Valley National Bancorp stock gained 1.18 percent after Bluevine deal
Published on 10/04/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Valley National Bancorp (US9197941076) closed at USD 12.82 on Nasdaq on October 2, 2026, gaining 1.18 percent from the prior session. The move followed the bank's agreement to acquire Bluevine for USD 340 million, a transaction that expands its digital small-business platform.
Bluevine adds digital deposits
According to GlobeNewswire on September 28, 2026, Valley said the deal would bring Bluevine's digital banking capabilities and small-business customer platform into the group.
The transaction is expected to close in early 2027, subject to regulatory approvals and customary closing conditions, according to StockTitan. The acquisition therefore adds execution and approval milestones alongside its strategic benefits.
Quarterly revenue rose 13.3 percent
Valley reported USD 560.74 million in revenue for the second quarter of 2026, up 13.3 percent year over year, while adjusted EPS reached USD 0.30 against a USD 0.31 consensus estimate, MarketBeat reported on October 3, 2026.
The quarter also showed a mixed operating signal: revenue increased from USD 557.16 million expected by analysts, but adjusted EPS remained below the USD 0.31 estimate. That contrast makes the Bluevine deal's funding and technology rationale important for the next phase of the investment case.
Analysts see upside to USD 16.19
MarketBeat reported on October 3, 2026, that 16 analysts carried a Moderate Buy consensus, including 9 Buy, 3 Strong Buy and 4 Hold ratings. The average 12-month target of USD 16.19 stood 26.29 percent above the USD 12.82 closing price.
JPMorgan maintained an Overweight rating while cutting its target from USD 17.00 to USD 15.50 on October 1, 2026, according to MarketBeat. The target reduction tempers the broader consensus and places greater weight on deal execution.
VLY closed at USD 12.82
VLY closed at USD 12.82 on Nasdaq on October 2, 2026, with a 52-week range of USD 9.64 to USD 15.20. Valley National Bancorp had a market capitalization of USD 7.1 billion and volume of 5,650,189 shares on that session.
Valley National Bancorp stock at a glance
- Company: Valley National Bancorp
- ISIN: US9197941076
- Ticker: VLY
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. EDT): USD 12.82, closing price
- Market capitalization: USD 7.1 billion (as of October 2, 2026)
- 52-week range: USD 9.64-15.20 (as of October 2, 2026)
- Sector / Industry: Financial Services / Banks - Regional
