News headlines about Valley National Bancorp (NYSE:VLY) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Valley National Bancorp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.8748244392033 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Valley National Bancorp (VLY) traded up $0.34 during mid-day trading on Wednesday, hitting $12.55. 1,668,445 shares of the company were exchanged, compared to its average volume of 2,546,979. Valley National Bancorp has a 52-week low of $10.61 and a 52-week high of $12.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $4,020.00, a PE ratio of 21.64 and a beta of 0.96.
Valley National Bancorp (NYSE:VLY) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Valley National Bancorp had a net margin of 17.08% and a return on equity of 8.20%. The firm had revenue of $199.57 million during the quarter, compared to analysts’ expectations of $194.26 million. During the same period in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities research analysts predict that Valley National Bancorp will post 0.88 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Piper Jaffray Companies upgraded shares of Valley National Bancorp from a “neutral” rating to an “overweight” rating and set a $13.50 target price on the stock in a report on Friday, January 5th. Zacks Investment Research cut shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Hovde Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Valley National Bancorp in a research note on Wednesday, January 31st. Morgan Stanley lifted their price target on shares of Valley National Bancorp from $13.00 to $13.50 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price target on shares of Valley National Bancorp in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.64.
In other news, Director Peter J. Baum purchased 3,433 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $12.70 per share, with a total value of $43,599.10. Following the purchase, the director now owns 41,086 shares in the company, valued at $521,792.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.07% of the stock is currently owned by insiders.
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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.
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