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Valley National announces the completion of merger with Westchester Bank » 08:41
12/01/21
12/01
08:41
12/01/21
08:41
VLY

Valley National

$13.44 /

-0.36 (-2.61%)

Valley National Bancorp…

Valley National Bancorp announced that its merger with The Westchester Bank Holding was completed effective December 1, 2021. Valley will issue approximately 15.7M shares of common stock in the transaction. The common shareholders of Westchester will receive 229.645 shares of Valley common stock for each Westchester share that they own. Effective December 1, 2021, Westchester's wholly-owned subsidiary, The Westchester Bank, was merged into and under the name Valley National Bank. As of September 30, 2021, Westchester had approximately $1.3B in assets, $906M in loans and $1.1B in deposits. The acquisition represents a significant addition to Valley's Westchester County, New York franchise. Full systems integration is expected to be completed in the first quarter of 2022.

ShowHide Related Items >><<
VLY Valley National
$13.44 /

-0.36 (-2.61%)

VLY Valley National
$13.44 /

-0.36 (-2.61%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
VLY Valley National
$13.44 /

-0.36 (-2.61%)

Conference/Events
Piper Sandler to hold a virtual conference » 04:55
11/12/21
11/12
04:55
11/12/21
04:55
ABCB

Ameris Bancorp

$54.69 /

-0.25 (-0.46%)

, CATC

Cambridge Bancorp

$94.92 /

-0.89 (-0.93%)

, CTBI

Community Trust

$45.69 /

+0.12 (+0.26%)

, FFIC

Flushing Financial

$24.26 /

+0.04 (+0.17%)

, HBNC

Horizon Bancorp

$20.12 /

-0.05 (-0.25%)

, INDB

Independent Bank

$89.79 /

+1.3 (+1.47%)

, NBN

Northeast Bancorp

$35.28 /

+0.29 (+0.83%)

, STBA

S&T Bancorp

$32.57 /

+0.195 (+0.60%)

, TBBK

The Bancorp

$32.08 /

+0.17 (+0.53%)

, EQBK

Equity Bancshares

$35.09 /

+0.25 (+0.72%)

, CHCO

City Holding

$83.05 /

+0.03 (+0.04%)

, BUSE

First Busey

$27.69 /

+0.555 (+2.05%)

, MOFG

MidWestOne

$34.20 /

-0.19 (-0.55%)

, HBAN

Huntington Bancshares

$16.29 /

+0.385 (+2.42%)

, VLY

Valley National

$14.53 /

+0.06 (+0.41%)

, UBSI

United Bankshares

$38.81 /

+0.3 (+0.78%)

East Coast Financial…

East Coast Financial Services Conference to be held on November 11-12.

ShowHide Related Items >><<
VLY Valley National
$14.53 /

+0.06 (+0.41%)

UBSI United Bankshares
$38.81 /

+0.3 (+0.78%)

TBBK The Bancorp
$32.08 /

+0.17 (+0.53%)

STBA S&T Bancorp
$32.57 /

+0.195 (+0.60%)

MOFG MidWestOne
$34.20 /

-0.19 (-0.55%)

INDB Independent Bank
$89.79 /

+1.3 (+1.47%)

HBNC Horizon Bancorp
$20.12 /

-0.05 (-0.25%)

HBAN Huntington Bancshares
$16.29 /

+0.385 (+2.42%)

FFIC Flushing Financial
$24.26 /

+0.04 (+0.17%)

EQBK Equity Bancshares
$35.09 /

+0.25 (+0.72%)

CTBI Community Trust
$45.69 /

+0.12 (+0.26%)

CATC Cambridge Bancorp
$94.92 /

-0.89 (-0.93%)

ABCB Ameris Bancorp
$54.69 /

-0.25 (-0.46%)

ABCB Ameris Bancorp
$54.69 /

-0.25 (-0.46%)

09/30/21
Fly Intel: Top five analyst downgrades
09/30/21 Stephens
Ameris Bancorp downgraded to Equal Weight from Overweight at Stephens
04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Raymond James
Ameris Bancorp downgraded to Outperform from Strong Buy at Raymond James
CATC Cambridge Bancorp
$94.92 /

-0.89 (-0.93%)

