Financial Services - Banks - Regional - NASDAQ - US
$ 10.19
0.493 %
$ 5.63 B
Market Cap
16.44
P/E
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts, commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, foreign wire transfers services, and transaction accounts for non-resident aliens.[ Read More ]
The intrinsic value of one VLY stock under the base case scenario is HIDDEN Compared to the current market price of 10.2 USD, Valley National Bancorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart VLY
FINANCIALS
1.82 B
REVENUE
689 M
OPERATING INCOME
499 M
NET INCOME
378 M
OPERATING CASH FLOW
-3.35 B
INVESTING CASH FLOW
2.91 B
FINANCING CASH FLOW
921 M
REVENUE
127 M
OPERATING INCOME
97.9 M
NET INCOME
-145 M
OPERATING CASH FLOW
-175 M
INVESTING CASH FLOW
-820 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Valley National Bancorp
| Current Assets | 891 M |
| Cash & Short-Term Investments | 891 M |
| Receivables | 245 M |
| Other Current Assets | -245 M |
| Non-Current Assets | 60 B |
| Long-Term Investments | 5.1 B |
| PP&E | 725 M |
| Other Non-Current Assets | 54.2 B |
| Current Liabilities | 14.1 B |
| Accounts Payable | 0 |
| Short-Term Debt | 1.13 B |
| Other Current Liabilities | 13 B |
| Non-Current Liabilities | 52.9 B |
| Long-Term Debt | 2.62 B |
| Other Non-Current Liabilities | 50.3 B |
EFFICIENCY
Earnings Waterfall
Valley National Bancorp
| Revenue | 1.82 B |
| Cost Of Revenue | 0 |
| Gross Profit | 1.82 B |
| Operating Expenses | 1.88 B |
| Operating Income | 689 M |
| Other Expenses | 191 M |
| Net Income | 499 M |
RATIOS
100.00%
GROSS MARGIN
37.81%
OPERATING MARGIN
27.35%
NET MARGIN
7.44%
ROE
0.82%
ROA
5.04%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Valley National Bancorp
| Net Income | 499 M |
| Depreciation & Amortization | 83.2 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 33.1 M |
| Change in Working Capital | -265 M |
| Others | -227 M |
| Free Cash Flow | 378 M |
Wall Street Analysts Price Targets
Valley National Bancorp
Wall Street analysts predict an average 1-year price target for VLY of $9.42 , with forecasts ranging from a low of $7 to a high of $11 .
VLY Lowest Price Target
Wall Street Target
7 USD
-31.31%
VLY Average Price Target
Wall Street Target
9.42 USD
-7.59%
VLY Highest Price Target
Wall Street Target
11 USD
7.95%
4. DIVIDEND ANALYSIS
2.65%
DIVIDEND YIELD
0.11 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Valley National Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
378 K USD 2
6-9 MONTHS
407 K USD 1
9-12 MONTHS
1.36 M USD 1
Bought
0 USD 0
0-3 MONTHS
5 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
6.98 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
Jun 14, 2024
|
Sell 65.7 K USD
|
CHILLURA JOSEPH
