Valley National Bancorp (NASDAQ:VLY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18, Briefing.com reports. Valley National Bancorp had a net margin of 10.79% and a return on equity of 6.53%. The company had revenue of $921.22 million during the quarter, compared to the consensus estimate of $467.87 million. During the same quarter last year, the firm posted $0.26 EPS.
Valley National Bancorp Trading Down 3.4 %
Shares of VLY opened at $9.27 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $4.72 billion, a P/E ratio of 10.91 and a beta of 1.08. The company has a 50 day simple moving average of $8.77 and a two-hundred day simple moving average of $7.89. Valley National Bancorp has a 1 year low of $6.47 and a 1 year high of $11.22.
Valley National Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.75%. Valley National Bancorp’s dividend payout ratio (DPR) is presently 51.76%.
Analyst Ratings Changes
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About Valley National Bancorp
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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