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NASDAQ:VLY

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

$7.56
-0.10 (-1.31%)
(As of 11:33 AM ET)
Today's Range
$7.53
$7.71
50-Day Range
$7.01
$8.05
52-Week Range
$6.97
$11.22
Volume
667,396 shs
Average Volume
5.81 million shs
Market Capitalization
$3.85 billion
P/E Ratio
8.89
Dividend Yield
5.82%
Price Target
$9.33

Valley National Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
21.8% Upside
$9.33 Price Target
Short Interest
Healthy
7.13% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.85mentions of Valley National Bancorp in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$406,669 Sold Last Quarter
Proj. Earnings Growth
19.54%
From $0.87 to $1.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Finance Sector

108th out of 854 stocks

National Commercial Banks Industry

19th out of 81 stocks

VLY stock logo

About Valley National Bancorp Stock (NASDAQ:VLY)

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. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.

VLY Stock Price History

VLY Stock News Headlines

Peeling Back The Layers: Exploring Valley Ntl Through Analyst Insights
7 Cheap Russell 2000 Stocks to Buy Now: May 2024
Valley National Bancorp VLY
Q1 2024 Valley National Bancorp Earnings Call
Valley National: Q1 Earnings Snapshot
Valley National Bancorp
See More Headlines
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Company Calendar

Ex-Dividend for 4/2 Dividend
3/13/2024
Dividend Payable
4/02/2024
Last Earnings
4/25/2024
Today
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:VLY
Employees
3,749
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.33
High Stock Price Target
$12.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+21.8%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$498.51 million
Pretax Margin
17.36%

Debt

Sales & Book Value

Annual Sales
$3.36 billion
Cash Flow
$1.24 per share
Book Value
$12.80 per share

Miscellaneous

Free Float
499,610,000
Market Cap
$3.90 billion
Optionable
Optionable
Beta
1.10
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Key Executives

  • Mr. Ira D. Robbins (Age 49)
    Chairman & CEO
    Comp: $2.35M
  • Mr. Thomas A. Iadanza (Age 65)
    President & Chief Banking Officer
    Comp: $1.49M
  • Mr. Michael D. Hagedorn (Age 57)
    Senior EVP & CFO
    Comp: $1.08M
  • Mr. Joseph V. ChilluraMr. Joseph V. Chillura (Age 57)
    Senior Executive Vice President of Commercial Banking
    Comp: $935.83k
  • Mr. Raja A. Dakkuri (Age 53)
    Senior EVP & Chief Risk Officer
    Comp: $1.14M
  • Mr. Russell Barrett (Age 48)
    Senior EVP & COO
  • Mr. Mitchell L. Crandell (Age 53)
    Executive VP & Chief Accounting Officer
  • Mr. Travis P. Lan
    Head of Investor Relations
  • Mr. Ronald H. Janis (Age 75)
    Senior EVP, Corporate Secretary & General Counsel
    Comp: $977.04k
  • Mr. Marc Piro
    Senior VP, Head of Content, Creative & Public Relations

VLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Valley National Bancorp stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valley National Bancorp in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 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.
View VLY analyst ratings
or view top-rated stocks.

What is Valley National Bancorp's stock price target for 2024?

9 analysts have issued 1 year price objectives for Valley National Bancorp's stock. Their VLY share price targets range from $8.00 to $12.00. On average, they predict the company's share price to reach $9.33 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for VLY
or view top-rated stocks among Wall Street analysts.

How have VLY shares performed in 2024?

Valley National Bancorp's stock was trading at $10.86 on January 1st, 2024. Since then, VLY stock has decreased by 29.5% and is now trading at $7.66.
View the best growth stocks for 2024 here
.

When is Valley National Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our VLY earnings forecast
.

How were Valley National Bancorp's earnings last quarter?

Valley National Bancorp (NASDAQ:VLY) posted its quarterly earnings results on Thursday, April, 25th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. The company had revenue of $890.07 million for the quarter, compared to the consensus estimate of $447.38 million. Valley National Bancorp had a net margin of 12.88% and a trailing twelve-month return on equity of 7.74%. During the same period in the prior year, the firm earned $0.30 EPS.

How often does Valley National Bancorp pay dividends? What is the dividend yield for Valley National Bancorp?

Valley National Bancorp declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Thursday, March 14th will be given a dividend of $0.11 per share on Tuesday, April 2nd. This represents a $0.44 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for VLY
.

Is Valley National Bancorp a good dividend stock?

Valley National Bancorp (NASDAQ:VLY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 5.68%. VLY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VLY will have a dividend payout ratio of 42.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VLY.

Who are Valley National Bancorp's major shareholders?

Valley National Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.94%), LSV Asset Management (0.40%), Leeward Investments LLC MA (0.35%), Principal Financial Group Inc. (0.32%), Stieven Capital Advisors L.P. (0.16%) and American International Group Inc. (0.15%). Insiders that own company stock include Avner Mendelson, Dafna Landau, Joseph Chillura, Marc J Lenner, Sidney S Williams and Suresh L Sani.
View institutional ownership trends
.

How do I buy shares of Valley National Bancorp?

Shares of VLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VLY) was last updated on 5/23/2024 by MarketBeat.com Staff

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