SEVP, CML Banking President |
- 10000
|
6.57 USD |
|
5 months ago
Jun 10, 2024
|
Bought 5 K USD
|
WILLIAMS SIDNEY S
Director |
+ 742
|
6.74 USD |
|
5 months ago
May 23, 2024
|
Sell 186 K USD
|
CHILLURA JOSEPH
SEVP, CML Banking President |
- 25000
|
7.43 USD |
|
5 months ago
May 22, 2024
|
Sell 127 K USD
|
ABRAMSON ANDREW B
Director |
- 16451
|
7.72 USD |
|
8 months ago
Mar 11, 2024
|
Sell 407 K USD
|
CHILLURA JOSEPH
SEVP, CML Banking President |
- 49715
|
8.18 USD |
|
9 months ago
Jan 29, 2024
|
Bought 6.98 K USD
|
WILLIAMS SIDNEY S
Director |
+ 673
|
10.37 USD |
|
11 months ago
Dec 08, 2023
|
Sell 497 K USD
|
CHILLURA JOSEPH
SEVP, Chief Customer Officer |
- 50000
|
9.95 USD |
|
1 year ago
Nov 14, 2023
|
Sell 864 K USD
|
CHILLURA JOSEPH
SEVP, Chief Customer Officer |
- 100000
|
8.64 USD |
|
1 year ago
May 22, 2023
|
Bought 69.3 K USD
|
SANI SURESH L
Director |
+ 4416
|
15.7 USD |
|
1 year ago
May 12, 2023
|
Bought 13.9 K USD
|
MENDELSON AVNER
Director |
+ 1000
|
13.93 USD |
|
1 year ago
May 12, 2023
|
Bought 16.5 K USD
|
MENDELSON AVNER
Director |
+ 1000
|
16.48 USD |
|
1 year ago
May 12, 2023
|
Bought 6.24 K USD
|
MENDELSON AVNER
Director |
+ 376
|
16.6 USD |
|
1 year ago
May 12, 2023
|
Bought 3.88 K USD
|
MENDELSON AVNER
Director |
+ 235
|
16.5 USD |
|
1 year ago
May 12, 2023
|
Bought 13.9 K USD
|
MENDELSON AVNER
Director |
+ 1000
|
13.93 USD |
|
1 year ago
May 12, 2023
|
Bought 16.5 K USD
|
MENDELSON AVNER
Director |
+ 1000
|
16.48 USD |
|
1 year ago
May 12, 2023
|
Bought 6.24 K USD
|
MENDELSON AVNER
Director |
+ 376
|
16.6 USD |
|
1 year ago
May 12, 2023
|
Bought 3.88 K USD
|
MENDELSON AVNER
Director |
+ 235
|
16.5 USD |
|
1 year ago
May 08, 2023
|
Bought 30.2 K USD
|
LENNER MARC J
Director |
+ 2000
|
15.09 USD |
|
1 year ago
May 08, 2023
|
Bought 43.6 K USD
|
Baum Peter J
Director |
+ 2500
|
17.45 USD |
|
1 year ago
Mar 14, 2023
|
Bought 96.7 K USD
|
EDELSTEIN ERIC P
Director |
+ 9541
|
10.14 USD |
|
1 year ago
Mar 14, 2023
|
Bought 17.1 K USD
|
EDELSTEIN ERIC P
Director |
+ 1684
|
10.135 USD |
|
1 year ago
Mar 14, 2023
|
Bought 51.8 K USD
|
EDELSTEIN ERIC P
Director |
+ 5100
|
10.15 USD |
|
1 year ago
Mar 14, 2023
|
Bought 37.3 K USD
|
EDELSTEIN ERIC P
Director |
+ 3675
|
10.16 USD |
|
1 year ago
Mar 15, 2023
|
Bought 47.5 K USD
|
Robbins Ira
Chief Executive Officer |
+ 5000
|
9.4999 USD |
|
1 year ago
Mar 14, 2023
|
Bought 981 USD
|
WILLIAMS SIDNEY S
Director |
+ 101
|
9.715 USD |
|
1 year ago
Mar 14, 2023
|
Bought 20.7 K USD
|
WILKS JEFFREY S
Director |
+ 2000
|
10.366 USD |
|
1 year ago
Mar 14, 2023
|
Bought 21.3 K USD
|
WILKS JEFFREY S
Director |
+ 2000
|
10.636 USD |
|
1 year ago
Mar 14, 2023
|
Bought 20.9 K USD
|
WILKS JEFFREY S
Director |
+ 2000
|
10.437 USD |
|
1 year ago