10/13/21 Janney Montgomery Scott
Cambridge Bancorp initiated with a Buy at Janney Montgomery Scott
07/18/21 Keefe Bruyette
Cambridge Bancorp assumed with an Outperform at Keefe Bruyette
01/26/21 Raymond James
Cambridge Bancorp price target raised to $85 from $70 at Raymond James
CTBI Community Trust
$45.69 /

+0.12 (+0.26%)

12/09/20 Piper Sandler
Community Trust upgraded to Overweight from Neutral at Piper Sandler
FFIC Flushing Financial
$24.26 /

+0.04 (+0.17%)

03/19/21 DA Davidson
Flushing Financial initiated with a Neutral at DA Davidson
03/19/21 DA Davidson
Flushing Financial initiated with a Neutral at DA Davidson
HBNC Horizon Bancorp
$20.12 /

-0.05 (-0.25%)

10/29/21 Raymond James
Horizon Bancorp upgraded to Strong Buy from Outperform at Raymond James
INDB Independent Bank
$89.79 /

+1.3 (+1.47%)

10/25/21
Fly Intel: Top five analyst downgrades
10/25/21 Piper Sandler
Independent Bank downgraded to Neutral from Overweight at Piper Sandler
04/26/21
Fly Intel: Top five analyst upgrades
04/26/21 Raymond James
Meridian Bancorp downgraded to Market Perform from Strong Buy at Raymond James
NBN Northeast Bancorp
$35.28 /

+0.29 (+0.83%)

STBA S&T Bancorp
$32.57 /

+0.195 (+0.60%)

07/12/21 Keefe Bruyette
S&T Bancorp reinstated with a Market Perform at Keefe Bruyette
01/11/21 DA Davidson
S&T Bancorp downgraded to Neutral from Buy at DA Davidson
01/11/21 DA Davidson
S&T Bancorp downgraded to Neutral from Buy at DA Davidson
TBBK The Bancorp
$32.08 /

+0.17 (+0.53%)

01/15/21 Piper Sandler
The Bancorp price target raised to $19 from $17 at Piper Sandler
EQBK Equity Bancshares
$35.09 /

+0.25 (+0.72%)

CHCO City Holding
$83.05 /

+0.03 (+0.04%)

BUSE First Busey
$27.69 /

+0.555 (+2.05%)

08/03/21 B. Riley
First Busey price target lowered to $27 from $29 at B. Riley
03/17/21 B. Riley
First Busey price target raised to $29 from $26 at B. Riley Securities
01/07/21 B. Riley
First Busey price target raised to $26 from $24 at B. Riley Securities
12/04/20 B. Riley
First Busey price target raised to $24 from $20 at B. Riley Securities
MOFG MidWestOne
$34.20 /

-0.19 (-0.55%)

HBAN Huntington Bancshares
$16.29 /

+0.385 (+2.42%)

09/07/21 Baird
Huntington Bancshares weakness a buying opportunity, says Baird
08/18/21 Goldman Sachs
Huntington Bancshares reinstated with a Buy at Goldman Sachs
07/06/21 Keefe Bruyette
Huntington Bancshares assumed with a Market Perform at Keefe Bruyette
06/23/21 Raymond James
Huntington Bancshares upgraded to Strong Buy from Outperform at Raymond James
VLY Valley National
$14.53 /

+0.06 (+0.41%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
UBSI United Bankshares
$38.81 /

+0.3 (+0.78%)

02/01/21 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
02/01/21 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
11/18/20 Keefe Bruyette
United Bankshares downgraded to Market Perform at Keefe Bruyette
VLY Valley National
$14.53 /

+0.06 (+0.41%)

UBSI United Bankshares
$38.81 /

+0.3 (+0.78%)

TBBK The Bancorp
$32.08 /

+0.17 (+0.53%)

STBA S&T Bancorp
$32.57 /

+0.195 (+0.60%)

MOFG MidWestOne
$34.20 /

-0.19 (-0.55%)

INDB Independent Bank
$89.79 /

+1.3 (+1.47%)

HBNC Horizon Bancorp
$20.12 /

-0.05 (-0.25%)

HBAN Huntington Bancshares
$16.29 /

+0.385 (+2.42%)

FFIC Flushing Financial
$24.26 /

+0.04 (+0.17%)

EQBK Equity Bancshares
$35.09 /

+0.25 (+0.72%)

