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 twelve months. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" VLY shares.
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5 analysts have issued 1 year price targets for Valley National Bancorp's stock. Their VLY share price forecasts range from $12.00 to $15.00. On average, they expect the company's share price to reach $13.43 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
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Valley National Bancorp's stock was trading at $11.31 at the beginning of 2023. Since then, VLY shares have increased by 1.1% and is now trading at $11.43.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Valley National Bancorp (NASDAQ:VLY) released its earnings results on Wednesday, October, 27th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $343.46 million for the quarter, compared to analysts' expectations of $339.41 million. Valley National Bancorp had a trailing twelve-month return on equity of 11.24% and a net margin of 26.05%. During the same period in the prior year, the company posted $0.25 EPS.

Valley National Bancorp announced a quarterly dividend on Monday, November 14th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.11 per share on Tuesday, January 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Wednesday, December 14th.
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 3.85%. The dividend payout ratio is 38.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VLY will have a dividend payout ratio of 28.57% 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 New York State Teachers Retirement System (0.06%), Congress Asset Management Co. MA (0.05%), Comerica Bank (0.04%), Oregon Public Employees Retirement Fund (0.02%), State of Michigan Retirement System (0.02%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Eric P Edelstein, Graham O Jones, Jennifer W Steans, Joseph Chillura, Kevin J Lynch, Kevin J Lynch, Peter V Maio, Ronald H Janis and Sidney S Williams.
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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 $11.43.

Valley National Bancorp (NASDAQ:VLY) has a market capitalization of $5.79 billion and generates $2.18 billion in revenue each year. The company earns $568.85 million in net income (profit) each year or $1.13 on an earnings per share basis.

The company employs 3,370 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.