Key Takeaways
- JP Morgan has reaffirmed its Overweight recommendation for Valley National Bancorp – Preferred Stock (VLYPN).
- The average one-year price target suggests a potential upside of 18.27% from the current closing price.
- Fund sentiment shows a slight increase in average portfolio allocation to VLYPN, despite a decrease in total institutional shares held.
- Key institutional holders like PFFA and PFF have reduced their positions in VLYPN, while Flaherty & Crumrine Dynamic Preferred & Income Fund has significantly increased its holdings.
JP Morgan Reiterates ‘Overweight’ on Valley National Bancorp Preferred Stock
On October 24, 2025, Fintel reported that JP Morgan maintained its coverage of Valley National Bancorp – Preferred Stock (NasdaqGS:VLYPN) with an Overweight recommendation. This maintains the financial institution’s positive outlook on the preferred stock.
Analyst Price Forecast Indicates Significant Upside Potential
The average one-year price target for Valley National Bancorp – Preferred Stock currently stands at $30.49 per share, as of September 30, 2025. This target falls within a projected range of $25.93 to $35.94. The average price target represents a notable potential increase of 18.27% from the stock’s latest reported closing price of $25.78 per share.
Projected Earnings Per Share
💡 The projected annual non-GAAP EPS for Valley National Bancorp – Preferred Stock is 0.96.
Fund Sentiment and Holdings Analysis
As of the latest filings, 12 funds or institutions report positions in Valley National Bancorp – Preferred Stock. This number has remained consistent over the previous quarter. However, the average portfolio weight allocated to VLYPN by these funds has increased by 9.52% to 0.26%. Despite the increased allocation percentage, the total number of shares owned by institutions saw a decrease of 6.26% in the last three months, totaling 1,811,000 shares.
Key Institutional Holder Activity
Several prominent institutional investors have adjusted their VLYPN holdings. Virtus InfraCap U.S. Preferred Stock ETF (PFFA) holds 921,000 shares, a decrease of 3.88% from its prior filing. PFFA also reduced its portfolio allocation in VLYPN by 12.75% over the last quarter. Similarly, iShares Preferred and Income Securities ETF (PFF) holds 475,000 shares, marking an 8.97% decrease from its previous report. PFF also decreased its portfolio allocation by 7.24%.
Invesco Preferred ETF (PGX) currently holds 234,000 shares, down 4.85% from its prior filing. Notably, PGX increased its portfolio allocation in VLYPN by 1.69% last quarter. Invesco Variable Rate Preferred ETF (VRP) holds 52,000 shares, a slight decrease of 1.62%. VRP also reduced its portfolio allocation in VLYPN by 5.03%.
Conversely, Flaherty & Crumrine Dynamic Preferred & Income Fund has significantly increased its stake, holding 37,000 shares compared to 20,000 shares previously, an increase of 46.84%. This fund also boosted its portfolio allocation in VLYPN by 86.99% over the last quarter.
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Final Thoughts
JP Morgan’s sustained Overweight rating on Valley National Bancorp – Preferred Stock, coupled with an analyst price target suggesting substantial upside, indicates a positive outlook. While overall institutional share count has reduced, a deeper look at individual fund activity reveals mixed strategies, with some increasing their exposure significantly.