Valley National Bancorp (VLY)

NASDAQ: VLY · IEX Real-Time Price · USD
11.61
-0.08 (-0.68%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap5.88B
Revenue (ttm)1.37B
Net Income (ttm)462.17M
Shares Out506.30M
EPS (ttm)1.11
PE Ratio10.46
Forward PE9.73
Dividend$0.44 (3.79%)
Ex-Dividend DateMar 14, 2022
Volume1,926,184
Open11.63
Previous Close11.69
Day's Range11.48 - 11.77
52-Week Range11.41 - 15.10
Beta1.12
AnalystsBuy
Price Target15.49 (+33.4%)
Earnings DateApr 28, 2022

About VLY

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management 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 a...

IndustryBanks
Founded1927
CEOIra Robbins
Employees3,370
Stock ExchangeNASDAQ
Ticker SymbolVLY
Full Company Profile

Financial Performance

In 2021, VLY's revenue was $1.33 billion, an increase of 13.27% compared to the previous year's $1.18 billion. Earnings were $473.84 million, an increase of 21.31%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for VLY stock is "Buy." The 12-month stock price forecast is 15.49, which is an increase of 33.42% from the latest price.

Price Target
$15.49
(33.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Valley National (VLY) Up as Q1 Earnings Beat, Revenues Rise

Revenue growth, higher loan balance and fall in provisions support Valley National's (VLY) Q1 earnings.

2 weeks ago - Zacks Investment Research

Valley National Bancorp Reports Strong Organic Loan Growth and Solid Net Interest Income and Margin

NEW YORK, April 28, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2022 of $116.7 million, o...

2 weeks ago - GlobeNewsWire

Valley National Bancorp Announces Adoption of Share Repurchase Program

NEW YORK, April 26, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board approved a stock repurchase program for up to 25 million shares of Valley comm...

2 weeks ago - GlobeNewsWire

Valley National (VLY) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Valley National (VLY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean ...

2 weeks ago - Zacks Investment Research

Valley National Bancorp To Announce First Quarter 2022 Earnings

NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2022 earnings before the...

1 month ago - GlobeNewsWire

4 Reasons to Invest in Valley National (VLY) Stock Right Now

Supported by strong fundamentals and good growth prospects, Valley National (VLY) stock looks like an attractive pick right now.

1 month ago - Zacks Investment Research

Valley National (VLY) Completes Acquisition of Bank Leumi USA

Valley National (VLY) closes the deal to buy Bank Leumi Le-Israel B.M.'s US banking arm, Bank Leumi USA.

1 month ago - Zacks Investment Research

Valley National Bancorp Announces the Completion of its Acquisition of Bank Leumi USA

NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (“Valley”) announced that its acquisition of Bank Leumi Le-Israel Corporation (“Leumi USA”), the U.S. subsidiary of Ban...

1 month ago - GlobeNewsWire

We've seen contraction of 70% in refinance activity, says Valley Bank CEO Robbins

Ira Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss the impact of rising mortgage rates on regional banks and consumers refinancing their mortgages.

2 months ago - CNBC Television

Valley National Bancorp Receives Final Regulatory Approvals and Announces the Anticipated Closing Date of the Acquisi...

NEW YORK, March 07, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today that is it has received all regulatory approvals in connection with the previously announced ...

2 months ago - GlobeNewsWire

Valley National (VLY)-Bank Leumi USA Deal to Wrap up Soon

Valley National (VLY)-Bank Leumi USA merger deal will likely be concluded on Apr 1. The transaction will be accretive to VLY's next year earnings.

2 months ago - Zacks Investment Research

Pronto Housing Announces Strategic Partnerships With Fifth Wall, PSP Growth, Alate Partners, Valley National Bank & N...

NEW YORK--(BUSINESS WIRE)--Pronto Housing—the first and only off-the-shelf affordable housing compliance Software-as-a-Service (SaaS) platform—today announced its numerous strategic partnerships with so...

2 months ago - Business Wire

Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends

NEW YORK, March 02, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.

2 months ago - GlobeNewsWire

SJP Properties and Scotto Properties Announce New Headquarters for Valley National Bank in Morristown, N.J.

MORRISTOWN, N.J.--(BUSINESS WIRE)--SJP Properties, in partnership with Scotto Properties, today announced that demolition is underway at the future site of the new high-performance headquarters for Vall...

2 months ago - Business Wire

Valley National (VLY) Down on Q4 Earnings Miss, Revenues Up Y/Y

Lower fee income and rise in expenses hurt Valley National's (VLY) Q4 earnings. On the other hand, a decline in provisions, higher loan balance and increase in net interest income act as tailwinds.

3 months ago - Zacks Investment Research

Valley National (VLY) Lags Q4 Earnings Estimates

Valley National (VLY) delivered earnings and revenue surprises of -6.67% and 2.10%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Valley National Bancorp Reports Increased Fourth Quarter Net Income, Strong Organic Loan Growth and Net Interest Margin

NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2021 of $115.0 million, o...

3 months ago - GlobeNewsWire

Valley National (VLY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Solid Sales Growth Makes These 5 Stocks Attractive Picks

Solid sales growth is important to gauge a company's ability to sustain its business. Let's check out Beacon Roofing (BECN), United Rentals (URI), Valley National (VLY), Crown Castle (CCI) and Berry Glo...

Other symbols:BECNBERYCCIURI
3 months ago - Zacks Investment Research

Valley (VLY) Gets Shareholders' Nod for Bank Leumi USA Buyout

Valley National (VLY) receives shareholders' approval to acquire Bank Leumi USA. The acquisition can expand the company's technology and venture capital banking business.

3 months ago - Zacks Investment Research

Valley National Bancorp Receives Shareholder Approval in connection with the Acquisition of Bank Leumi USA

NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today its shareholders approved the issuance of Valley common stock in connection with the previousl...

4 months ago - GlobeNewsWire

Valley Bank Issues First Annual ESG Report Highlighting Social Progress and Environmental Impact

NEW YORK--(BUSINESS WIRE)--Valley Bank's first annual ESG report highlights its cultural and social progress and its focus on the risks and opportunities of climate change.

4 months ago - Business Wire

Valley National Bancorp to Announce Fourth Quarter 2021 Earnings

NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2021 earnings before the...

4 months ago - GlobeNewsWire

Valley National (VLY) Gets Regulatory Nod to Buy Bank Leumi USA

Valley National (VLY) receives regulatory approval to acquire Bank Leumi Le-Israel B.M.'s U.S. banking arm.

4 months ago - Zacks Investment Research

Valley National Bancorp Receives Regulatory Approval for the Acquisition of Bank Leumi USA From the Federal Reserve B...

NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today it has received regulatory approval from the Federal Reserve Bank of New York and the Office o...

4 months ago - GlobeNewsWire