CTBI Community Trust
$45.69 /

+0.12 (+0.26%)

CHCO City Holding
$83.05 /

+0.03 (+0.04%)

CATC Cambridge Bancorp
$94.92 /

-0.89 (-0.93%)

BUSE First Busey
$27.69 /

+0.555 (+2.05%)

ABCB Ameris Bancorp
$54.69 /

-0.25 (-0.46%)

STBA S&T Bancorp
$32.57 /

+0.195 (+0.60%)

UBSI United Bankshares
$38.81 /

+0.3 (+0.78%)

HBAN Huntington Bancshares
$16.29 /

+0.385 (+2.42%)

Conference/Events
Piper Sandler to hold a virtual conference » 09:27
11/11/21
11/11
09:27
11/11/21
09:27
ABCB

Ameris Bancorp

$54.93 /

+0.19 (+0.35%)

, CATC

Cambridge Bancorp

$95.85 /

+0.15 (+0.16%)

, CTBI

Community Trust

$45.46 /

-0.1 (-0.22%)

, FFIC

Flushing Financial

$24.23 /

-0.09 (-0.37%)

, HBNC

Horizon Bancorp

$20.16 /

-0.04 (-0.20%)

, INDB

Independent Bank

$88.53 /

-3.08 (-3.36%)

, NBN

Northeast Bancorp

$34.80 /

+0.14 (+0.40%)

, STBA

S&T Bancorp

$32.38 /

+0.225 (+0.70%)

, TBBK

The Bancorp

$31.94 /

-0.37 (-1.15%)

, EQBK

Equity Bancshares

$34.63 /

+0.77 (+2.27%)

, CHCO

City Holding

$82.96 /

+0.3 (+0.36%)

, BUSE

First Busey

$27.19 /

+0.31 (+1.15%)

, MOFG

MidWestOne

$34.09 /

-0.07 (-0.20%)

, HBAN

Huntington Bancshares

$15.90 /

+0.035 (+0.22%)

, VLY

Valley National

$14.47 /

-0.005 (-0.03%)

, UBSI

United Bankshares

$38.49 /

+0.16 (+0.42%)

East Coast Financial…

East Coast Financial Services Conference to be held on November 11-12.

ShowHide Related Items >><<
VLY Valley National
$14.47 /

-0.005 (-0.03%)

UBSI United Bankshares
$38.49 /

+0.16 (+0.42%)

TBBK The Bancorp
$31.94 /

-0.37 (-1.15%)

STBA S&T Bancorp
$32.38 /

+0.225 (+0.70%)

MOFG MidWestOne
$34.09 /

-0.07 (-0.20%)

INDB Independent Bank
$88.53 /

-3.08 (-3.36%)

HBNC Horizon Bancorp
$20.16 /

-0.04 (-0.20%)

HBAN Huntington Bancshares
$15.90 /

+0.035 (+0.22%)

FFIC Flushing Financial
$24.23 /

-0.09 (-0.37%)

EQBK Equity Bancshares
$34.63 /

+0.77 (+2.27%)

CTBI Community Trust
$45.46 /

-0.1 (-0.22%)

CATC Cambridge Bancorp
$95.85 /

+0.15 (+0.16%)

ABCB Ameris Bancorp
$54.93 /

+0.19 (+0.35%)

ABCB Ameris Bancorp
$54.93 /

+0.19 (+0.35%)

09/30/21
Fly Intel: Top five analyst downgrades
09/30/21 Stephens
Ameris Bancorp downgraded to Equal Weight from Overweight at Stephens
04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Raymond James
Ameris Bancorp downgraded to Outperform from Strong Buy at Raymond James
CATC Cambridge Bancorp
$95.85 /

+0.15 (+0.16%)

10/13/21 Janney Montgomery Scott
Cambridge Bancorp initiated with a Buy at Janney Montgomery Scott
07/18/21 Keefe Bruyette
Cambridge Bancorp assumed with an Outperform at Keefe Bruyette
01/26/21 Raymond James
Cambridge Bancorp price target raised to $85 from $70 at Raymond James
CTBI Community Trust
$45.46 /

-0.1 (-0.22%)

12/09/20 Piper Sandler
Community Trust upgraded to Overweight from Neutral at Piper Sandler
FFIC Flushing Financial
$24.23 /

