Valley National Bancorp (VLY) Receiving Somewhat Positive Media Coverage, Report Shows
Media coverage about Valley National Bancorp (NYSE:VLY) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valley National Bancorp earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.7632687250975 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Valley National Bancorp (VLY) stock RSI 70.44 Reading lies in an overbought Zone – Voice Of Analysts (analystsbuzz.com)
- Valley National Bancorp Receives Federal Reserve Approval for the Acquisition of USAmeriBancorp, Inc. – PR Newswire (press release) (prnewswire.com)
- Father Of Vegas Shooting Suspect Was Bank Robber Who Made FBI’s Most Wanted List (laist.com)
- Vegas shooter’s dad allegedly robbed Phoenix bank, on FBI Most Wanted list (12news.com)
A number of equities research analysts recently commented on VLY shares. BidaskClub cut shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Wedbush reissued a “neutral” rating and set a $12.00 target price on shares of Valley National Bancorp in a research report on Tuesday, June 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $11.50 price target (up previously from $11.00) on shares of Valley National Bancorp in a report on Friday, July 7th. Zacks Investment Research cut shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.67.
Shares of Valley National Bancorp (VLY) opened at 11.84 on Thursday. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $11.63. Valley National Bancorp has a 1-year low of $9.36 and a 1-year high of $12.82. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 16.91 and a beta of 0.91.
Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $195.79 million for the quarter, compared to analysts’ expectations of $190.83 million. Valley National Bancorp had a net margin of 20.73% and a return on equity of 8.39%. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts anticipate that Valley National Bancorp will post $0.71 EPS for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 14th. Valley National Bancorp’s dividend payout ratio is currently 62.86%.
In other Valley National Bancorp news, Director Mary Guilfoile sold 39,495 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $11.91, for a total value of $470,385.45. Following the transaction, the director now directly owns 258,719 shares of the company’s stock, valued at approximately $3,081,343.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.07% of the company’s stock.
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Valley National Bancorp Company Profile
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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