Mar 14, 2023
|
Bought 20.9 K USD
|
WILKS JEFFREY S
Director |
+ 2000
|
10.435 USD |
|
1 year ago
Mar 14, 2023
|
Bought 5.46 K USD
|
MAIO PETER V
Director |
+ 500
|
10.93 USD |
|
1 year ago
Mar 14, 2023
|
Bought 991 K USD
|
Steans Jennifer W
Director |
+ 100000
|
9.91 USD |
|
1 year ago
Mar 14, 2023
|
Bought 514 K USD
|
Steans Jennifer W
Director |
+ 50000
|
10.29 USD |
|
1 year ago
Mar 14, 2023
|
Bought 49.7 K USD
|
SANI SURESH L
Director |
+ 4873
|
10.1894 USD |
|
1 year ago
Mar 14, 2023
|
Bought 514 K USD
|
Steans Jennifer W
Director |
+ 50000
|
10.29 USD |
|
1 year ago
Mar 14, 2023
|
Bought 27.3 K USD
|
Baum Peter J
Director |
+ 2500
|
10.93 USD |
|
1 year ago
Mar 14, 2023
|
Bought 153 K USD
|
SCHULTZ MELISSA J
Director |
+ 15000
|
10.21 USD |
|
1 year ago
Mar 14, 2023
|
Bought 54.6 K USD
|
LENNER MARC J
Director |
+ 5000
|
10.93 USD |
|
1 year ago
Mar 08, 2023
|
Bought 1.1 K USD
|
LANDAU DAFNA
Director |
+ 100
|
10.99 USD |
|
1 year ago
Feb 21, 2023
|
Sell 71.4 K USD
|
ABRAMSON ANDREW B
Director |
- 6000
|
11.9 USD |
|
2 years ago
Sep 12, 2022
|
Bought 2.52 K USD
|
WILLIAMS SIDNEY S
Director |
+ 208
|
12.12 USD |
|
3 years ago
Jun 15, 2021
|
Bought 2.4 K USD
|
WILLIAMS SIDNEY S
Director |
+ 174
|
13.805 USD |
|
3 years ago
Jan 14, 2021
|
Sell 3.28 M USD
|
Lynch Kevin J
Director |
- 300000
|
10.94 USD |
|
3 years ago
Jan 14, 2021
|
Sell 3.28 M USD
|
Lynch Kevin J
Director |
- 300000
|
10.94 USD |
|
3 years ago
Jan 15, 2021
|
Sell 3.2 M USD
|
Lynch Kevin J
Director |
- 300000
|
10.66 USD |
|
3 years ago
Dec 08, 2020
|
Sell 55.9 K USD
|
JONES GRAHAM O
Director |
- 5775
|
9.6744 USD |
|
4 years ago
Oct 30, 2020
|
Bought 1.02 K USD
|
WILLIAMS SIDNEY S
Director |
+ 135
|
7.59 USD |
|
4 years ago
Jun 09, 2020
|
Bought 60.1 K USD
|
Lynch Kevin J
Director |
+ 6350
|
9.4694 USD |
|
4 years ago
Jun 09, 2020
|
Bought 60.1 K USD
|
Lynch Kevin J
Director |
+ 6350
|
9.4694 USD |
|
4 years ago
Jun 05, 2020
|
Sell 42.3 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 4551
|
9.3 USD |
|
4 years ago
Jun 05, 2020
|
Sell 387 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 41421
|
9.347 USD |
|
4 years ago
Jun 02, 2020
|
Sell 449 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 55139
|
8.14 USD |
|
4 years ago
Jun 02, 2020
|
Sell 760 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 94861
|
8.011 USD |
|
4 years ago
Jun 03, 2020
|
Sell 394 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 46125
|
8.539 USD |
|
4 years ago
Jun 04, 2020
|
Sell 468 K USD
|
CHILLURA JOSEPH
SEVP, Chief Ret & Busn Bnkg Of |
- 53875
|
8.679 USD |
|
4 years ago
May 12, 2020
|
Bought 221 K USD
|
EDELSTEIN ERIC P
Director |
+ 30000
|
7.3622 USD |
|
4 years ago
Mar 16, 2020
|
Bought 48.9 K USD
|
Janis Ronald H.
