NasdaqGS:VLYP.P

Stock Analysis Report

Valley National Bancorp

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


Similar Companies

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


Market Performance


7 Day Return

1.4%

NasdaqGS:VLYP.P

3.3%

US Banks

2.1%

US Market


1 Year Return

6.8%

NasdaqGS:VLYP.P

-13.8%

US Banks

-0.04%

US Market

VLYP.P outperformed the Banks industry which returned -14.8% over the past year.

VLYP.P outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

VLYP.PIndustryMarket
7 Day1.4%3.3%2.1%
30 Day2.8%-7.0%-3.2%
90 Day1.5%-2.3%2.8%
1 Year13.3%6.8%-11.3%-13.8%2.2%-0.04%
3 Year14.0%-4.0%42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

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

No news available

Valuation

Is Valley National Bancorp undervalued based on future cash flows and its price relative to the stock market?

2%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Valley National Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Valley National Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Valley National Bancorp is good value based on earnings compared to the US Banks industry average.

Valley National Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Valley National Bancorp is good value based on expected growth next year.


Price Based on Value of Assets

Valley National Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Valley National Bancorp expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Valley National Bancorp's revenue is expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).

Valley National Bancorp's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).

Valley National Bancorp's revenue growth is expected to exceed the United States of America market average.

Valley National Bancorp's earnings growth is expected to exceed the United States of America market average.

Valley National Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Valley National Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Valley National Bancorp performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Valley National Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Valley National Bancorp's 1-year earnings growth exceeds its 5-year average (92.4% vs 20.5%)

Valley National Bancorp's earnings growth has exceeded the US Banks industry average in the past year (92.4% vs 33.2%).


Return on Equity

Valley National Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Valley National Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Valley National Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Valley National Bancorp has an acceptable proportion of non-loan assets held.

Valley National Bancorp has a sufficient allowance for bad loans.

Valley National Bancorp's liabilities are made up of primarily low risk sources of funding.

Valley National Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Valley National Bancorp are broadly funded by customer deposits.

Valley National Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Valley National Bancorp's current dividend yield, its reliability and sustainability?

4.28%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Valley National Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Valley National Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Valley National Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


Next Steps

Management

What is the CEO of Valley National Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Ira Robbins (44yo)

1.7yrs

Tenure

US$3,184,919

Compensation

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. Mr. Robbins serves as Chairman, President  ...


CEO Compensation Analysis

Ira's remuneration is lower than average for companies of similar size in United States of America.

Ira's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

58yo

Average Age

The average tenure for the Valley National Bancorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

11.7yrs

Average Tenure

64yo

Average Age

The average tenure for the Valley National Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ronald Janis (70yo)

    Senior EVP & General Counsel

    • Tenure: 2.6yrs
    • Compensation: US$1.50m
  • Tom Iadanza (60yo)

    Senior EVP & Chief Banking Officer

    • Tenure: 0.0yrs
    • Compensation: US$1.81m
  • Mike Hagedorn (52yo)

    Senior EVP & CFO

    • Tenure: 0.0yrs
  • Ira Robbins (44yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.18m
  • Bernadette Mueller (60yo)

    Executive VP and Corporate Social Responsibility & Senior Community Reinvestment Act Officer

    • Tenure: 0.0yrs
  • Bob Bardusch (53yo)

    Senior EVP & COO

    • Tenure: 1.5yrs
    • Compensation: US$1.18m
  • Melissa Scofield (59yo)

    Executive VP & Chief Risk Officer

    • Tenure: 4.4yrs
  • Kevin Chittenden (54yo)

    Executive VP & Chief Residential Lending Officer

    • Tenure: 0.0yrs
  • Yvonne Surowiec (58yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 1.8yrs
  • Rick Kraemer

    First Senior VP & Investor Relations Officer

    • Tenure: 1.6yrs

Board Members

  • Gerry Lipkin (78yo)

    Chairman of the Board

    • Tenure: 29.4yrs
    • Compensation: US$603.48k
  • Andrew Abramson (65yo)

    Lead Director

    • Tenure: 4.8yrs
    • Compensation: US$253.64k
  • Graham Jones (74yo)

    Director

    • Tenure: 22.6yrs
    • Compensation: US$195.12k
  • Jeffrey Wilks (59yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$181.89k
  • Eric Edelstein (70yo)

    Director

    • Tenure: 15.8yrs
    • Compensation: US$206.14k
  • Michael LaRusso (73yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$187.39k
  • Ira Robbins (44yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.18m
  • Marc Lenner (53yo)

    Director

    • Tenure: 11.7yrs
    • Compensation: US$181.89k
  • Suresh Sani (54yo)

    Director

    • Tenure: 11.7yrs
    • Compensation: US$193.64k
  • Peter Baum (63yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$194.14k

Company Information

Valley National Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Valley National Bancorp
  • Ticker: VLYP.P
  • Exchange: NasdaqGS
  • Founded: 1927
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.474b
  • Shares outstanding: 331.79m
  • Website: https://www.valley.com

Number of Employees


Location

  • Valley National Bancorp
  • 1455 Valley Road
  • Wayne
  • New Jersey
  • 7470
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VLYNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1980
VNBDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1980
VLYP.PNasdaqGS (Nasdaq Global Select)6.25% PFD SER AUSUSDJun 2015
VLYP.ONasdaqGS (Nasdaq Global Select)5.50% PFD SER BUSUSDJul 2017
VLYB34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 1 COM NPVBRBRLMay 2019

Biography

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 Comm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:34
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.