Watershed Asset Management L.L.C. Acquires Significant Stake in Valley National Bancorp

August 9, 2023

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Valley National Bancorp ($NASDAQ:VLY) (VLY) was recently acquired by the prominent investment firm, Watershed Asset Management L.L.C., on August 5, 2023, with a significant stake in the company. Valley National Bancorp is a regional bank holding company based in Wayne, New Jersey. They offer a variety of banking and financial services, including loans, mortgages, banking products, online banking, and more. The acquisition of VLY by Watershed Asset Management L.L.C. signals their confidence in the company and the bank’s ability to continue to generate steady returns. Watershed is a well-known and respected investment firm with a long history of successful investments. The acquisition of a significant stake in VLY is part of their strategy to diversify their portfolio of investments and capture new revenue opportunities. The partnership between VLY and Watershed Asset Management is expected to be a beneficial long-term relationship for both companies. With Watershed’s financial expertise and VLY’s banking experience, the two are positioned to capitalize on growth opportunities in their respective markets.

In addition, Watershed’s investment in VLY is an endorsement of the bank’s commitment to providing superior customer service and competitive banking options that will help secure its long-term success.

Market Price

On Monday, VALLEY NATIONAL BANCORP stock opened at $10.1 and closed at $10.2, up by 1.5% from prior closing price of 10.1. The move was a sign of confidence in the financial health of the company, which has been steadily increasing its asset base. It is also indicative of the strong potential of the company in the banking sector. With the acquisition, Watershed Asset Management L.L.C. is expected to benefit from VALLEY NATIONAL BANCORP’s excellent customer service, experience and financial stability. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for VLY. More…

    Total Revenues Net Income Net Margin
    626.62
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for VLY. More…

    Operations Investing Financing
    1.43k -6.79k 4.26k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for VLY. More…

    Total Assets Total Liabilities Book Value Per Share
    61.7k 55.13k
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for VLY are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    18.7%
    FCF Margin ROE ROA
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale is proud to present our analysis of VALLEY NATIONAL BANCORP with the help of our Star Chart. After analyzing the company’s financials, we can see that VALLEY NATIONAL BANCORP is strong in growth, asset, dividend, and medium in profitability. When we combined our analysis with the Health Score of 6/10, which takes into account the company’s cash flows and debt, we can conclude that VALLEY NATIONAL BANCORP is in a relatively strong position. Based on our analysis, we have classified VALLEY NATIONAL BANCORP as a ‘cheetah’ due to its high revenue or earnings growth and lower profitability. This type of company may be attractive to investors who are interested in high growth potential, but who also have a slightly higher tolerance for risk. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    It offers a wide range of banking and financial products and services to its customers. Valley National Bancorp’s main competitors are Mechanics Bank, BankUnited Inc, and First Citizens BancShares Inc, all of whom provide similar services to their customers. Each company has its own unique strengths and weaknesses, but all have the same goal of providing quality financial services.

    – Mechanics Bank ($OTCPK:MCHB)

    Mechanics Bank is a full-service bank with branches in California and Nevada. Founded in 1905, it has been providing financial services for over 115 years. The company has a market capitalization of 210.9 million USD as of 2022, which represents its value in the market. Additionally, Mechanics Bank’s Return on Equity (ROE) is 15.34%, which shows that it generates good profits for every dollar it invests into its operations. It offers a wide range of banking services including personal banking, business banking, deposit accounts, loans and credit cards. The company also provides investment services such as wealth management and trust services. With its excellent performance and long history, Mechanics Bank is a great choice for customers looking for quality financial services.

    – BankUnited Inc ($NYSE:BKU)

    BankUnited Inc is a U.S. bank-holding company based in Miami Lakes, Florida. As of 2022, the company had a market cap of 2.67 billion. BankUnited’s primary business is providing a range of financial services to individuals, small businesses, and commercial clients. It offers checking and savings accounts, mortgages, loans, credit cards, and other financial services. BankUnited also provides specialized services such as wealth management, trust services, private banking, and investment management. The company operates primarily through its retail banking locations in Florida and New York, as well as its online banking platform.

    – First Citizens BancShares Inc ($NASDAQ:FCNCA)

    First Citizens BancShares Inc is a financial holding company that provides a wide range of banking services, including commercial and retail banking, mortgage banking, trust services, and asset management. As of 2022, First Citizens BancShares Inc has a market capitalization of 10.95 billion dollars. This value is calculated by multiplying the current stock price by the total number of outstanding shares of the company. The market capitalization is an important indicator of the company’s overall financial health and size in the market.

    Summary

    Valley National Bancorp has recently seen a notable increase in investor interest due to Watershed Asset Management LLC’s acquisition of a significant stake in the company. This has given investors an attractive investment opportunity, as Valley National is a well-established financial services company with a track record of strong financial performance and stability. Analysts have noted the potential for further upside potential associated with the stock, given its relative undervaluation compared to other banking stocks and its robust balance sheet. Going forward, investors should consider this stock as an attractive long-term play as Valley National Bancorp continues to grow its presence in the banking sector.

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