Valley National Bancorp (NASDAQ:VLY – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01), Briefing.com reports. The business had revenue of $890.07 million for the quarter, compared to the consensus estimate of $447.38 million. Valley National Bancorp had a net margin of 14.82% and a return on equity of 8.67%. During the same quarter last year, the business posted $0.30 EPS.
Valley National Bancorp Stock Down 5.8 %
VLY stock traded down $0.45 during trading on Friday, hitting $7.32. 7,038,135 shares of the stock traded hands, compared to its average volume of 6,258,373. Valley National Bancorp has a 1 year low of $6.39 and a 1 year high of $11.22. The firm’s 50 day moving average is $7.84 and its two-hundred day moving average is $8.82. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 8.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99.
Valley National Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 14th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Wednesday, March 13th. Valley National Bancorp’s dividend payout ratio is presently 46.32%.
Analyst Ratings Changes
View Our Latest Research Report on Valley National Bancorp
Insider Transactions at Valley National Bancorp
In related news, EVP Joseph Chillura sold 49,715 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $8.18, for a total value of $406,668.70. Following the completion of the transaction, the executive vice president now directly owns 545,249 shares of the company’s stock, valued at $4,460,136.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.88% of the company’s stock.
Valley National Bancorp Company Profile
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.
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