Last $10.00 USD
Change Today 0.00 / 0.00%
Volume 1.6M
VLY On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

valley national bancorp (VLY) Snapshot

Open
$9.99
Previous Close
$10.00
Day High
$10.03
Day Low
$9.95
52 Week High
04/23/14 - $10.81
52 Week Low
02/3/14 - $9.28
Market Cap
2.0B
Average Volume 10 Days
1.2M
EPS TTM
$0.62
Shares Outstanding
200.6M
EX-Date
09/11/14
P/E TM
16.1x
Dividend
$0.44
Dividend Yield
4.93%
Current Stock Chart for VALLEY NATIONAL BANCORP (VLY)

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valley national bancorp (VLY) Details

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and trust and investment services. The company operates through four segments: Commercial Lending, Consumer Lending, Investment Management, and Corporate and Other Adjustments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products portfolio comprises construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also provides trust services to individuals; and asset management advisory services. 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, and general aviation aircraft loans and existing commercial equipment leases. Additionally, the company offers other banking services, such as automated teller machines, telephone and Internet banking, remote deposit capture, overdraft facilities, drive-in and night deposit services, and safe deposit services. It operates 204 branches in 144 communities serving 16 counties in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, New York. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

2,908 Employees
Last Reported Date: 03/3/14
Founded in 1927

valley national bancorp (VLY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.1M
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $545.8K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $545.8K
Chief Commercial Lending Officer, Executive V...
Total Annual Compensation: $465.0K
Chief Retail Lending Officer, Executive Vice ...
Total Annual Compensation: $440.0K
Compensation as of Fiscal Year 2013.

valley national bancorp (VLY) Key Developments

Valley National Bancorp Announces Cash Dividend, Payable on October 1, 2014

Valley National Bancorp announced that a common stock cash dividend of $0.11 per share will be paid October 1, 2014 to shareholders of record on September 15, 2014.

Valley National Bank Promotes Sherry Ambrosini to Senior Vice President and Chief Credit Officer of its Credit Risk Management Department

Valley National Bank promoted Sherry Ambrosini to first senior vice president and chief credit officer of its credit risk management department. The bank named Ambrosini as senior vice president and senior credit officer in February.

Valley National Bancorp Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Valley National Bancorp announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $117,419,000 compared with $109,887,000 for the same period a year ago. Net income was $29,520,000 or $0.15 per basic and diluted share compared with $33,922,000 or $0.17 per basic and diluted share for the same period a year ago. Annualized return on average shareholders' equity was 7.54% compared with 8.96% for the same period a year ago. Annualized return on average tangible shareholders' equity was 10.68% compared with 12.93% for the same period a year ago. The growth in net interest income is largely attributable to loan expansion coupled with increased accretion on purchased, credit-impaired loans. For the six months, the company reported net interest income of $231,443,000 compared with $219,923,000 for the same period a year ago. Net income was $63,355,000 or $0.32 per basic and diluted share compared with $65,232,000 or $0.33 per basic and diluted share for the same period a year ago. Tangible book value was $5.55 compared with $5.29 for the same period a year ago. Annualized return on average shareholders' equity was 8.14% compared with 8.64% for the same period a year ago. Annualized return on average tangible shareholders' equity was 11.59% compared with 12.45% for the same period a year ago.

 

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Industry Analysis

VLY

Industry Average

Valuation VLY Industry Range
Price/Earnings 15.4x
Price/Sales 3.7x
Price/Book 1.3x
Price/Cash Flow 15.4x
TEV/Sales NM Not Meaningful
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