Valley National Bancorp (NASDAQ:VLY – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01), Briefing.com reports. Valley National Bancorp had a return on equity of 8.67% and a net margin of 14.82%. The firm had revenue of $890.07 million during the quarter, compared to analyst estimates of $447.38 million. During the same quarter in the prior year, the firm earned $0.30 EPS.
Valley National Bancorp Trading Down 5.8 %
Shares of NASDAQ:VLY traded down $0.45 during mid-day trading on Friday, hitting $7.32. The stock had a trading volume of 7,034,616 shares, compared to its average volume of 6,258,330. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $3.73 billion, a PE ratio of 8.02 and a beta of 1.09. Valley National Bancorp has a 12-month low of $6.39 and a 12-month high of $11.22. The company’s 50 day moving average is $7.84 and its 200-day moving average is $8.82.
Valley National Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.44 annualized dividend and a dividend yield of 6.01%. Valley National Bancorp’s dividend payout ratio (DPR) is presently 46.32%.
Analyst Ratings Changes
Read Our Latest Report on Valley National Bancorp
Insider Activity at Valley National Bancorp
In related news, EVP Joseph Chillura sold 49,715 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 545,249 shares in the company, valued at approximately $4,460,136.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.88% of the stock is owned by insiders.
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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