Senior EVP & General Counsel |
+ 7000
|
6.98 USD |
|
4 years ago
Mar 13, 2020
|
Bought 2.04 M USD
|
Steans Jennifer W
Director |
+ 270000
|
7.55 USD |
|
4 years ago
Mar 13, 2020
|
Bought 412 K USD
|
Steans Jennifer W
Director |
+ 55000
|
7.5 USD |
|
4 years ago
Mar 12, 2020
|
Bought 17.1 K USD
|
Robbins Ira
Chief Executive Officer |
+ 2500
|
6.84 USD |
|
4 years ago
Mar 11, 2020
|
Bought 19 K USD
|
Robbins Ira
Chief Executive Officer |
+ 2500
|
7.58 USD |
|
4 years ago
Mar 11, 2020
|
Bought 20.2 K USD
|
LENNER MARC J
Director |
+ 2650
|
7.64 USD |
|
4 years ago
Mar 11, 2020
|
Bought 15.4 K USD
|
SCHULTZ MELISSA J
Director |
+ 2000
|
7.69 USD |
|
4 years ago
Feb 06, 2020
|
Sell 1.1 M USD
|
JONES GRAHAM O
Director |
- 100200
|
11.02 USD |
|
4 years ago
Feb 06, 2020
|
Bought 225 K USD
|
MAIO PETER V
Director |
+ 20000
|
11.25 USD |
|
5 years ago
Sep 13, 2019
|
Sell 96 K USD
|
LIPKIN GERALD H
Director |
- 8560
|
11.22 USD |
|
5 years ago
Sep 13, 2019
|
Sell 80.2 K USD
|
LIPKIN GERALD H
Director |
- 7140
|
11.23 USD |
|
5 years ago
Sep 13, 2019
|
Sell 3.37 K USD
|
LIPKIN GERALD H
Director |
- 300
|
11.235 USD |
|
5 years ago
Mar 14, 2019
|
Sell 31.6 K USD
|
KORDE GERALD
Director |
- 3100
|
10.19 USD |
|
5 years ago
Dec 14, 2018
|
Sell 28.9 K USD
|
LARUSSO MICHAEL L
Director |
- 3100
|
9.32 USD |
|
6 years ago
Nov 13, 2018
|
Sell 30.1 K USD
|
KORDE GERALD
Director |
- 3000
|
10.03 USD |
|
6 years ago
Jul 31, 2018
|
Bought 116 K USD
|
Janis Ronald H.
Senior EVP & General Counsel |
+ 10000
|
11.64 USD |
|
6 years ago
Jun 08, 2018
|
Sell 16.3 K USD
|
KORDE GERALD
Director |
- 1226
|
13.27 USD |
|
6 years ago
Jun 08, 2018
|
Sell 50.1 K USD
|
KORDE GERALD
Director |
- 3774
|
13.27 USD |
|
6 years ago
Jun 06, 2018
|
Sell 1 M USD
|
JONES GRAHAM O
Director |
- 76000
|
13.2066 USD |
|
6 years ago
May 25, 2018
|
Sell 1.31 M USD
|
LIPKIN GERALD H
Director |
- 102000
|
12.81 USD |
|
6 years ago
May 25, 2018
|
Sell 1.15 M USD
|
LIPKIN GERALD H
Director |
- 90065
|
12.81 USD |
|
6 years ago
May 25, 2018
|
Sell 872 K USD
|
LIPKIN GERALD H
Director |
- 68000
|
12.82 USD |
|
6 years ago
May 08, 2018
|
Sell 236 K USD
|
GUILFOILE MARY
Director |
- 18516
|
12.75 USD |
|
6 years ago
May 09, 2018
|
Sell 432 K USD
|
Steans Jennifer W
Director |
- 33842
|
12.76 USD |
|
6 years ago
May 09, 2018
|
Sell 1.81 M USD
|
Steans Jennifer W
Director |
- 141458
|
12.76 USD |
|
6 years ago
Feb 05, 2018
|
Bought 24.9 K USD
|
LENNER MARC J
Director |
+ 2040
|
12.228 USD |
7. News
Valley National upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Valley National to Overweight from Neutral with a price target of $11, up from $10.50, post the Q3 report. The firm walked away more encouraged by the progress Valley National has made on reducing its commercial real estate concentration as well as a path to continue building capital with its CET1 ratio increasing from 9.55% to 9.73% in Q3. The shares trading on an 2025 implied cost of equity now in the 9% range presents an opportunity to upgrade to name, the analyst tells investors in a research note.
