2 weeks Ago By Defense World Staff
Shares of Valley National Bancorp ( NASDAQ:VLY – Get Free Report ) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.
The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.88. VLY has been the subject of several recent analyst reports.
Morgan Stanley increased their price target on Valley National Bancorp from $9.50 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th.
StockNews.com downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their target price on Valley National Bancorp from $10.
00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and set a $10.
00 price target on shares of Valley National Bancorp in a research note on Friday, October 25th. Finally, Piper Sandler boosted their price objective on Valley National Bancorp from $9.00 to $10.
00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Check Out Our Latest Analysis on VLY Institutional Trading of Valley National Bancorp Valley National Bancorp Stock Performance VLY stock opened at $10.69 on Wednesday.
Valley National Bancorp has a 1 year low of $6.47 and a 1 year high of $11.22.
The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 17.24 and a beta of 1.
07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.
97 and a current ratio of 0.99. The stock’s fifty day moving average is $9.
48 and its two-hundred day moving average is $8.28. Valley National Bancorp ( NASDAQ:VLY – Get Free Report ) last posted its earnings results on Thursday, October 24th.
The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18.
Valley National Bancorp had a net margin of 9.42% and a return on equity of 5.87%.
The firm had revenue of $921.22 million during the quarter, compared to analyst estimates of $467.87 million.
During the same period in the previous year, the business posted $0.26 EPS. On average, research analysts predict that Valley National Bancorp will post 0.
66 EPS for the current year. Valley National Bancorp Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.
11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.
12%. The ex-dividend date of this dividend is Friday, December 13th. Valley National Bancorp’s payout ratio is presently 70.
97%. Valley National Bancorp Company Profile ( Get Free Report 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.
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