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

Valley National Bancorp (NASDAQ:VLYPO) will likely be issuing its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.3088 per share and revenue of $557.16 million for the quarter.

Valley National Bancorp Trading Down 0.0%

Valley National Bancorp stock opened at $24.90 on Thursday. The business’s 50-day simple moving average is $24.93 and its 200 day simple moving average is $24.98. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.74.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.4817 per share. This represents a $1.93 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, June 15th. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.47.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.