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Last $9.40 USD
Change Today +0.01 / 0.11%
Volume 1.6M
VLY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:02 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

valley national bancorp (VLY) Snapshot

Open
$9.40
Previous Close
$9.39
Day High
$9.51
Day Low
$9.34
52 Week High
07/1/15 - $10.50
52 Week Low
01/29/15 - $8.80
Market Cap
2.2B
Average Volume 10 Days
1.9M
EPS TTM
$0.50
Shares Outstanding
232.7M
EX-Date
09/11/15
P/E TM
18.8x
Dividend
$0.44
Dividend Yield
4.67%
Current Stock Chart for VALLEY NATIONAL BANCORP (VLY)

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valley national bancorp (VLY) Details

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. 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 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, documentary letters of credit, and related products and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising 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 31, 2014, it operated 224 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

2,907 Employees
Last Reported Date: 02/27/15
Founded in 1927

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 2014.

valley national bancorp (VLY) Key Developments

Valley National Bancorp Announces Preferred Stock Dividend, Payable on September 30, 2015; Announces Common Stock Dividend, Payable on October 01, 2015

Valley National Bancorp announced that it will pay a cash dividend of USD 0.438368 per share on its 6.25% fixed-to-floating rate non-cumulative perpetual preferred stock series. The dividend will be paid to shareholders of record on September 11, 2015, on September 30, 2015. Also, The company declared a common stock cash dividend of USD 0.11 per share that is unchanged from that paid out in the last quarter. This will be paid on October 01, 2015 to shareholders of record on September 15, 2015.

Valley National Bancorp Plans to Close and Consolidate 13 Branch Locations

Wayne, N.J.-based Valley National Bancorp, the parent of Valley National Bank, plans to close and consolidate 13 branch locations during the second half of 2015. The branches - 12 in New Jersey and one in New York City - represent about 6% of the company's current branch network and are a mix of leased and owned properties.

Valley National Bancorp Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter of 2015

Valley National Bancorp announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $136,177,000 compared with $117,419,000 for the same period a year ago. Net income was $31,991,000 or $0.14 per basic and diluted share compared with $29,520,000 or $0.15 per basic and diluted share for the same period a year ago. Annualized return on average shareholders' equity was 6.75% compared with 7.54% for the same period a year ago. Annualized return on average tangible shareholders' equity was 9.96% compared with 10.68% for the same period a year ago. Annualized return on average assets was 0.67% compared to 0.72% a year ago. For the six months, the company reported net interest income of $268,263,000 compared with $231,443,000 for the same period a year ago. Net income was $62,332,000 or $0.27 per basic and diluted share compared with $63,355,000 or $0.32 per basic and diluted share for the same period a year ago. Annualized return on average shareholders' equity was 6.62% compared with 8.14% for the same period a year ago. Annualized return on average tangible shareholders' equity was 9.81% compared with 11.59% for the same period a year ago. Annualized return on average assets was 0.66% compared to 0.78% a year ago. Book value as at June 30, 2015 was $8.06 compared to $7.85 as at June 30, 2014. Tangible book value as at June 30, 2015 was $5.43 compared to $5.55 as at June 30, 2014. For the quarter, the company reported Net charge-offs of $4,178,000 compared to $9,842,000 a year ago.

 

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Industry Analysis

VLY

Industry Average

Valuation VLY Industry Range
Price/Earnings 17.9x
Price/Sales 3.8x
Price/Book 1.2x
Price/Cash Flow 18.8x
TEV/Sales NM Not Meaningful
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