Media headlines about Valley National Bancorp (NYSE:VLY) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valley National Bancorp earned a coverage optimism 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 near future.
Shares of Valley National Bancorp (NYSE VLY) traded up $0.15 during trading hours on Wednesday, hitting $12.87. The stock had a trading volume of 1,690,261 shares, compared to its average volume of 2,470,000. Valley National Bancorp has a 52-week low of $10.61 and a 52-week high of $13.00. The stock has a market cap of $4,240.00, a price-to-earnings ratio of 19.50 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.01.
Valley National Bancorp (NYSE:VLY) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Valley National Bancorp had a return on equity of 8.20% and a net margin of 17.08%. The firm had revenue of $199.57 million for the quarter, compared to analyst estimates of $194.26 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue was up 1.3% on a year-over-year basis. analysts forecast that Valley National Bancorp will post 0.88 earnings per share for the current year.
VLY has been the topic of several research reports. Piper Jaffray Companies upgraded shares of Valley National Bancorp from a “neutral” rating to an “overweight” rating and set a $13.50 price target on the stock in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Hovde Group reiterated a “buy” rating and issued a $14.00 price target on shares of Valley National Bancorp in a report on Wednesday, January 31st. Morgan Stanley increased 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 report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price objective on shares of Valley National Bancorp in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $13.64.
In other Valley National Bancorp news, Director Peter J. Baum bought 3,433 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $12.70 per share, for a total transaction of $43,599.10. Following the transaction, the director now directly owns 41,086 shares of the company’s stock, valued at approximately $521,792.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.07% of the company’s stock.
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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.
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