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Valley National Bancorp (VLY)

NASDAQ
Currency in USD
10.64
-0.04(-0.37%)
Closed
Pre Market
10.75+0.11(+1.03%)
VLY Scorecard
Full Analysis
5 analysts have revised their earnings downwards for the upcoming period
High dividend Yield
Fair Value
Day's Range
10.5110.77
52 wk Range
6.4711.22
Key Statistics
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Prev. Close
10.64
Open
10.75
Day's Range
10.51-10.77
52 wk Range
6.47-11.22
Volume
2.96M
Average Volume (3m)
6.93M
1-Year Change
10.72%
Book Value / Share
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Fair Value
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Fair Value Upside
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VLY Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
10.90
Upside
+2.44%
Members' Sentiments
Bearish
Bullish
ProTips
Suffers from weak gross profit margins
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Valley National Bancorp Company Profile

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. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.

Sector
Financial
Employees
3749

Valley National Bancorp SWOT Analysis


Credit Challenges
Explore Valley National Bancorp's strategy to build reserves amid elevated provisions and net charge-offs, impacting short-term earnings but potentially strengthening long-term stability.
Balance Sheet Turnaround
Learn how VLY's accelerated timeline for achieving allowance targets signals a commitment to financial strength, with analysts projecting a more normalized 2025.
Revenue Resilience
Delve into VLY's ability to increase margin and spread revenues while controlling core expenses, showcasing adaptability in a challenging economic landscape.
Future Prospects
Analysts offer mixed views on VLY, with price targets ranging from $7 to $9, reflecting varied opinions on the bank's profitability and growth potential amid ongoing challenges.
Read full SWOT analysis
VLY Full Pro Research
Institutional-Grade Stock Analysis
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Financial health at a glance
Bearish and bullish outlooks
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Valley National Bancorp Earnings Call Summary for Q4/2024

  • Net income rose to $98M with EPS of $0.18 in Q3 2024; plans to sell $800M+ in CRE loans at 1% discount in Q4 to boost capital ratios
  • Deposit growth of $300M, mainly from customer deposits; reduced costs post-September Fed rate cut; targeting CET1 ratio of ~9.8% by year-end
  • Expects modest loan growth, slight NII decline in Q4; projects mid-to-high single-digit NII growth and normalized credit costs in 2025
  • Strong commercial deposit growth despite reduced online rates; aims for loan-to-deposit ratio below 100% by end of 2025
  • Higher loan loss provisions due to C&I growth and Hurricane Helene; allowance coverage ratio expected to reach ~1.20% by year-end
Last Updated: 25/10/2024, 08:06 pm
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Compare VLY to Peers and Sector

Metrics to compare
VLY
Peers
Sector
Relationship
P/E Ratio
18.7x−164.9x8.7x
PEG Ratio
−0.411.500.03
Price/Book
0.9x0.0x1.0x
Price / LTM Sales
3.8x1.7x2.8x
Upside (Analyst Target)
3.4%0.0%10.6%
Fair Value Upside
Unlock−20.8%2.8%Unlock

Analysts' Recommendations

4 Buy
7 Hold
0 Sell
Ratings:
10 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 10.90

(+2.44% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.625
Dividend Yield
4.14%
Industry Median 4.56%
Annualised payout
0.4400
Paid quarterly
5-Years Growth
-
Growth Streak

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FAQ

What Is the Valley National (VLY) Stock Price Today?

The Valley National stock price today is 10.64

What Stock Exchange Does Valley National Trade On?

Valley National is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Valley National?

The stock symbol for Valley National is "VLY."

Does Valley National Pay Dividends? What’s The Current Dividend Yield?

The Valley National dividend yield is 4.14%.

What Is the Valley National Market Cap?

As of today, Valley National market cap is 5.94B.

What is Valley National Earnings Per Share?

The Valley National EPS is 0.625.

What Is the Next Valley National Earnings Date?

Valley National will release its next earnings report on 22 Jan 2025.

From a Technical Analysis Perspective, Is VLY a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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