-0.09 (-0.37%)

03/19/21 DA Davidson
Flushing Financial initiated with a Neutral at DA Davidson
03/19/21 DA Davidson
Flushing Financial initiated with a Neutral at DA Davidson
HBNC Horizon Bancorp
$20.16 /

-0.04 (-0.20%)

10/29/21 Raymond James
Horizon Bancorp upgraded to Strong Buy from Outperform at Raymond James
INDB Independent Bank
$88.53 /

-3.08 (-3.36%)

10/25/21
Fly Intel: Top five analyst downgrades
10/25/21 Piper Sandler
Independent Bank downgraded to Neutral from Overweight at Piper Sandler
04/26/21
Fly Intel: Top five analyst upgrades
04/26/21 Raymond James
Meridian Bancorp downgraded to Market Perform from Strong Buy at Raymond James
NBN Northeast Bancorp
$34.80 /

+0.14 (+0.40%)

STBA S&T Bancorp
$32.38 /

+0.225 (+0.70%)

07/12/21 Keefe Bruyette
S&T Bancorp reinstated with a Market Perform at Keefe Bruyette
01/11/21 DA Davidson
S&T Bancorp downgraded to Neutral from Buy at DA Davidson
01/11/21 DA Davidson
S&T Bancorp downgraded to Neutral from Buy at DA Davidson
TBBK The Bancorp
$31.94 /

-0.37 (-1.15%)

01/15/21 Piper Sandler
The Bancorp price target raised to $19 from $17 at Piper Sandler
EQBK Equity Bancshares
$34.63 /

+0.77 (+2.27%)

CHCO City Holding
$82.96 /

+0.3 (+0.36%)

BUSE First Busey
$27.19 /

+0.31 (+1.15%)

08/03/21 B. Riley
First Busey price target lowered to $27 from $29 at B. Riley
03/17/21 B. Riley
First Busey price target raised to $29 from $26 at B. Riley Securities
01/07/21 B. Riley
First Busey price target raised to $26 from $24 at B. Riley Securities
12/04/20 B. Riley
First Busey price target raised to $24 from $20 at B. Riley Securities
MOFG MidWestOne
$34.09 /

-0.07 (-0.20%)

HBAN Huntington Bancshares
$15.90 /

+0.035 (+0.22%)

09/07/21 Baird
Huntington Bancshares weakness a buying opportunity, says Baird
08/18/21 Goldman Sachs
Huntington Bancshares reinstated with a Buy at Goldman Sachs
07/06/21 Keefe Bruyette
Huntington Bancshares assumed with a Market Perform at Keefe Bruyette
06/23/21 Raymond James
Huntington Bancshares upgraded to Strong Buy from Outperform at Raymond James
VLY Valley National
$14.47 /

-0.005 (-0.03%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
UBSI United Bankshares
$38.49 /

+0.16 (+0.42%)

02/01/21 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
02/01/21 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
11/18/20 Keefe Bruyette
United Bankshares downgraded to Market Perform at Keefe Bruyette
VLY Valley National
$14.47 /

-0.005 (-0.03%)

UBSI United Bankshares
$38.49 /

+0.16 (+0.42%)

TBBK The Bancorp
$31.94 /

-0.37 (-1.15%)

STBA S&T Bancorp
$32.38 /

+0.225 (+0.70%)

MOFG MidWestOne
$34.09 /

-0.07 (-0.20%)

INDB Independent Bank
$88.53 /

-3.08 (-3.36%)

HBNC Horizon Bancorp
$20.16 /

-0.04 (-0.20%)

HBAN Huntington Bancshares
$15.90 /

+0.035 (+0.22%)

FFIC Flushing Financial
$24.23 /

-0.09 (-0.37%)

EQBK Equity Bancshares
$34.63 /

+0.77 (+2.27%)

CTBI Community Trust
$45.46 /

-0.1 (-0.22%)

CHCO City Holding
$82.96 /

+0.3 (+0.36%)

CATC Cambridge Bancorp
$95.85 /

+0.15 (+0.16%)

BUSE First Busey
$27.19 /

+0.31 (+1.15%)

ABCB Ameris Bancorp
$54.93 /

+0.19 (+0.35%)

STBA S&T Bancorp
$32.38 /

+0.225 (+0.70%)

