VLY, US9197941076

UBS raises target for Valley National stock from USD 15 to USD 16

Published on 10/29/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter net income reached USD 206.3 million, up from USD 170.9 million. Valley National stock stood at EUR 12.60 on October 29, 2026.

Profitability and key dates

Net income for the third quarter of 2026 reached USD 206.3 million on October 22, 2026.
Valley National's efficiency ratio was 49.38 percent in the third quarter of 2026.
The Providence transaction announced on August 25, 2026 involved a bank with USD 1.6 billion in assets.
The common dividend of USD 0.11 per share is payable on January 4, 2027.

VLY, US9197941076, Illustration mit AI erstellt.

Valley National Bancorp (ISIN US9197941076) drew a higher UBS target of USD 16 from USD 15 on October 23, 2026. MarketScreener reported that UBS maintained its Buy rating. The target change followed Valley's third-quarter results.

Profit rose in the third quarter

Valley reported net income of USD 206.3 million for the third quarter of 2026, compared with USD 170.9 million in the second quarter. Diluted earnings were USD 0.36 per share, versus USD 0.29 in the preceding quarter, according to the GlobeNewswire release published on October 22, 2026.

Revenue reached USD 584.2 million in the third quarter, against a consensus estimate of USD 578.5 million. Adjusted earnings per share were USD 0.36 versus USD 0.33 expected, a 9.09 percent beat, while the efficiency ratio improved to 49.38 percent.

What does the efficiency ratio mean?

The 49.38 percent ratio shows that Valley's non-interest expense consumed less than half of revenue before credit costs in the third quarter. Net interest margin increased to 3.28 percent from 3.20 percent in the second quarter, supporting the stronger result.

Three dated developments

On August 25, 2026, Valley announced Providence Bank & Trust would bring USD 1.6 billion in assets and 14 branches, according to the GlobeNewswire release. On September 28, 2026, Valley announced its planned acquisition of Bluevine. The October 22, 2026 results then showed net income of USD 206.3 million.

Upcoming shareholder dates

Valley declared a common dividend of USD 0.11 per share on October 20, 2026. The record date is December 15, 2026, and payment is scheduled for January 4, 2027, according to GlobeNewswire.

Stock indication in euros

At Lang & Schwarz, Valley National stock was trading at EUR 12.60 on October 29, 2026 at 1:17 p.m. CET. The Nasdaq listing is quoted in USD, while the euro indication provides the relevant German-market view.

The further course of trading is shown by the continuously updated real-time quote of Valley National stock.