Valley National Bancorp (VLY)
| Market Cap | 5.12B |
| Revenue (ttm) | 1.58B |
| Net Income (ttm) | 317.67M |
| Shares Out | 558.57M |
| EPS (ttm) | 0.62 |
| PE Ratio | 14.66 |
| Forward PE | 11.48 |
| Dividend | $0.44 (4.80%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 15,227,373 |
| Open | 8.95 |
| Previous Close | 9.01 |
| Day's Range | 8.92 - 9.34 |
| 52-Week Range | 6.47 - 11.18 |
| Beta | 1.11 |
| Analysts | Hold |
| Price Target | 9.60 (+4.8%) |
| Earnings Date | Jan 23, 2025 |
About 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 insura... [Read more]
Financial Performance
In 2023, Valley National Bancorp's revenue was $1.82 billion, an increase of 1.66% compared to the previous year's $1.79 billion. Earnings were $482.38 million, a decrease of -13.20%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for VLY stock is "Hold." The 12-month stock price forecast is $9.6, which is an increase of 4.80% from the latest price.
News
Positive yield curve is going to be a huge tailwind to regional banks, says Valley Bank's Robinson
Ira Robbins, Valley Bank chairman and CEO, joins CNBC's 'Power Lunch' to discuss outlooks on interest rates, whether he's concerned about inflation, and more.
How To Invest $1,000 In Regional Banks For 2025: Top Wall Street Analyst Reveals His Top Picks
Regional bank stocks have been on a tear since the 2024 U.S. election, with the SPDR S&P Regional Banking ETF KRE climbing about 10% versus the broader S&P 500's 5% gain.
Valley National Bank Announces the Retirement of President Thomas A. Iadanza
NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank (the “Bank”), announced that Thomas A. Iadanza has notified t...
Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking Team
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley Bank announces the appointment of Gail Castellano as Senior Vice President and Division Head to lead the Bank's expansion into Staten Island.
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. T...
Valley National Bancorp Announces Pricing of Common Stock Offering
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,7...
Valley National Bancorp Announces Proposed Common Stock Offering
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced a proposed public offering of shares of its ...
Valley National's Positive CRE Developments Are Priced In (Downgrade)
Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank's de-risking plan is ahead of schedule, with an $8...
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
Valley National Bancorp Announces Third Quarter 2024 Results
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2024 of $97.9 million, o...
Valley National Bank Elevates Leadership to Expand South Florida Market Presence
MIAMI--(BUSINESS WIRE)--Valley National Bank is expanding its leadership team to strengthen its presence in the East Florida region.
Preferreds Weekly Review: Recent Issues Often Offer Highest Yields
We take a look at the action in preferreds and baby bonds through the fourth week of July and highlight some of the key themes we are watching. Preferred stocks and baby bonds saw positive price movem...
Valley National Bancorp to Announce Third Quarter 2024 Earnings
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2024 earnings before ...
New Preferred Stock And Exchange Traded Debt IPOs, August 2024
Angel Oak Mortgage REIT, Valley National Bancorp, and Chimera Investment Corporation have introduced new fixed-income offerings with attractive yields and potential early redemption options. Investors...
Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 6,000,00...
KBRA Assigns Preferred Stock Rating and Affirms Existing Ratings to Valley National Bancorp
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a preferred stock rating of BBB-, as well as affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and th...
Wall Street's Most Accurate Analysts Weigh In On 3 Financials Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Valley National Bancorp (VLY) Q2 2024 Earnings Call Transcript
Valley National Bancorp (NASDAQ:VLY) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Travis Lan - IR Ira Robbins - CEO Tom Iadanza - President Mike Hagedorn - CFO Mark...
Valley National: After A Mixed Q2, Shares Appear Overly Punished
Valley National Bancorp shares fell 5% after Q2 earnings, but the market may be overreacting to concerns about its commercial real estate portfolio. Valley's loan growth is focused on business lending...
Valley National Bancorp Announces Second Quarter 2024 Results
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2024 of $70.4 million, ...
Valley National Bancorp to Announce Second Quarter 2024 Earnings
NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2024 earnings before ...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
Valley National: Risk Keeps Me Sidelined From High Yielding Preferred Shares
Valley National Bancorp's stock is approaching a 52-week low due to struggles with high interest rates and issues in the banking sector. The bank has two preferred share offerings with high yield divi...
KBW cuts Valley National rating and upgrades UMB in bank balance sheet study
UMB Financial Corp. drew its first upgrade to outperform in at least 20 years while Valley National Bancorp was downgraded to market perform as KBW weighed bank balance sheet strength in the current h...
Valley Bank Invested More than $3 Billion to Support Its Communities in 2023
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley Bank releases 2023 Corporate Social Responsibility (CSR) report; invested more than $3 Billion to support its communities.