UBSI United Bankshares
$38.49 /

+0.16 (+0.42%)

HBAN Huntington Bancshares
$15.90 /

+0.035 (+0.22%)

Over a month ago
Conference/Events
Stephens to holda field trip » 09:08
11/01/21
11/01
09:08
11/01/21
09:08
CNOB

ConnectOne Bancorp

$33.83 /

+0.6 (+1.81%)

, DCOM

Dime Community

$35.71 /

+1.16 (+3.36%)

, HOMB

Home Bancshares

$23.78 /

+0.3 (+1.28%)

, OCFC

OceanFirst Financial

$22.19 /

-0.21 (-0.94%)

, OZK

Bank OZK

$44.66 /

+0.76 (+1.73%)

, STLY

Stanley Furniture

$8.35 /

-0.4 (-4.57%)

, VLY

Valley National

$13.26 /

-0.295 (-2.18%)

, WBS

Webster Financial

$55.96 /

-0.33 (-0.59%)

New York City Bank Field…

New York City Bank Field Trip travels throughout New York on November 1.

ShowHide Related Items >><<
WBS Webster Financial
$55.96 /

-0.33 (-0.59%)

VLY Valley National
$13.26 /

-0.295 (-2.18%)

OZK Bank OZK
$44.66 /

+0.76 (+1.73%)

OCFC OceanFirst Financial
$22.19 /

-0.21 (-0.94%)

HOMB Home Bancshares
$23.78 /

+0.3 (+1.28%)

DCOM Dime Community
$35.71 /

+1.16 (+3.36%)

CNOB ConnectOne Bancorp
$33.83 /

+0.6 (+1.81%)

CNOB ConnectOne Bancorp
$33.83 /

+0.6 (+1.81%)

07/30/21 Raymond James
ConnectOne Bancorp price target raised to $40 from $35 at Raymond James
02/18/21 Seaport Global
ConnectOne Bancorp initiated with a Buy at Seaport Global
02/18/21 Seaport Global
ConnectOne Bancorp initiated with a Buy at Seaport Global
12/17/20 Piper Sandler
ConnectOne Bancorp initiated with an Overweight at Piper Sandler
DCOM Dime Community
$35.71 /

+1.16 (+3.36%)

05/10/21 Stephens
Dime Community upgraded to Overweight at Stephens following 'solid' Q1
05/10/21 Stephens
Dime Community upgraded to Overweight from Equal Weight at Stephens
04/06/21 Raymond James
Dime Community upgraded to Strong Buy from Outperform at Raymond James
04/06/21 Raymond James
Dime Community upgraded to Strong Buy from Outperform at Raymond James
HOMB Home Bancshares
$23.78 /

+0.3 (+1.28%)

07/16/21
Fly Intel: Top five analyst downgrades
07/16/21 Raymond James
Home Bancshares downgraded to Market Perform from Outperform at Raymond James
07/16/21 Raymond James
Home Bancshares downgraded to Market Perform from Outperform at Raymond James
04/14/21 Citi
Home Bancshares price target raised to $27 from $22 at Citi
OCFC OceanFirst Financial
$22.19 /

-0.21 (-0.94%)

08/06/21 Piper Sandler
OceanFirst Financial upgraded to Overweight from Neutral at Piper Sandler
08/04/21 Stephens
OceanFirst Financial upgraded to Overweight from Equal Weight at Stephens
05/06/21
Fly Intel: Top five analyst downgrades
05/06/21 Stephens
OceanFirst downgraded to Equal Weight at Stephens after NIM disappoints
OZK Bank OZK
$44.66 /

+0.76 (+1.73%)

06/04/21 Wells Fargo
Bank OZK upgraded to Overweight from Equal Weight at Wells Fargo
04/14/21 Citi
Bank OZK price target raised to $40 from $37 at Citi
03/08/21 Truist
Bank OZK price target raised to $45 from $37 at Truist
01/26/21 Citi
Bank OZK price target raised to $37 from $32 at Citi
STLY Stanley Furniture
$8.35 /

-0.4 (-4.57%)

VLY Valley National
$13.26 /

-0.295 (-2.18%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
WBS Webster Financial
$55.96 /

-0.33 (-0.59%)

