Valley National Bancorp (NYSE:VLY) Receives News Sentiment Score of 0.22
Media headlines about Valley National Bancorp (NYSE:VLY) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Valley National Bancorp earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.2797239564189 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Valley National Bancorp (VLY) Lowered to “Strong Sell” at BidaskClub (americanbankingnews.com)
- The Valley National Bancorp (VLY) Receives “Equal Weight” Rating from Morgan Stanley (footballhebdo.com)
- Texas Permanent School Fund Boosts Position in Valley National Bancorp (VLY) (wisdomsave.com)
- Valley National Bancorp’s (NYSE:VLY) Neutral Rating Reiterated at Piper Jaffray Companies (overnewsmagazine.com)
- Valley National Bancorp (NYSE:VLY) Position Decreased by Nuveen Asset Management LLC (campdesrecrues.com)
Shares of Valley National Bancorp (NYSE:VLY) traded down 0.79% during midday trading on Friday, reaching $11.31. The company’s stock had a trading volume of 1,345,286 shares. Valley National Bancorp has a 12-month low of $9.15 and a 12-month high of $12.82. The company’s 50-day moving average price is $11.81 and its 200 day moving average price is $11.88. The company has a market capitalization of $2.99 billion, a P/E ratio of 16.16 and a beta of 0.90.
Valley National Bancorp (NYSE:VLY) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $195.79 million during the quarter, compared to analyst estimates of $190.83 million. Valley National Bancorp had a return on equity of 8.39% and a net margin of 20.73%. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities research analysts forecast that Valley National Bancorp will post $0.71 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and set a $12.00 price objective on shares of Valley National Bancorp in a research report on Tuesday, June 27th. BidaskClub upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Hovde Group upgraded Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods upgraded Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Valley National Bancorp has a consensus rating of “Hold” and an average target price of $12.67.
In other Valley National Bancorp news, Director Mary Guilfoile sold 39,495 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $11.91, for a total transaction of $470,385.45. Following the completion of the transaction, the director now owns 258,719 shares of the company’s stock, valued at approximately $3,081,343.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.07% of the company’s stock.
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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