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

8 Wall Street 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 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 12 month price objectives for Valley National Bancorp's stock. Their VLY share price targets range from $8.00 to $14.50. On average, they expect the company's stock price to reach $10.44 in the next twelve months. This suggests a possible upside of 8.7% 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 shares have decreased by 15.0% and is now trading at $9.61.
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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 results on Thursday, October, 26th. The company reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. The business had revenue of $871.68 million for the quarter, compared to analyst estimates of $471.14 million. Valley National Bancorp had a net margin of 18.93% and a trailing twelve-month return on equity of 9.82%. During the same period last year, the business earned $0.35 earnings per share.

Valley National Bancorp declared a quarterly dividend on Monday, August 14th. Investors of record on Thursday, September 14th will be paid a dividend of $0.11 per share on Monday, October 2nd. This represents a $0.44 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, September 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 4.58%. 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 retail and institutional 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, Graham O Jones, 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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