Valley National Bancorp (VLY) Projected to Post Quarterly Earnings on Thursday

Valley National Bancorp (NASDAQ:VLY) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Valley National Bancorp to post earnings of $0.15 per share and revenue of $464,860.00 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Valley National Bancorp (NASDAQ:VLY) last released its earnings results on Thursday, October 24th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $921.22 million during the quarter, compared to analyst estimates of $467.87 million. Valley National Bancorp had a net margin of 9.42% and a return on equity of 5.87%. During the same period last year, the business earned $0.26 earnings per share. 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 Performance

Valley National Bancorp stock opened at $9.59 on Tuesday. Valley National Bancorp has a twelve month low of $6.47 and a twelve month high of $11.10. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.88 billion, a P/E ratio of 15.47 and a beta of 1.12. The stock’s 50 day moving average is $9.78 and its 200 day moving average is $8.97.

Valley National Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.11 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.59%. Valley National Bancorp’s dividend payout ratio is currently 70.97%.

Analyst Upgrades and Downgrades

Several analysts recently commented on VLY shares. StockNews.com downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Barclays boosted their price objective on shares of Valley National Bancorp from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Citigroup cut their target price on Valley National Bancorp from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Stephens restated an “overweight” rating and issued a $12.50 price target on shares of Valley National Bancorp in a research note on Thursday, January 2nd. Finally, Piper Sandler increased their price objective on Valley National Bancorp from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.39.

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.