Valley National Bancorp (VLY) to Release Earnings on Thursday

Valley National Bancorp (NASDAQ:VLY - Get Free Report) is anticipated to post its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect Valley National Bancorp to post earnings of $0.19 per share and revenue of $483.98 million for the quarter.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a net margin of 10.62% and a return on equity of 5.14%. During the same quarter in the prior year, the company posted $0.22 EPS. On average, analysts expect Valley National Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Valley National Bancorp Stock Performance

VLY traded up $0.24 on Tuesday, hitting $8.38. 10,230,449 shares of the company's stock were exchanged, compared to its average volume of 7,109,453. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $8.87 and a two-hundred day moving average of $9.44. Valley National Bancorp has a twelve month low of $6.47 and a twelve month high of $11.10. The firm has a market cap of $4.69 billion, a PE ratio of 12.15 and a beta of 1.06.

Valley National Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, March 14th. Valley National Bancorp's payout ratio is 63.77%.

Insider Activity

In other news, EVP Joseph Chillura sold 50,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $10.21, for a total value of $510,500.00. Following the completion of the sale, the executive vice president now directly owns 495,249 shares of the company's stock, valued at $5,056,492.29. This represents a 9.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VLY shares. Royal Bank of Canada increased their target price on Valley National Bancorp from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Citigroup lifted their price objective on shares of Valley National Bancorp from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Piper Sandler upgraded shares of Valley National Bancorp from a "neutral" rating to an "overweight" rating and set a $11.00 target price for the company in a research report on Monday, March 24th. Stephens reaffirmed an "overweight" rating and set a $12.50 price target on shares of Valley National Bancorp in a report on Thursday, January 2nd. Finally, StockNews.com lowered Valley National Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, April 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.67.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.