Equities research analysts expect that Valley National Bancorp (NYSE:VLY) will post $0.23 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Valley National Bancorp’s earnings, with estimates ranging from $0.21 to $0.24. Valley National Bancorp posted earnings per share of $0.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.8%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that Valley National Bancorp will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.85. For the next year, analysts expect that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.96 to $1.01. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Valley National Bancorp.

Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $245.84 million during the quarter, compared to analyst estimates of $252.55 million.

Several research firms recently weighed in on VLY. Zacks Investment Research upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. TheStreet cut Valley National Bancorp from a “b” rating to a “c+” rating in a research note on Friday, November 9th. Finally, ValuEngine cut Valley National Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Valley National Bancorp currently has a consensus rating of “Hold” and an average price target of $13.97.

In related news, Director Gerald Korde sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $10.03, for a total transaction of $30,090.00. Following the completion of the sale, the director now owns 659,111 shares in the company, valued at $6,610,883.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.45% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Valley National Bancorp by 10.8% in the third quarter. BlackRock Inc. now owns 42,935,005 shares of the financial services provider’s stock valued at $483,019,000 after buying an additional 4,180,131 shares during the last quarter. Vanguard Group Inc. lifted its stake in Valley National Bancorp by 5.1% in the third quarter. Vanguard Group Inc. now owns 29,544,729 shares of the financial services provider’s stock valued at $332,378,000 after buying an additional 1,432,502 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Valley National Bancorp by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 12,817,232 shares of the financial services provider’s stock valued at $144,195,000 after buying an additional 179,342 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Valley National Bancorp by 66.0% in the third quarter. Macquarie Group Ltd. now owns 9,731,680 shares of the financial services provider’s stock valued at $109,481,000 after buying an additional 3,869,127 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Valley National Bancorp by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 6,004,155 shares of the financial services provider’s stock valued at $73,010,000 after buying an additional 191,335 shares during the last quarter. Institutional investors own 55.94% of the company’s stock.

Shares of VLY traded down $0.07 during midday trading on Friday, hitting $10.09. The company had a trading volume of 3,259,127 shares, compared to its average volume of 2,402,145. Valley National Bancorp has a 1 year low of $9.32 and a 1 year high of $13.38.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, December 13th.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. 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.

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Earnings History and Estimates for Valley National Bancorp (NYSE:VLY)

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