07/23/21 Wedbush
Webster Financial price target lowered to $60 from $65 at Wedbush
06/03/21 Raymond James
Webster Financial price target raised to $64 from $59 at Raymond James
04/22/21
Fly Intel: Top five analyst upgrades
WBS Webster Financial
$55.96 /

-0.33 (-0.59%)

VLY Valley National
$13.26 /

-0.295 (-2.18%)

OZK Bank OZK
$44.66 /

+0.76 (+1.73%)

OCFC OceanFirst Financial
$22.19 /

-0.21 (-0.94%)

HOMB Home Bancshares
$23.78 /

+0.3 (+1.28%)

DCOM Dime Community
$35.71 /

+1.16 (+3.36%)

CNOB ConnectOne Bancorp
$33.83 /

+0.6 (+1.81%)

Earnings
Valley National reports Q3 EPS 29c, consensus 29c » 08:17
10/28/21
10/28
08:17
10/28/21
08:17
VLY

Valley National

$13.42 /

-0.48 (-3.45%)

Valley's regulatory…

Valley's regulatory capital ratios continue to reflect its well capitalized position. Valley's total risk-based capital, common equity Tier 1 capital, Tier 1 capital and Tier 1 leverage capital ratios were 13.24%, 10.06%, 10.73% and 8.63%, respectively, at September 30, 2021. Ira Robbins, CEO and President commented, "Our third quarter 2021 earnings continue to reflect the strength and quality of our balance sheet, disciplined loan pricing and the ability to manage our net interest margin in a very challenging market rate environment. Linked quarter non-PPP loan growth was 8 percent, and remained well-diversified in the third quarter." Mr. Robbins continued, "Additionally, we are very excited about our pending acquisitions of Bank Leumi and The Westchester Bank Holding Corporation, and our recent acquisition of Dudley Ventures. Integration of these businesses will offer unparalleled opportunities for us to expand our capabilities, cross sell services, broaden our reach into new markets and further our ability to positively impact our clients and communities."

ShowHide Related Items >><<
VLY Valley National
$13.42 /

-0.48 (-3.45%)

VLY Valley National
$13.42 /

-0.48 (-3.45%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
VLY Valley National
$13.42 /

-0.48 (-3.45%)

Hot Stocks
Valley National reports regulatory approvals for Westchester Bank acquisition » 15:00
10/27/21
10/27
15:00
10/27/21
15:00
VLY

Valley National

$13.48 /

-0.425 (-3.06%)

Valley National Bancorp,…

Valley National Bancorp, the holding company for Valley National Bank, announced that regulatory approvals for the previously announced acquisition of The Westchester Bank Holding Corporation, and its banking subsidiary The Westchester Bank, has been received from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the New York State Department of Financial Services. No further regulatory approvals are required to complete the acquisition and merger of Westchester into Valley. Westchester stockholders had previously approved the merger on October 5. The acquisition is anticipated to close on December 1, pending the satisfaction of customary closing conditions.

ShowHide Related Items >><<
VLY Valley National
$13.48 /

-0.425 (-3.06%)

VLY Valley National
$13.48 /

-0.425 (-3.06%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
VLY Valley National
$13.48 /

-0.425 (-3.06%)

Hot Stocks
Valley National acquires Dudley Ventures, affiliates, terms not disclosed » 08:39
10/13/21
10/13
08:39
10/13/21
08:39
VLY

Valley National

$13.66 /

+0.02 (+0.15%)

Valley National Bancorp…

Valley National Bancorp announced that it is has acquired Arizona-based Dudley Ventures, an advisory firm specializing in the investment and management of tax credits. Over its greater than 20-year history, Dudley Ventures and its affiliates have invested over $2B in tax credit transactions. The transaction includes the acquisition of Dudley Ventures' entities DV Community Investment, DV Fund Advisors and Dudley Ventures Advisory Services. Dudley Ventures provides advisory, structuring, syndication, and placement of federal and state tax credit funds. Through their Community Development Entity, DV Community Investment has been awarded more than $500M in New Markets Tax Credit allocations from the CDFI fund over the past 10 years.

