Valley National Bancorp stock gained 1.18 percent after Bluevine deal
Published on 10/05/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Valley National Bancorp (ISIN US9197941076) was last at USD 12.82 on Nasdaq on October 2, 2026, up 1.18 percent on the session. The bank holding company had just agreed to acquire digital banking platform Bluevine for USD 340 million, putting deposit funding and small-business technology at the center of the investment case.
Bluevine adds digital deposits
According to StockTitan, Valley disclosed the agreement in a filing dated September 28, 2026. The consideration consists of USD 255 million in cash and 6.3 million Valley common shares, subject to transaction adjustments and customary closing conditions.
The deal brings USD 2.1 billion of deposits and 175,000 active small-business customers to Valley. The filing also describes an expected 8 percent accretion to estimated 2028 earnings per share, alongside 5 percent tangible book value dilution at closing and a three-year earn-back period.
Quarterly earnings show scale
Valley reported second-quarter 2026 net income of USD 170.9 million and diluted GAAP EPS of USD 0.29, according to StockTitan. The finance statements place net income at USD 170.885 million for the quarter ended June 30, 2026, compared with USD 163.913 million in the first quarter.
Second-quarter revenue reached USD 560.7 million, up 13.3 percent from the comparable period, while EPS missed the USD 0.31 consensus by USD 0.01. Valley also reported USD 52.5 billion of gross loans and USD 54.1 billion of deposits at June 30, 2026, giving the Bluevine deposit contribution a meaningful balance-sheet context.
Analysts see room above USD 12.82
MarketBeat reported on October 3, 2026, that 16 analysts held a Moderate Buy consensus and an average 12-month price target of USD 16.19. The target lies 26.3 percent above the October 2 price of USD 12.82.
The recent analyst revisions are more cautious than the aggregate rating. MarketBeat reported on October 1, 2026, that JPMorgan cut its target from USD 17.00 to USD 15.50 while maintaining an Overweight rating. Morgan Stanley also lowered its target from USD 17.00 to USD 16.00, showing that the Bluevine opportunity is being weighed against execution and funding risks.
VLY remains below its yearly high
VLY traded between USD 9.64 and USD 15.20 over the 52 weeks through October 2, 2026, leaving the last price 15.7 percent below the yearly high. Market capitalization stood at USD 7.1 billion and volume reached 5,650,192 shares on Nasdaq for the same session.
Valley National Bancorp stock facts
- Company: Valley National Bancorp
- ISIN: US9197941076
- Ticker: VLY
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 12.82
- 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
