is a bank holding company whose principal wholly owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.
Valley National Bancorp (NASDAQ:VLY) defies analysts with a current price ($14.87) 15.3% above its average consensus price target of $12.60.
In the past 52 weeks, shares of Valley National Bancorp have traded between a low of $10.02 and a high of $14.89 and is now at $14.87, which is 48% above that low price.
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