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Zacks Investment Research downgraded Valley National Bancorp (NYSE:VLY) to Sell in a report released today.

Just yesterday Valley National Bancorp (NYSE:VLY) traded 0.78% higher at $11.67. Valley National Bancorp’s 50-day moving average is $11.58 and its 200-day moving average is $10.05. The last stock price is up 16.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 1,539,206 shares of VLY traded hands, down from an average trading volume of 2,199,390

Zacks Investment Research has downgraded Valley National Bancorp (NYSE:VLY) to Sell in a report released on 01/11/2017.

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Valley National Bancorp (NYSE:VLY)

Valley National Bancorp has 52 week low of $8.31 and a 52 week high of $12.14 with a PE ratio of 25.45 and has a market capitalization of $0.

Brief Synopsis On Valley National Bancorp (NYSE:VLY)

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company's segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company's investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.

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