Press coverage about Valley National Bancorp (NYSE:VLY) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valley National Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.1611147009785 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Valley National Bancorp (VLY) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Hot Stock to Track – Valley National Bancorp (NYSE: VLY) – Alpha Beta Stock (alphabetastock.com)
- Valley National Bancorp (VLY) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Noteworthy Stocks to Watch for: Valley National Bancorp (NYSE:VLY), Patterson-UTI Energy Inc. (NASDAQ:PTEN) – The Oracle Examiner (oracleexaminer.com)
- Volatility Factor under Trader’s Radar – Valley National Bancorp, (NYSE: VLY) – Stock Watch (stocksnewstimes.com)
Shares of Valley National Bancorp (NYSE VLY) opened at $13.27 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. The company has a market cap of $4,389.94, a price-to-earnings ratio of 22.88 and a beta of 0.93. Valley National Bancorp has a 1 year low of $10.61 and a 1 year high of $13.30.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 3.32%. Valley National Bancorp’s dividend payout ratio (DPR) is currently 75.86%.
VLY has been the topic of several analyst reports. Hovde Group reissued a “buy” rating and issued a $14.00 price objective on shares of Valley National Bancorp in a research note on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price objective on shares of Valley National Bancorp in a research note on Monday, January 29th. Zacks Investment Research raised shares of Valley National Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Saturday, January 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price target on shares of Valley National Bancorp in a research report on Friday, December 22nd. Finally, ValuEngine raised shares of Valley National Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Valley National Bancorp has a consensus rating of “Hold” and an average target price of $13.64.
In other news, Director Peter J. Baum purchased 3,433 shares of the business’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $12.70 per share, with a total value of $43,599.10. Following the completion of the transaction, the director now owns 41,086 shares of the company’s stock, valued at approximately $521,792.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.07% of the company’s stock.
Valley National Bancorp Company Profile
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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