valley national bancorp
(VLY:New York Consolidated)
valley national bancorp (VLY) Snapshot
|
Open
$9.17
|
Previous Close
$9.20
|
|
|
Day High
$9.30
|
Day Low
$9.13
|
|
|
52 Week High
05/25/12 - $11.48
|
52 Week Low
11/15/12 - $8.65
|
|
|
Market Cap
1.8B
|
Average Volume 10 Days
1.1M
|
|
|
EPS TTM
$0.71
|
Shares Outstanding
199.2M
|
|
|
EX-Date
06/12/13
|
P/E TM
13.0x
|
|
|
Dividend
$0.65
|
Dividend Yield
7.01%
|
Related News
valley national bancorp (VLY) Related Businessweek News
No Related Businessweek News Foundvalley national bancorp (VLY) Details
Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and wealth management financial services. The company operates through four segments: Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. Its deposit products include savings, NOW, money market, and non-interest-bearing accounts, as well as certificates of deposit. The company’s loan products portfolio comprises commercial loans, including floating and adjustable rate commercial and industrial loans, and fixed rate owner occupied and commercial real estate loans; and consumer loans comprising residential mortgages, as well as automobile loans, home equity loans and lines of credit, loans secured by the cash surrender value of life insurance, and credit card loans. It also provides trust services to individuals; asset management advisory services, including investment services for individuals and small to medium sized businesses; and custom tailored investment strategies for retirement plans. In addition, the company invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, and documentary letters of credit and related products. Further, it provides property and casualty, life, health, and title insurance; asset-based lending support services; and health care equipment and other commercial equipment leases, as well as owns and services real estate related investments, general aviation aircraft loans and existing commercial equipment leases, and New York commercial loans. Additionally, the company offers other banking services, such as automated teller machines, telephone and Internet banking, and safe deposit facilities. It operates 210 branches in 146 communities in New Jersey and New York. The company was founded in 1927 and is headquartered in Wayne, New Jersey.
valley national bancorp (VLY) Top Compensated Officers
valley national bancorp (VLY) Key Developments
Valley National Bancorp announced that a common stock cash dividend of $0.1625 per share will be payable on July 1, 2013 to shareholders of record on June 14, 2013. The dividend amount per share was unchanged as compared to the previous quarterly cash dividend.
Valley National Bancorp reported consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported net interest income was $110,036,000 against $127,459,000 a year ago. Total interest income was $153,033,000 against $174,136,000 a year ago. Income before income taxes was $44,124,000 against $49,809,000 a year ago. Net income was $31,310,000 against $34,531,000 a year ago. Diluted per share was $0.16 against $0.18 a year ago. Annualized return on average assets was 0.79% against 0.88% a year ago. Annualized return on average shareholders' equity was 8.31% against 9.34% a year ago. Book value per share was 7.58% against 7.58% a year ago.
Valley National Bancorp announced the promotion of John Meyer to commercial loan officer-assistant vice president of Valley's commercial lending team located in Livingston. Meyer joined Valley in 2009 and previously served as a residential mortgage marketing representative and credit underwriter before joining the lending team in 2011.
| Recently Viewed | |||
| VLY:US | $9.27 USD | +0.07 |  |
| Company | Last | Change |
| BancorpSouth Inc | $17.34 USD | -0.07 |
| CapitalSource Inc | $9.29 USD | -0.03 |
| FNB Corp/PA | $11.76 USD | +0.14 |
| Trustmark Corp | $26.29 USD | +0.18 |
| Washington Federal Inc | $17.41 USD | -0.02 |
| View Industry Companies | ||
Industry Analysis
VLY
Industry Average
| Valuation | VLY | Industry Range |
| Price/Earnings | 13.0x |
|
| Price/Sales | 3.2x |
|
| Price/Book | 1.2x |
|
| Price/Cash Flow | 13.1x |
|
| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Orlando, FL | Consult SoftPosted: May 22
- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
- San Francisco, CA | YelpPosted: May 02
Sponsored Financial Commentaries
Sponsored Links
To contact VALLEY NATIONAL BANCORP, please visit www.valleynationalbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
