Valley National Bancorp Stock News

Valley National Bancorp (NASDAQ:VLY ) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Travis Lan - Head of Investor Relations Ira Robbins - President and CEO Tom Iadan

NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2022 earnings before t

Supported by strong fundamentals and good growth prospects, Valley National (VLY) stock looks like an attractive pick right now.

Ira Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss the impact of rising mortgage rates on regional banks and consumers refinancing their mortgages.

Valley National (VLY)-Bank Leumi USA merger deal will likely be concluded on Apr 1. The transaction will be accretive to VLY's next year earnings.

Bank Leumi said on Sunday it expected the merger of its U.S. unit and Valley National Bancorp to be completed on April 1, adding that all conditions and approvals in the deal have been cleared.

Valley National Bancorp found using ticker (VLY) have now 9 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 18 and 14 with a mean TP of 15.72. Now with the previous closing price of 13.48 this would imply there is a potential upside of 16.6%. The day 50 moving average is 14.08 and the 200 day MA is 13.66. The company has a market cap of $5,904m. Company Website: https://www.valley.com [stock_market_widget type="chart" template="basic" color="green" assets=VLY" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,885m based on the market concensus. Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as time deposits.

Related Stocks: BRK.B , DM , VLY , JNJ , SDY , PNFP , XONE , SLV , VWO ,

Lower fee income and rise in expenses hurt Valley National's (VLY) Q4 earnings. On the other hand, a decline in provisions, higher loan balance and increase in net interest income act as tailwinds.

Valley National Bancorp (VLY) CEO Ira Robbins on Q4 2021 Results - Earnings Call Transcript

Valley National Bancorp (NASDAQ:VLY) is scheduled to announce Q4 earnings results on Thursday, January 27th, before market open.The consensus EPS Estimate is $0.29 (+7.4% Y/Y) and…

Valley National (VLY) receives shareholders' approval to acquire Bank Leumi USA. The acquisition can expand the company's technology and venture capital banking business.

Valley National Bancorp (VLY) shares closed today at 0.1% below its 52 week high of $15.04, giving the company a market cap of $6B. The stock is currently up 9.2% year-to-date, up 45.6% over the past 12 months, and up 58.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Trading Activity Trading volume this week was 14.5% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 22.5% The company's stock price performance over the past 12 months beats the peer average by 78.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 53.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.