Valley National Bancorp: Strong Topline Growth On The Cards

Sheen Bay Research profile picture
Sheen Bay Research
2.95K Followers

Summary

  • The average loan balance for this year will be much higher than last year due to loan acquisitions as well as strong organic growth.
  • Thanks to the recently improved deposit mix, the margin is moderately rate sensitive.
  • The December 2022 target price suggests a high upside from the current market price. Further, VLY is offering a good dividend yield for a bank holding company.

Brooklyn Bridge and skyline New York City USA Manhattan

benedek

Earnings of Valley National Bancorp (NASDAQ:VLY) will most probably surge this year on the back of acquired and organic loan growth. Further, expansion of the net interest margin amid a rising rate environment will lift earnings. Overall, I'm expecting Valley National

Chart
Data by YCharts

Interest Rate Sensitivity Valley National Bancorp

2Q 2022 10-Q Filing

This article was written by

Sheen Bay Research profile picture
2.95K Followers
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: This article is not financial advice. Investors are expected to consider their investment objectives and constraints before investing in the stock(s) mentioned in the article.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.