Valley National Bancorp Stock Price, News & Analysis (NASDAQ:VLY)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Valley National Bancorp in the last twelve months. There are currently 1 sell rating, 5 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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8 Wall Street research analysts have issued twelve-month price targets for Valley National Bancorp's shares. Their VLY share price targets range from $8.00 to $14.50. On average, they expect the company's share price to reach $10.44 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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Valley National Bancorp's stock was trading at $11.31 on January 1st, 2023. Since then, VLY shares have decreased by 12.0% and is now trading at $9.95.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our VLY earnings forecast.

Valley National Bancorp (NASDAQ:VLY) issued its quarterly earnings data on Thursday, October, 26th. The company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The firm earned $871.68 million during the quarter, compared to the consensus estimate of $471.14 million. Valley National Bancorp had a trailing twelve-month return on equity of 9.82% and a net margin of 18.93%. During the same period in the prior year, the firm posted $0.35 earnings per share.

Valley National Bancorp declared a quarterly dividend on Wednesday, December 6th. Investors of record on Thursday, December 14th will be paid a dividend of $0.11 per share on Wednesday, January 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, December 13th.
Read our dividend analysis for VLY.

Valley National Bancorp (NASDAQ:VLY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 4.43%. VLY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VLY will have a dividend payout ratio of 41.90% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Nasdaq Bank ETF (FTXO), iShares U.S. Regional Banks ETF (IAT), WBI Power Factor High Dividend ETF (WBIY) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

Valley National Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (3.03%), American Century Companies Inc. (2.57%), Charles Schwab Investment Management Inc. (1.19%), Bank of New York Mellon Corp (1.05%), Northern Trust Corp (0.99%) and Victory Capital Management Inc. (0.97%). Insiders that own company stock include Avner Mendelson, Dafna Landau, Joseph Chillura, 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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