Valley National Bancorp (VLY)

NASDAQ: VLY · IEX Real-Time Price · USD
7.91
+0.01 (0.13%)
Mar 28, 2024, 12:31 PM EDT - Market open
0.13%
Market Cap 4.02B
Revenue (ttm) 1.84B
Net Income (ttm) 482.38M
Shares Out 508.89M
EPS (ttm) 0.95
PE Ratio 8.37
Forward PE 7.95
Dividend $0.44 (5.56%)
Ex-Dividend Date Mar 13, 2024
Volume 1,149,362
Open 7.90
Previous Close 7.90
Day's Range 7.85 - 8.05
52-Week Range 6.39 - 11.22
Beta 1.11
Analysts Hold
Price Target 9.50 (+20.1%)
Earnings Date Apr 25, 2024

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]

Sector Financials
Founded 1927
Employees 3,749
Stock Exchange NASDAQ
Ticker Symbol VLY
Full Company Profile

Financial Performance

In 2023, VLY's revenue was $1.84 billion, an increase of 1.96% compared to the previous year's $1.81 billion. Earnings were $482.38 million, a decrease of -13.20%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for VLY stock is "Hold." The 12-month stock price forecast is $9.5, which is an increase of 20.10% from the latest price.

Price Target
$9.5
(20.10% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure

Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses ...

Other symbols: FCFMTBSNVTRMK
20 hours ago - Investopedia

Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate

Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...

Other symbols: AXBKUCFGCMACUBIFITBKRE
27 days ago - Market Watch

Valley National and Other Regional Banks Stocks Drop in Tandem With NYCB

Two years of rapidly rising interest rates have driven down property prices and made it harder for banks' clients to pay off loans.

Other symbols: NYCB
27 days ago - Barrons

Valley National Bank CEO on NYCB closure and dealings with regulators

Ira Robbins, Valley National Bank chairman and CEO, joins 'Power Lunch' to discuss the chief executive's sentiment after hearing news about New York Community Bank, how Robbins would characterize thei...

Other symbols: NYCB
4 weeks ago - CNBC Television

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

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.

5 weeks ago - GlobeNewsWire

Valley National Bancorp Announces Adoption Of Share Repurchase Program

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board of Directors approved a stock repurchase program authorizing the purchase of ...

5 weeks ago - GlobeNewsWire

Valley National CEO Sees Real Estate Loans in Strong Shape

Ira Robbins, CEO at Valley National Bank, says, “we have not had to restructure one loan of that whole $2.8 billion” of loans that have repriced or matured in the last year as he discusses the bank's ...

6 weeks ago - Bloomberg Markets and Finance

As the NYCB stock collapses, OZK, GBCI, VLY, HOMB are at risk

The New York Community Bancorp (NYSE: NYCB) stock price has collapsed this week and revived the memories of last year's banking crisis that led to the collapse of Silicon Valley Bank (SVB) and First R...

Other symbols: NYCBGBCIHOMBOZK
6 weeks ago - Invezz

2 Regional bank selloff continues as New York Community Bancorp slumps

A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed fears about th...

Other symbols: NYCB
7 weeks ago - Reuters

Regional Bank Stock Sell-Off Sparked By Commercial Real Estate Loan Fears

Regional U.S. banking stocks slipped sharply on Thursday as a surprise quarterly loss posted by New York Community Bancorp (NYCB) sparked fears that commercial real estate loans (CRE) pose broader ris...

Other symbols: EWBCMTBNYCBWALZION
7 weeks ago - Investopedia

Valley National Bancorp Reports Fourth Quarter 2023 Results

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) --  Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2023 of $71.6 million,...

2 months ago - GlobeNewsWire

Valley National Bancorp to Announce Fourth Quarter 2023 Earnings

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2023 earnings before ...

2 months ago - GlobeNewsWire

Valley National Bank Promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank announces the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).

3 months ago - Business Wire

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

NEW YORK, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.

4 months ago - GlobeNewsWire

Valley National Bank Launches Community Home Equity Line of Credit Program

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank launches new Community Home Equity Line of Credit Program designed to support the needs of low-to-moderate income (LMI) borrowers.

4 months ago - Business Wire

Valley National Bank Strengthens Syndications Capabilities with the Hire of Robert Danziger as Head of Syndications

MORRISTOWN, N.J.--(BUSINESS WIRE)--Robert Danziger, joins Valley Bank as Managing Director, First Senior Vice President, and Head of the Bank's Syndicated Finance business.

5 months ago - Business Wire

Valley National Bank Celebrates Opening of New Headquarters in Morristown, N.J.

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank's new headquarters in Morristown, NJ. was developed by SJP Properties in partnership with Scotto Properties and Gensler.

5 months ago - Business Wire

Here are 16 stocks Jim Cramer is watching, including Microsoft, Chevron, Southwest

Here are some of the tickers on Jim's radar for Monday, Oct. 30, taken directly from his reporter's notebook:

5 months ago - CNBC

Valley Bank CEO on higher rates, the health of regional banks and commercial loans

Ira Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss the company, commercial loans and the state of the consumer.

5 months ago - CNBC Television

Valley National Bancorp Announces Third Quarter 2023 Results

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, ...

5 months ago - GlobeNewsWire

Valley National Bancorp to Announce Third Quarter 2023 Earnings

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2023 earnings before ...

6 months ago - GlobeNewsWire

Valley National Bancorp upgraded to outperform, stock rises

Valley National Bancorp stock VLY, +2.83% was up 4.3% in premarket trades on Tuesday after Hovde Group upgraded the company to outperform from market perform, with a price target of $11.50 a share. Wh...

7 months ago - Market Watch

S&P Downgrade of Banks' Credit Could Make Borrowing Even Tougher

More U.S. banks have been hit with credit rating downgrades, the latest development threatening to make borrowing more difficult for businesses and individuals.

Other symbols: ASBCMAKEYUMBF
7 months ago - Investopedia

U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings

U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a f...

Other symbols: ASBBKCCMAFRBKGSKEY
7 months ago - Market Watch

S&P downgrades five banks: 'A lot of opportunity' in banks, strategist says

S&P Global Ratings downgraded five regional banks: KeyCorp (KEY), UMB Financial (UMBF), Comerica (CMA), Vally National Bancorp (VLY), Associated Banc-Corp (ASB). Smead Capital Management CEO Cole Smea...

Other symbols: ASBCMAKEYUMBF
7 months ago - Yahoo Finance