Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services.
Very undervalued with flawless balance sheet and pays a dividend.
Share Price & News
How has Valley National Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VLY's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VLY underperformed the US Banks industry which returned -32.9% over the past year.
Return vs Market: VLY underperformed the US Market which returned -15.1% over the past year.
Price Volatility Vs. Market
How volatile is Valley National Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDo Directors Own Valley National Bancorp (NASDAQ:VLY) Shares?
2 months ago | Simply Wall StHow Many Valley National Bancorp (NASDAQ:VLY) Shares Have Insiders Sold, In The Last Year?
2 months ago | Simply Wall StDoes Valley National Bancorp's (NASDAQ:VLY) Share Price Gain of 23% Match Its Business Performance?
Is Valley National Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VLY ($6.28) is trading below our estimate of fair value ($14.11)
Significantly Below Fair Value: VLY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VLY is good value based on its PE Ratio (7.1x) compared to the Banks industry average (8.6x).
PE vs Market: VLY is good value based on its PE Ratio (7.1x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: VLY is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: VLY is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
How is Valley National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VLY's forecast earnings growth (13.3% per year) is above the savings rate (1.7%).
Earnings vs Market: VLY's earnings (13.3% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: VLY's earnings are forecast to grow, but not significantly.
Revenue vs Market: VLY's revenue (6.5% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: VLY's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VLY's Return on Equity is forecast to be low in 3 years time (8.8%).
How has Valley National Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VLY has high quality earnings.
Growing Profit Margin: VLY's current net profit margins (27.7%) are higher than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: VLY's earnings have grown significantly by 24.8% per year over the past 5 years.
Accelerating Growth: VLY's earnings growth over the past year (19.4%) is below its 5-year average (24.8% per year).
Earnings vs Industry: VLY earnings growth over the past year (19.4%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: VLY's Return on Equity (7.1%) is considered low.
How is Valley National Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: VLY has a low level of unsold assets or inventory.
Debt Coverage by Assets: VLY's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: VLY's level of assets compared to its equity is low.
Allowance for Bad Loans: VLY has a sufficient allowance for bad loans.
Low Risk Liabilities: VLY's liabilities are made up of primarily low risk sources of funding.
Loan Level: VLY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VLY's loans are broadly funded by customer deposits.
Level of Bad Loans: VLY has an appropriate level of bad loans (0.31%)
What is Valley National Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VLY's dividend (7.01%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: VLY's dividend (7.01%) is in the top 25% of dividend payers in the US market (5.71%)
Stability and Growth of Payments
Stable Dividend: VLY's dividend payments have been volatile in the past 10 years.
Growing Dividend: VLY's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50%), VLY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VLY's dividends in 3 years are forecast to be well covered by earnings (46.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ira Robbins (44yo)
Mr. Ira D. Robbins, CPA has been the President of Valley National Bank at Valley National Bancorp since January 5, 2017 and serves as its Chief Executive Officer and Chairman of the Board. Mr. Robbins serv ...
CEO Compensation Analysis
Compensation vs Market: Ira's total compensation ($USD3.97M) is below average for companies of similar size in the US market ($USD5.69M).
Compensation vs Earnings: Ira's compensation has increased by more than 20% in the past year.
|Chairman of the Board||2.33yrs||US$3.97m||0.040% $1.0m|
|Senior EVP & CFO||0.67yr||US$1.58m||no data|
|Senior EVP & COO||2.17yrs||US$1.51m||0.0054% $138.2k|
|Senior EVP||3.25yrs||US$1.52m||0.013% $327.6k|
|Executive Officer & Senior EVP||0.67yr||US$1.85m||0.080% $2.0m|
|Senior EVP & Chief Banking Officer||no data||US$1.97m||0.026% $648.9k|
|Executive VP & Chief Accounting Officer||9.25yrs||no data||0.0063% $160.0k|
|First Senior VP & Investor Relations Officer||2.25yrs||no data||no data|
|Senior EVP & Chief Human Resources Officer||2.5yrs||no data||0.0021% $52.3k|
|Executive VP and Corporate Social Responsibility & Senior Community Reinvestment Act Officer||no data||no data||0.023% $586.9k|
Experienced Management: VLY's management team is considered experienced (2.3 years average tenure).
|Chairman of the Board||2.33yrs||US$3.97m||0.040% $1.0m|
|Lead Independent Director||5.42yrs||US$266.79k||0.066% $1.7m|
|Independent Director||8.25yrs||US$192.37k||0.11% $2.7m|
|Independent Director||2.25yrs||US$170.53k||0.99% $25.1m|
|Independent Director||16.42yrs||US$209.97k||0.0093% $235.4k|
|Independent Director||15.33yrs||US$181.98k||0.012% $293.6k|
|Independent Director||12.33yrs||US$188.57k||0.058% $1.5m|
|Independent Director||12.33yrs||US$197.23k||0.017% $424.1k|
|Independent Director||8yrs||US$181.52k||0.013% $331.9k|
Experienced Board: VLY's board of directors are seasoned and experienced ( 12.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VLY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Valley National Bancorp's company bio, employee growth, exchange listings and data sources
- Name: Valley National Bancorp
- Ticker: VLY
- Exchange: NasdaqGS
- Founded: 1927
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.540b
- Shares outstanding: 403.75m
- Website: https://www.valley.com
Number of Employees
- Valley National Bancorp
- One Penn Plaza
- Suite 2930
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VLY||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1980|
|VNB||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1980|
|VLYP.P||NasdaqGS (Nasdaq Global Select)||6.25% PFD SER A||US||USD||Jun 2015|
|VLYP.O||NasdaqGS (Nasdaq Global Select)||5.50% PFD SER B||US||USD||Jul 2017|
|VLYB34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REP 1 COM NPV||BR||BRL||May 2019|
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services. 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 certificates of deposit. The company offers various loan products comprising residential mortgage loans, automobile loans, secured personal lines of credit, and home equity loans; and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. It also invests in securities and interest-bearing deposits with other banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services, such as foreign exchange transactions, documentary collections, foreign wire transfers, and transaction accounts for non-resident aliens. In addition, the company provides asset management advisory, trust, and asset-based lending support 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 real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. The company operates approximately 200 branches in New Jersey, New York, Florida, and Alabama. Valley National Bancorp was founded in 1927 and is based in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 06:11|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.