Last $9.60 USD
Change Today -0.07 / -0.72%
Volume 924.9K
VLY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:50 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

valley national bancorp (VLY) Snapshot

Open
$9.62
Previous Close
$9.67
Day High
$9.70
Day Low
$9.60
52 Week High
04/23/14 - $10.81
52 Week Low
01/29/15 - $8.80
Market Cap
2.2B
Average Volume 10 Days
1.2M
EPS TTM
$0.55
Shares Outstanding
232.5M
EX-Date
03/11/15
P/E TM
17.5x
Dividend
$0.44
Dividend Yield
4.58%
Current Stock Chart for VALLEY NATIONAL BANCORP (VLY)

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valley national bancorp (VLY) Details

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and trust and investment services. The company operates in four segments: Commercial Lending, Consumer Lending, Investment Management, and Corporate and Other Adjustments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also provides trust services to individuals; and asset management advisory services. In addition, the company invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, and documentary letters of credit and related products. Further, it provides property and casualty, life, health, and title insurance; asset-based lending support services; and health care equipment and other commercial equipment leases, as well as owns and services real estate related investments, and general aviation aircraft loans and existing commercial equipment leases. Additionally, the company offers other banking services, such as automated teller machines, telephone and Internet banking, remote deposit capture, overdraft facilities, drive-in and night deposit services, and safe deposit services. As of December 29, 2014, it operated 224 branches in 24 counties in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island, as well as southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

valley national bancorp (VLY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.1M
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $545.8K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $545.8K
Chief Commercial Lending Officer, Executive V...
Total Annual Compensation: $465.0K
Chief Retail Lending Officer, Executive Vice ...
Total Annual Compensation: $440.0K
Compensation as of Fiscal Year 2013.

valley national bancorp (VLY) Key Developments

Valley National Bancorp Declares Quarterly Cash Dividend, Payable on April 1, 2015

Valley National Bancorp announced that a quarterly common stock cash dividend of $0.11 per share will be paid April 1, 2015 to shareholders of record on March 13, 2015. The dividend amount per share was unchanged as compared to the previous quarterly cash dividend.

Valley National Bancorp Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Effective Tax Rate Guidance for Year 2015; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

Valley National Bancorp announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported net interest income was $128,646,000 against $116,128,000 a year ago. Net interest income after provision for credit losses was $124,666,000 against $109,688,000 a year ago. Income before income taxes was $32,962,000 against $55,669,000 a year ago. Net income was $25,135,000 or $0.11 per diluted common share as compared $39,608,000 or $0.20 per diluted common share. Annualized return on average assets was 0.55% against 0.98% a year ago. Annualized return on average shareholders' equity was 5.65% against 10.35% a year ago. Annualized return on average tangible shareholders' equity was 8.26% against 14.88% a year ago. For the full year, net interest income was $474,757,000 against $447,720,000 a year ago. Net interest income after provision for credit losses was $472,873,000 against $431,625,000 a year ago. Income before income taxes was $147,234,000 against $178,940,000 a year ago. Net income was $116,172,000 or $0.56 per diluted common share compared to $131,961,000 or $0.66 per diluted common share. Annualized return on average assets was 0.69% against 0.83% a year ago. Annualized return on average shareholders' equity was 7.18% against 8.69% a year ago. Annualized return on average tangible shareholders' equity was 10.26% against 12.51% a year ago. Book value per share as at December 31, 2014 was $8.03 against $7.72 a year ago. Tangible book value per share as at December 31, 2014 was $5.38 against $5.39 a year ago. Net charge-offs for the fourth quarter of 2013 was $277,000 against $433,000 a year ago. For 2015, the company anticipates that effective tax rate will range from 27% to 29% primarily reflecting the impacts of tax-exempt income, tax-advantaged investments and general business credits.

Valley National Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015 01:00 PM

Valley National Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015 01:00 PM. Venue: The Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States.

 

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Industry Analysis

VLY

Industry Average

Valuation VLY Industry Range
Price/Earnings 17.0x
Price/Sales 4.0x
Price/Book 1.2x
Price/Cash Flow 19.1x
TEV/Sales NM Not Meaningful
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