company background image
VLY

Valley National Bancorp NasdaqGS:VLY Stock Report

Last Price

US$10.80

Market Cap

US$5.5b

7D

-3.9%

1Y

-20.4%

Updated

02 Oct, 2022

Data

Company Financials +
VLY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends3/6

VLY Stock Overview

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products.

Valley National Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Valley National Bancorp
Historical stock prices
Current Share PriceUS$10.80
52 Week HighUS$15.10
52 Week LowUS$10.01
Beta1.14
1 Month Change-6.17%
3 Month Change1.98%
1 Year Change-20.41%
3 Year Change0.28%
5 Year Change-9.47%
Change since IPO203.90%

Recent News & Updates

Sep 29

Valley National Bancorp: Strong Topline Growth On The Cards

Summary The average loan balance for this year will be much higher than last year due to loan acquisitions as well as strong organic growth. Thanks to the recently improved deposit mix, the margin is moderately rate sensitive. The December 2022 target price suggests a high upside from the current market price. Further, VLY is offering a good dividend yield for a bank holding company.

Sep 15

Valley National Bancorp prices $150M of subordinated notes

Valley National Bancorp (NASDAQ:VLY) on Thursday priced $150M of its 6.25% fixed-to-floating rate notes due 2032. The notes are intended to qualify as tier 2 capital for regulatory purposes, VLY said in a statement. Interest on the notes will accrue at a rate equal to 6.25% per annum from the original issue date to, but excluding, Sept. 30, 2027, payable semiannually in arrears. Interest on the notes will also accrue at a floating rate per annum equal to a benchmark rate, which is expected to be three-month term secured overnight financing rate, plus a spread of 278 basis points from, and including, Sept. 30, 2027, payable quarterly in arrears. VLY said it intends to use an amount equal to the net proceeds from this offering to finance or re-finance, in part or in full, new and/or existing social and/or green assets, as set forth in its sustainable financing framework. VLY stock earlier closed +2.1% at $11.92.

Sep 08
Valley National Bancorp's (NASDAQ:VLY) Dividend Will Be $0.11

Valley National Bancorp's (NASDAQ:VLY) Dividend Will Be $0.11

Valley National Bancorp ( NASDAQ:VLY ) has announced that it will pay a dividend of $0.11 per share on the 3rd of...

Aug 21
Valley National Bancorp's (NASDAQ:VLY) Dividend Will Be $0.11

Valley National Bancorp's (NASDAQ:VLY) Dividend Will Be $0.11

The board of Valley National Bancorp ( NASDAQ:VLY ) has announced that it will pay a dividend on the 3rd of October...

Shareholder Returns

VLYUS BanksUS Market
7D-3.9%-3.2%-2.5%
1Y-20.4%-26.1%-23.2%

Return vs Industry: VLY exceeded the US Banks industry which returned -26.1% over the past year.

Return vs Market: VLY exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is VLY's price volatile compared to industry and market?
VLY volatility
VLY Average Weekly Movement3.8%
Banks Industry Average Movement3.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: VLY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VLY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19273,370Ira Robbinshttps://www.valley.com

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans.

Valley National Bancorp Fundamentals Summary

How do Valley National Bancorp's earnings and revenue compare to its market cap?
VLY fundamental statistics
Market CapUS$5.47b
Earnings (TTM)US$438.07m
Revenue (TTM)US$1.46b

12.5x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VLY income statement (TTM)
RevenueUS$1.46b
Cost of RevenueUS$0
Gross ProfitUS$1.46b
Other ExpensesUS$1.02b
EarningsUS$438.07m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.87
Gross Margin100.00%
Net Profit Margin30.08%
Debt/Equity Ratio53.9%

How did VLY perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

44%

Payout Ratio