Valley National Bank (VLY) Stock Rating Upgraded by Sandler O'Neill

Marco Green
Апреля 27, 2018

Valley National Bancorp had 24 analyst reports since August 19, 2015 according to SRatingsIntel. The lowest EPS estimate is $0.20 and the highest is $0.21.

The Wayne, New Jersey-based bank said it had earnings of 12 cents per share. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, April 26th.

VLY has been the topic of several recent analyst reports. On average, analysts anticipate that Valley National Bancorp will post $0.62 earnings per share for the current year. Zacks' EPS calculations are a mean average based on a survey of sell-side research analysts that follow Valley National Bank.

The stock of Valley National Bancorp (NYSE:VLY) is a huge mover today! Last quarter $0.18 earnings per share was reported. Valley National Bank had a return on equity of 8.20% and a net margin of 17.08%. During the same period in the prior year, the business earned $0.17 EPS. The business's revenue was up 12.4% compared to the same quarter a year ago. If a stock is trading on low volume, then there aren't many traders involved in the stock and it would be more hard to find a trader to buy from or sell to. Piper Jaffray Cos. downgraded Valley National Bancorp from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $10.00 to $9.50 in a research report on Monday, August 8th. Finally, Hovde Group reissued a "buy" rating and issued a $14.00 target price on shares of Valley National Bank in a research report on Wednesday, January 31st. Finally, ValuEngine raised shares of Valley National Bank from a "hold" rating to a "buy" rating in a research report on Thursday, March 1st.

Analyst notified mean rating at 2.50 after consensus analysis.

In the transaction dated August 02, 2017, the great number of shares disposed came courtesy the Director; Guilfoile Mary disposed a total of 5,140 shares at an average price of $11.92, amounting to approximately $61,269. Following the purchase, the director now owns 41,086 shares in the company, valued at approximately $521,792.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The stock showed monthly performance of -3.48%. P/E and P/B ratios both are used on a regular basis by the investor to measure the value of the company and to get the right amount of the share. Renaissance Technologies LLC increased its position in Valley National Bancorp by 33.9% in the first quarter. The Institutional ownership of the firm is 53.50% while Insiders ownership is 0.90%. ING Groep NV boosted its position in shares of Valley National Bank by 23.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 172,385 shares of the financial services provider's stock valued at $1,934,000 after purchasing an additional 7,562 shares in the last quarter. Sequoia Financial Advisors LLC's holdings in Valley National Bancorp were worth $386,000 as of its most recent filing with the SEC.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. In the last month, the price performed 2.76%. Hedge funds and other institutional investors own 51.38% of the company's stock. Valley National Bancorp (NYSE:VLY), at its latest closing price of $12.36, it has a price-to-book ratio of 1.41, compared to an industry average at 3.00.

A total of 2.87 Billion shares exchanged at hands and its average trading volume is standing at 2.52 Million shares. Financial Bank Of Mellon Corporation has 0.01% invested in Valley National Bancorp (NYSE:VLY) for 3.63M shares. Return on Assets (ROA) an indicator of how profitable a company is relative to its total assets, is 0.60%. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions.21.42 is the P/E ratio.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, September 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. The Johnson & Johnson has shown a five days performance of -3.33% and thirty days performance stands at 0.87%. Valley National Bancorp's payout ratio is 97.78%.

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