Valley National Bancorp (VLY)
| Market Cap | 5.88B |
| Revenue (ttm) | 1.37B |
| Net Income (ttm) | 462.17M |
| Shares Out | 506.30M |
| EPS (ttm) | 1.11 |
| PE Ratio | 10.46 |
| Forward PE | 9.73 |
| Dividend | $0.44 (3.79%) |
| Ex-Dividend Date | Mar 14, 2022 |
| Volume | 1,926,184 |
| Open | 11.63 |
| Previous Close | 11.69 |
| Day's Range | 11.48 - 11.77 |
| 52-Week Range | 11.41 - 15.10 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 15.49 (+33.4%) |
| Earnings Date | Apr 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...
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 StatementsAnalyst 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.
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.
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...
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...
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 ...
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...
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.
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.
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...
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.
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 ...
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.
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...
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.
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...
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.
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?
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...
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.
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...
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.
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...
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.
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...
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.
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...