Valley National Bancorp (NYSE:VLY) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

Valley National Bancorp (NYSE:VLY) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Valley National Bancorp had a return on equity of 8.08% and a net margin of 20.07%. The firm had revenue of $189.80 million during the quarter, compared to analysts’ expectations of $187.34 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect Valley National Bancorp to post $0.71 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.

Shares of Valley National Bancorp (NYSE VLY) opened at 11.85 on Wednesday. The company has a 50 day moving average price of $11.61 and a 200 day moving average price of $11.83. Valley National Bancorp has a 12-month low of $8.90 and a 12-month high of $12.82. The firm has a market cap of $3.13 billion, a PE ratio of 17.95 and a beta of 0.90.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Tuesday, June 13th. Valley National Bancorp’s dividend payout ratio (DPR) is 65.67%.

VLY has been the topic of a number of recent research reports. ValuEngine raised Valley National Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised Valley National Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, April 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $11.50 target price (up previously from $11.00) on shares of Valley National Bancorp in a research note on Friday, July 7th. Stephens initiated coverage on Valley National Bancorp in a research note on Wednesday, April 5th. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.00 target price on shares of Valley National Bancorp in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Valley National Bancorp presently has an average rating of “Hold” and a consensus price target of $11.80.

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About Valley National Bancorp

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.

Earnings History for Valley National Bancorp (NYSE:VLY)

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