https://thefly.com
- 5 days ago
Valley National Bancorp Announces Pricing of Common Stock Offering
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,748 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $9.35 per share, for aggregate gross proceeds of $400 million.
globenewswire.com
- 1 week ago
Valley National Bancorp Announces Proposed Common Stock Offering
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced a proposed public offering of shares of its common stock, no par value (the “Common Stock”).
globenewswire.com
- 1 week ago
Valley National's Positive CRE Developments Are Priced In (Downgrade)
Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank's de-risking plan is ahead of schedule, with an $800 million CRE loan sale reducing exposure and mitigating downside risk. Deposit performance is resilient, with a $300 million sequential increase and lower customer deposit costs expected to benefit Q4 margins.
seekingalpha.com
- 3 weeks ago
Valley National Shares Jump 5.3% as Q3 Earnings Meet Estimates
An increase in non-interest income supports VLY's Q3 earnings, while a marginal decline in NII and loans, and a surge in provisions hurt.
zacks.com
- 3 weeks ago
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
seekingalpha.com
- 3 weeks ago
Valley National (VLY) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Valley National (VLY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 3 weeks ago
Valley National (VLY) Q3 Earnings Meet Estimates
Valley National (VLY) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
zacks.com
- 3 weeks ago
Valley National Bancorp Announces Third Quarter 2024 Results
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2024 of $97.9 million, or $0.18 per diluted common share, as compared to the second quarter 2024 net income of $70.4 million, or $0.13 per diluted common share, and net income of $141.3 million, or $0.27 per diluted common share, for the third quarter 2023. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $96.8 million, or $0.18 per diluted common share, for the third quarter 2024, $71.6 million, or $0.13 per diluted common share, for the second quarter 2024, and $136.4 million, or $0.26 per diluted common share, for the third quarter 2023. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.
globenewswire.com
- 3 weeks ago
Gear Up for Valley National (VLY) Q3 Earnings: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Valley National (VLY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
zacks.com
- 3 weeks ago
Analysts Estimate Valley National (VLY) to Report a Decline in Earnings: What to Look Out for
Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Valley National Bank Elevates Leadership to Expand South Florida Market Presence
MIAMI--(BUSINESS WIRE)--Valley National Bank is expanding its leadership team to strengthen its presence in the East Florida region.
businesswire.com
- 1 month ago
8. Profile Summary
Valley National Bancorp VLY
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 5.63 B
Dividend Yield
2.65%
Description
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts, commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, foreign wire transfers services, and transaction accounts for non-resident aliens. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for various retirement plans. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; and overdraft, drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. As of December 31,2021, it operated 232 branch offices in New Jersey, New York, Florida, and Alabama. The company was incorporated in 1927 and is headquartered in New York, New York.
Contact
One Penn Plaza, New York, NY, 10119
https://www.valley.com
IPO Date
March 23, 1990
Employees
3749
Officers
Mr. Mitchell L. Crandell
Executive Vice President & Chief Accounting Officer
Ms. Melissa F. Scofield
Executive Vice President & Chief Risk Officer
Mr. Marc Piro
Senior Vice President, Head of Content, Creative & Public Relations
Mr. Thomas A. Iadanza
President & Chief Banking Officer
Ms. Yvonne M. Surowiec
Senior EVice President & Chief People Officer
Mr. Russell Barrett
Senior EVice President & Chief Operating Officer
Mr. Joseph V. Chillura
Senior Executive Vice President of Commercial Banking
Mr. Ira D. Robbins
Chairman & Chief Executive Officer
Mr. Michael D. Hagedorn
Senior EVice President & Chief Financial Officer
Mr. Travis P. Lan
Head of Investor Relations