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TD Cowen Keeps Their Buy Rating on Valley National Bancorp (VLY)

Tipranks - Tipranks - Sat Jan 31, 8:16AM CST

TD Cowen analyst Janet Lee maintained a Buy rating on Valley National Bancorp today and set a price target of $16.00.

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Lee covers the Financial sector, focusing on stocks such as First Horizon, Bank OZK, and Columbia Banking System. According to TipRanks, Lee has an average return of 3.1% and a 64.81% success rate on recommended stocks.

In addition to TD Cowen, Valley National Bancorp also received a Buy from Truist Financial’s David Smith -CFA in a report issued today. However, on the same day, KBW maintained a Hold rating on Valley National Bancorp (NASDAQ: VLY).

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Based on Valley National Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $891.81 million and a net profit of $163.36 million. In comparison, last year the company earned a revenue of $913.9 million and had a net profit of $97.86 million

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