Valley National Bancorp (VLY) Earns Media Impact Rating of 0.18
News headlines about Valley National Bancorp (NYSE:VLY) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Valley National Bancorp earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9639065730567 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Valley National Bancorp (VLY) Announces $0.11 Quarterly Dividend (americanbankingnews.com)
- Valley National Bancorp to Present at 2018 RBC Capital Markets Financial Institutions Conference (prnewswire.com)
- Valley National Bancorp (VLY) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Valley National Bancorp (VLY) Position Boosted by Swiss National Bank (americanbankingnews.com)
- Valley National Bank and Unison’s New Five Percent Down Payment Program Help Home Buyers Reap the Benefits of an 80 Percent LTV Mortgage (prnewswire.com)
A number of research analysts have weighed in on VLY shares. Morgan Stanley lifted their target price on Valley National Bancorp from $13.00 to $13.50 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 target price on shares of Valley National Bancorp in a report on Monday, January 29th. Hovde Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Valley National Bancorp in a report on Wednesday, January 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 target price on shares of Valley National Bancorp in a report on Friday, December 22nd. Finally, Royal Bank of Canada started coverage on Valley National Bancorp in a report on Thursday, December 21st. They set an “outperform” rating and a $14.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.64.
Valley National Bancorp (NYSE:VLY) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $199.57 million during the quarter, compared to analyst estimates of $194.26 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts expect that Valley National Bancorp will post 0.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, March 14th. Valley National Bancorp’s payout ratio is 75.86%.
In other Valley National Bancorp news, Director Peter J. Baum acquired 3,433 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $12.70 per share, with a total value of $43,599.10. Following the completion of the acquisition, the director now owns 41,086 shares of the company’s stock, valued at $521,792.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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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