Valley National Bancorp (VLY) Receives Daily News Impact Score of 0.22
News articles about Valley National Bancorp (NYSE:VLY) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Valley National Bancorp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.5195470131426 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Valley National Bancorp (VLY) traded down $0.24 during trading hours on Thursday, reaching $12.63. The company’s stock had a trading volume of 2,641,524 shares, compared to its average volume of 2,463,240. The firm has a market cap of $4,230.00, a PE ratio of 19.14 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. Valley National Bancorp has a 52-week low of $10.61 and a 52-week high of $13.00.
Valley National Bancorp (NYSE:VLY) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $199.57 million for the quarter, compared to analysts’ expectations of $194.26 million. Valley National Bancorp had a return on equity of 8.20% and a net margin of 17.08%. Valley National Bancorp’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. equities analysts anticipate that Valley National Bancorp will post 0.88 EPS for the current year.
In related news, Director Peter J. Baum bought 3,433 shares of the stock in a transaction on 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 acquisition, the director now owns 41,086 shares in the company, valued at $521,792.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.07% of the stock is currently owned by corporate 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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