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VLY Valley National
$13.66 /

+0.02 (+0.15%)

VLY Valley National
$13.66 /

+0.02 (+0.15%)

09/24/21 Citi
Valley National upgraded to Neutral from Sell at Citi
09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
VLY Valley National
$13.66 /

+0.02 (+0.15%)

Upgrade
Valley National upgraded to Neutral from Sell at Citi » 06:26
09/24/21
09/24
06:26
09/24/21
06:26
VLY

Valley National

$12.89 /

+0.83 (+6.88%)

Citi analyst Arren…

Citi analyst Arren Cyganovich upgraded Valley National Bancorp to Neutral from Sell with a price target of $14, up from $12. The company's acquisition of Bank Leumi USA "addresses several issues that we were concerned about," Cyganovich tells investors in a research note. The deal enhances Valley's deposit base, improves its relatively high loan/deposit ratio, and further improves its efficiency ratio, says the analyst.

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VLY Valley National
$12.89 /

+0.83 (+6.88%)

VLY Valley National
$12.89 /

+0.83 (+6.88%)

09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
11/22/20 Keefe Bruyette
Valley National price target raised to $11.50 from $11 at Keefe Bruyette
VLY Valley National
$12.89 /

+0.83 (+6.88%)

Hot Stocks
Valley National to acquire Bank Leumi USA » 06:47
09/23/21
09/23
06:47
09/23/21
06:47
VLY

Valley National

$12.06 /

+0.26 (+2.20%)

Valley National and Bank…

Valley National and Bank Leumi Le-Israel have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel, and parent company of Bank Leumi USA. As a result of the transaction, Valley will expand its technology and venture capital banking business, and Bank Leumi Le-Israel will enhance its exposure to the U.S. banking market. Bank Leumi provides full-service relationship banking for middle-market commercial clients and private banking services for high net-worth individuals. As of June 30, Bank Leumi had total assets of $8.4B, total deposits of $7.1B, and gross loans of $5.4B. Bank Leumi operates five commercial offices in New York, Los Angeles, Palo Alto, Chicago, and Miami. As of June 30, the private bank contained approximately $4.1B of AUM. The transaction is expected to be approximately 7% accretive to Valley's 2023 earnings on a fully-phased in basis. Tangible book value dilution is expected to be roughly 1% with an earnback period of approximately one year. The transaction is expected to be effectively neutral to Valley's tangible common equity to tangible asset ratio at close. Shareholders of Leumi will receive 3.8025 shares of Valley common stock and $5.08 in cash for each share of Leumi common stock they own. The transaction is valued at an estimated $1.15B. Upon completion of the acquisition, Bank Leumi Le-Israel B.M. will own over 14% of Valley's common stock. Valley will add two directors designated by Bank Leumi Le-Israel B.M. to its board of directors. Bank Leumi Le-Israel B.M. has agreed to a four-year lock-up with respect to the shares of Valley common stock issued in the transaction. Inclusive of the impact of the proposed acquisition of The Westchester Bank which is expected to close in Q4, Valley would have $51B of assets, $42B of deposits and $39B of loans. The transaction is expected to close by late 1Q or early 2Q22. Leumi shareholders have already approved the transaction.

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VLY Valley National
$12.06 /

+0.26 (+2.20%)

VLY Valley National
$12.06 /

+0.26 (+2.20%)

09/17/21 Hovde Group
Valley National upgraded to Outperform from Market Perform at Hovde Group
04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
11/22/20 Keefe Bruyette
Valley National price target raised to $11.50 from $11 at Keefe Bruyette
VLY Valley National
$12.06 /

+0.26 (+2.20%)

Upgrade
Valley National upgraded to Outperform from Market Perform at Hovde Group » 05:53
09/17/21
09/17
05:53
09/17/21
05:53
VLY

Valley National

$11.87 /

-0.125 (-1.04%)

Hovde Group analyst Bryce…

Hovde Group analyst Bryce Rowe upgraded Valley National Bancorp to Outperform from Market Perform.

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VLY Valley National
$11.87 /

-0.125 (-1.04%)

VLY Valley National
$11.87 /

-0.125 (-1.04%)

04/14/21 Citi
Valley National price target raised to $12 from $9 at Citi
02/09/21 Keefe Bruyette
Valley National transferred with Outperform at Keefe Bruyette
11/22/20 Keefe Bruyette
Valley National price target raised to $11.50 from $11 at Keefe Bruyette
VLY Valley National
$11.87 /

-0.125 (-1.04%)

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