Press coverage about Valley National Bancorp (NYSE:VLY) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valley National Bancorp earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.0824418240748 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Is Valley National Bancorp (NYSE:VLY) Expensive For A Reason? A Look At The Intrinsic Value (finance.yahoo.com)
- Valley National Bancorp (VLY) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Are These Just A Random Activities? Valley National Bancorp (VLY), ALam Research Corporation (LRCX) – Market Movers (financialqz.com)
- Valley National Bancorp (VLY) – Institutional Investors Have Lower Stakes? – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Analysts Anticipate Valley National Bancorp (VLY) Will Announce Quarterly Sales of $194.49 Million (americanbankingnews.com)
VLY has been the subject of several analyst reports. Zacks Investment Research raised Valley National Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Valley National Bancorp in a research note on Friday, September 29th. Royal Bank of Canada initiated coverage on Valley National Bancorp in a research note on Thursday, December 21st. They issued an “outperform” rating and a $14.00 price objective for the company. Finally, Piper Jaffray Companies raised Valley National Bancorp from a “neutral” rating to an “overweight” rating and set a $13.50 price objective for the company in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Valley National Bancorp currently has a consensus rating of “Hold” and a consensus target price of $13.21.
Valley National Bancorp (NYSE:VLY) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Valley National Bancorp had a return on equity of 8.27% and a net margin of 19.91%. The business had revenue of $193.00 million for the quarter, compared to the consensus estimate of $195.03 million. During the same period in the prior year, the business posted $0.16 earnings per share. Valley National Bancorp’s revenue was up 6.5% on a year-over-year basis. analysts anticipate that Valley National Bancorp will post 0.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 22nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Thursday, December 21st. Valley National Bancorp’s dividend payout ratio is currently 64.71%.
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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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