Valley National Bancorp (NYSE:VLY) will be posting its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect Valley National Bancorp to post earnings of $0.18 per share for the quarter.

Valley National Bancorp (NYSE:VLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Valley National Bancorp had a net margin of 19.91% and a return on equity of 8.27%. The firm had revenue of $193.00 million during the quarter, compared to analyst estimates of $195.03 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. 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 (NYSE VLY) opened at $12.20 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.97. Valley National Bancorp has a 1-year low of $10.61 and a 1-year high of $12.82. The company has a market capitalization of $3,220.00, a price-to-earnings ratio of 17.94 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 22nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, December 21st. Valley National Bancorp’s dividend payout ratio is 64.71%.

A number of research analysts have commented on the company. Piper Jaffray Companies raised Valley National Bancorp from a “neutral” rating to an “overweight” rating and set a $13.50 price objective on the stock in a report on Friday, January 5th. Zacks Investment Research lowered Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Valley National Bancorp in a report on Friday, September 29th. Finally, Royal Bank of Canada assumed coverage on Valley National Bancorp in a report on Thursday, December 21st. They issued an “outperform” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.21.

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Valley National Bancorp Company Profile

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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