Hovde Group Initiates Coverage of Valley National Bancorp - Preferred Stock (VLYPN) with Outperform Recommendation
2025-09-11 24:23
US
Fintel reports that on September 10, 2025, Hovde Group initiated coverage of Valley National Bancorp - Preferred Stock (NasdaqGS:VLYPN) with a Outperform recommendation.
Analyst Price Forecast Suggests 10.09% Upside
As of August 22, 2025, the average one-year price target for Valley National Bancorp - Preferred Stock is $29.02/share. The forecasts range from a low of $26.80 to a high of $30.65. The average price target represents an increase of 10.09% from its latest reported closing price of $26.36 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual non-GAAP EPS is 0.96.
What is the Fund Sentiment?
There are 12 funds or institutions reporting positions in Valley National Bancorp - Preferred Stock. This is an increase of 1 owner(s) or 9.09% in the last quarter. Average portfolio weight of all funds dedicated to VLYPN is 0.30%, an increase of 5.21%. Total shares owned by institutions increased in the last three months by 5.31% to 1,895K shares.
What are Other Shareholders Doing?
PFFA - Virtus InfraCap U.S. Preferred Stock ETF holds 957K shares. In its prior filing, the firm reported owning 888K shares , representing an increase of 7.22%. The firm increased its portfolio allocation in VLYPN by 1.39% over the last quarter.
PFF - iShares Preferred and Income Securities ETF holds 475K shares. In its prior filing, the firm reported owning 518K shares , representing a decrease of 8.97%. The firm decreased its portfolio allocation in VLYPN by 7.24% over the last quarter.
PGX - Invesco Preferred ETF holds 234K shares. In its prior filing, the firm reported owning 245K shares , representing a decrease of 4.85%. The firm increased its portfolio allocation in VLYPN by 1.69% over the last quarter.
PFLD - AAM Low Duration Preferred and Income Securities ETF holds 64K shares.
VRP - Invesco Variable Rate Preferred ETF holds 52K shares. In its prior filing, the firm reported owning 53K shares , representing a decrease of 1.62%. The firm decreased its portfolio allocation in VLYPN by 5.03% over the last quarter.
