Valley National Bancorp (VLY) to Release Earnings on Thursday

Valley National Bancorp (NASDAQ:VLY - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, April 24th. Analysts expect Valley National Bancorp to post earnings of $0.19 per share and revenue of $483.98 million for the quarter.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a return on equity of 5.14% and a net margin of 10.62%. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts expect Valley National Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Valley National Bancorp Stock Down 1.9 %

Shares of NASDAQ:VLY traded down $0.16 during trading hours on Monday, reaching $8.09. The stock had a trading volume of 3,590,140 shares, compared to its average volume of 7,072,876. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 11.72 and a beta of 1.06. The firm's 50 day moving average is $8.94 and its 200-day moving average is $9.45. Valley National Bancorp has a 1 year low of $6.47 and a 1 year high of $11.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 0.98.

Valley National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 5.44%. Valley National Bancorp's dividend payout ratio is currently 63.77%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VLY. Stephens reiterated an "overweight" rating and issued a $12.50 price target on shares of Valley National Bancorp in a research note on Thursday, January 2nd. Barclays cut their target price on Valley National Bancorp from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Citigroup increased their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Piper Sandler upgraded shares of Valley National Bancorp from a "neutral" rating to an "overweight" rating and set a $11.00 price target for the company in a research note on Monday, March 24th. Finally, Royal Bank of Canada lifted their price objective on shares of Valley National Bancorp from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.67.

Insiders Place Their Bets

In related news, EVP Joseph Chillura sold 50,000 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $10.21, for a total transaction of $510,500.00. Following the completion of the sale, the executive vice president now directly owns 495,249 shares of the company's stock, valued at approximately $5,056,492.29. This represents a 9.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by insiders.

Valley National Bancorp Company Profile

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.