Valley National Bancorp (VLY) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Valley National Bancorp in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VLY, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 1 year target prices for Valley National Bancorp's stock. Their VLY share price forecasts range from $9.00 to $14.50. On average, they expect the company's stock price to reach $12.08 in the next twelve months. This suggests a possible upside of 60.9% from the stock's current price.
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Valley National Bancorp's stock was trading at $11.31 at the beginning of the year. Since then, VLY stock has decreased by 33.6% and is now trading at $7.51.
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Valley National Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 30,400,000 shares, an increase of 19.6% from the April 30th total of 25,420,000 shares. Based on an average trading volume of 7,040,000 shares, the days-to-cover ratio is currently 4.3 days.
View Valley National Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our VLY earnings forecast.

Valley National Bancorp (NASDAQ:VLY) announced its earnings results on Thursday, April, 27th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $490.30 million for the quarter, compared to the consensus estimate of $520.58 million. Valley National Bancorp had a trailing twelve-month return on equity of 11.15% and a net margin of 23.22%. The company's quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS.

Valley National Bancorp announced a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.11 per share on Monday, July 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for VLY.

ETFs with the largest weight of Valley National Bancorp (NASDAQ:VLY) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), First Trust Nasdaq Bank ETF (FTXO), iShares U.S. Regional Banks ETF (IAT), Invesco S&P MidCap Value with Momentum ETF (XMVM), Direxion Daily Regional Banks Bull 3x Shares (DPST) and iShares Select Dividend ETF (DVY).

Valley National Bancorp (NASDAQ:VLY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 5.69%. VLY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VLY will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VLY.

Valley National Bancorp trades on the NASDAQ under the ticker symbol "VLY."

Valley National Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.57%), Dimensional Fund Advisors LP (4.26%), State Street Corp (4.16%), Macquarie Group Ltd. (3.68%), American Century Companies Inc. (2.12%) and Wellington Management Group LLP (1.86%). Insiders that own company stock include Avner Mendelson, Dafna Landau, Graham O Jones, Joseph Chillura, Kevin J Lynch, Kevin J Lynch, Marc J Lenner, Sidney S Williams and Suresh L Sani.
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Shares of VLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VLY stock can currently be purchased for approximately $7.51.

Valley National Bancorp (NASDAQ:VLY) has a market capitalization of $3.81 billion and generates $2.18 billion in revenue each year. The company earns $568.85 million in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 3,826 workers across the globe.

Valley National Bancorp's mailing address is ONE PENN PLAZA, NEW YORK NY, 10119. The official website for the company is www.valley.com. The company can be reached via phone at (973) 305-8800, via email at investorrelations@valleynationalbank.com, or via fax at 973-305-1605.