Valley National Bancorp (VLY) Stock Price, News & Analysis

Company Overview

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 insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.

Key Stats

• Today's Range: $9.97 to $10.28
• 50-Day Range: $8.10 to $10.52
• 52-Week Range: $6.47 to $11.22
• Volume: 5.80 million shs
• Average Volume: 9.37 million shs
• Market Capitalization: $5.19 billion
• P/E Ratio: 16.44
• Dividend Yield: 4.32%
• Price Target: $9.88
• Consensus Rating: Hold

Valley National Bancorp Stock Analysis - MarketRank™

Valley National Bancorp scored higher than 76% of companies evaluated by MarketBeat, and ranked 341st out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Valley National Bancorp has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Valley National Bancorp has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 37.88%

Earnings Growth

Earnings for Valley National Bancorp are expected to grow by 37.88% in the coming year, from $0.66 to $0.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Valley National Bancorp is 16.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.03.

Price to Earnings Ratio vs. Sector

The P/E ratio of Valley National Bancorp is 16.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.48.

Price to Book Value per Share Ratio

Valley National Bancorp has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.77% of the outstanding shares of Valley National Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Valley National Bancorp has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Valley National Bancorp has recently decreased by 2.66%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Valley National Bancorp is a leading dividend payer. It pays a dividend yield of 4.34%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Valley National Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Valley National Bancorp is 70.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Valley National Bancorp will have a dividend payout ratio of 48.35% next year. This indicates that Valley National Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.77% of the outstanding shares of Valley National Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Valley National Bancorp has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Valley National Bancorp has recently decreased by 2.66%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.47

News Sentiment

Valley National Bancorp has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Valley National Bancorp this week, compared to 6 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Valley National Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.88% of the stock of Valley National Bancorp is held by insiders.

Percentage Held by Institutions

61.00% of the stock of Valley National Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VLY Stock Analysis - Frequently Asked Questions

How have VLY shares performed this year?

Valley National Bancorp's stock was trading at $10.86 at the beginning of the year. Since then, VLY shares have decreased by 6.2% and is now trading at $10.19.
View the best growth stocks for 2024 here.

How were Valley National Bancorp's earnings last quarter?

Valley National Bancorp (NASDAQ:VLY) released its quarterly earnings data on Thursday, October, 24th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $921.22 million for the quarter, compared to analyst estimates of $467.87 million. Valley National Bancorp had a trailing twelve-month return on equity of 5.87% and a net margin of 9.42%.

Who are Valley National Bancorp's major shareholders?

Valley National Bancorp's top institutional investors include State Street Corp (4.77%), Geode Capital Management LLC (2.19%), Wellington Management Group LLP (1.76%) and Charles Schwab Investment Management Inc. (1.37%). Insiders that own company stock include Joseph Chillura, Andrew B Abramson, Avner Mendelson, Sidney S Williams, Marc J Lenner, Suresh L Sani and Dafna Landau.
View institutional ownership trends.

How do I buy shares of Valley National Bancorp?

Shares of VLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Valley National Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Valley National Bancorp investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Tesla (TSLA), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/24/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:VLY
• CUSIP: N/A
• CIK: 714310
• Web: www.valley.com
• Phone: (973) 305-8800
• Fax: 973-305-1605
• Employees: 3,749
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.88
• High Stock Price Target: $11.00
• Low Stock Price Target: $8.50
• Potential Upside/Downside: -3.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.62
• Trailing P/E Ratio: 16.44
• Forward P/E Ratio: 15.44
• P/E Growth: N/A
• Net Income: $498.51 million
• Net Margins: 9.42%
• Pretax Margin: 12.29%
• Return on Equity: 5.87%
• Return on Assets: 0.62%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 0.99
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $3.36 billion
• Price / Sales: 1.54
• Cash Flow: $1.26 per share
• Price / Cash Flow: 8.10
• Book Value: $12.99 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 509,370,000
• Free Float: 499,792,000
• Market Cap: $5.19 billion
• Optionable: Optionable
• Beta: 1.07