News coverage about Valley National Bancorp (NYSE:VLY) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valley National Bancorp earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.1336707710924 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Valley National Bank plans more Tampa jobs after wrapping USAmeriBank deal (bizjournals.com)
- Valley National Bancorp, (NYSE: VLY) – Here’s What Long-Term Traders Should Know – Stock Watch (stocksnewstimes.com)
- Stocks Buzz: McDonald’s Corp. (MCD), Valley National Bancorp (VLY) – The Newburgh Press (newburghpress.com)
- Analysts Issue Forecasts for Valley National Bancorp’s FY2018 Earnings (VLY) (americanbankingnews.com)
- Valley National Bancorp (NYSE:VLY) – PEG Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
Shares of Valley National Bancorp (NYSE VLY) traded up $0.22 during midday trading on Friday, reaching $12.03. The company’s stock had a trading volume of 3,051,500 shares, compared to its average volume of 2,694,238. Valley National Bancorp has a 12 month low of $10.61 and a 12 month high of $12.82. The stock has a market cap of $3,220.00, a P/E ratio of 17.69 and a beta of 0.89. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97.
Valley National Bancorp (NYSE:VLY) last released 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). The business had revenue of $193.00 million during the quarter, compared to analysts’ expectations of $195.03 million. Valley National Bancorp had a net margin of 19.91% and a return on equity of 8.27%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. analysts anticipate that Valley National Bancorp will post 0.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 22nd were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.44 dividend on an annualized basis and a yield of 3.66%. Valley National Bancorp’s dividend payout ratio is presently 64.71%.
Several equities analysts have recently 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 target on the stock in a research note on Friday, January 5th. Zacks Investment Research raised Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $13.00 price target on shares of Valley National Bancorp in a research note on Friday, September 29th. Finally, Royal Bank of Canada started coverage on Valley National Bancorp in a research note on Thursday, December 21st. They set an “outperform” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Valley National Bancorp presently has an average rating of “Hold” and an average target price of $13.21.
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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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