Valley National Bancorp
VLY
Market cap $4.51B

8.86 USD

-0.08

0.89%

At close Oct 10, 4:00 PM EDT

Pre-market

8.95

+0.09

1.02%

1 day

-0.89%

5 days

-1.01%

1 month

8.71%

3 months

26.75%

6 months

21.04%

Year to date

-17.89%

1 year

5.48%

5 years

-18.27%

Financials National Commercial Banks

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 117

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2% less funds holding

Funds holding: 357 [Q1] → 349 (-8) [Q2]

9% less capital invested

Capital invested by funds: $2.6B [Q1] → $2.36B (-$241M) [Q2]

13% less call options, than puts

Call options by funds: $36.4M | Put options by funds: $42M

15% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 55

61.89% less ownership

Funds ownership: 128.16% [Q1] → 66.27% (-61.89%) [Q2]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$8.50

4%

downside

Avg. target

$9.50

7%

upside

High target

$10

13%

upside

6 analyst ratings

1 positive

17%

5 neutral

83%

0 negative

0%

JP Morgan Steven Alexopoulos 66% 1-year accuracy 31 / 47 met price target	13%upside $10	Neutral Maintained	9 Oct 2024
Morgan Stanley Manan Gosalia 71% 1-year accuracy 15 / 21 met price target	13%upside $10	Equal-Weight Maintained	30 Sept 2024
Wedbush David Chiaverini 59% 1-year accuracy 33 / 56 met price target	13%upside $10	Neutral Maintained	24 Sept 2024
Morgan Stanley Manan Gosalia 71% 1-year accuracy 15 / 21 met price target	7%upside $9.50	Equal-Weight Upgraded	5 Aug 2024
RBC Capital Jon Arfstrom 74% 1-year accuracy 28 / 38 met price target	2%upside $9	Outperform Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

Preferreds Weekly Review: Recent Issues Often Offer Highest Yields

We take a look at the action in preferreds and baby bonds through the fourth week of July and highlight some of the key themes we are watching. Preferred stocks and baby bonds saw positive price movement, with most sub-sectors finishing in the green on the week with credit spreads remaining tight. New issues often offer stronger yields than existing shares; investors should monitor new securities for better yield opportunities.

Preferreds Weekly Review: Recent Issues Often Offer Highest Yields

Valley National Bancorp to Announce Third Quarter 2024 Earnings

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY ), the holding company for Valley National Bank, announced that it will release its third quarter 2024 earnings before the market opens on Thursday, October 24, 2024.

Valley National Bancorp to Announce Third Quarter 2024 Earnings

New Preferred Stock And Exchange Traded Debt IPOs, August 2024

Angel Oak Mortgage REIT, Valley National Bancorp, and Chimera Investment Corporation have introduced new fixed-income offerings with attractive yields and potential early redemption options. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC exchange, potentially avoiding capital losses if prices drop. CDx3 Notification Service tracks preferred stock and ETD offerings, alerting investors when securities fall below par value, providing opportunities for discounted investments.

New Preferred Stock And Exchange Traded Debt IPOs, August 2024

Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on September 13, 2024 are as follows:

Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends

Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering

NEW YORK, July 29, 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 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), for gross proceeds of $150 million. Each share of the Preferred Stock will be issued at a public offering price of $25 per share and has a liquidation preference of $25 per share. Dividends on the Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 8.250% from the date of original issue to, but excluding September 30, 2029, and thereafter at a rate per annum equal to the five-year U.S. treasury rate (as defined in the preliminary prospectus supplement relating to the offering) as of the most recent dividend payment date (as defined in the preliminary prospectus supplement) plus 4.182%.

Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering

Zacks Investment Research

Valley National (VLY) Stock Up 3.1% Despite Q2 Earnings Miss

A jump in provisions and lower revenues hurt Valley National's (VLY) Q2 earnings, while higher loan and deposit balances and a fall in expenses offer some support.

Valley National (VLY) Stock Up 3.1% Despite Q2 Earnings Miss

Wall Street's Most Accurate Analysts Weigh In On 3 Financials Stocks With Over 5% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Financials Stocks With Over 5% Dividend Yields

Valley National Bancorp (VLY) Q2 2024 Earnings Call Transcript

Valley National Bancorp (NASDAQ:VLY ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Travis Lan - IR Ira Robbins - CEO Tom Iadanza - President Mike Hagedorn - CFO Mark Saeger - Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Steven Alexopoulos - JPMorgan Matthew Breese - Stephens Manan Gosalia - Morgan Stanley Steve McGrady - KBW Stephen Moss - Raymond Jane Jon Arfstrom - RBC Capital Markets Jared Shaw - Barclays Operator Good day, and thank you for standing by. Welcome to the Second Quarter 2024 Valley National Bancorp Earnings Conference Call.

Valley National Bancorp (VLY) Q2 2024 Earnings Call Transcript

Valley National: After A Mixed Q2, Shares Appear Overly Punished

Valley National Bancorp shares fell 5% after Q2 earnings, but the market may be overreacting to concerns about its commercial real estate portfolio. Valley's loan growth is focused on business lending to diversify away from commercial real estate, with a declining exposure to NYC. Despite concerns about credit degradation, Valley's credit performance remains fairly typical, with modest deterioration and strong deposit performance.

Valley National: After A Mixed Q2, Shares Appear Overly Punished

Zacks Investment Research

Valley National (VLY) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Valley National (VLY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Valley National (VLY) Reports Q2 Earnings: What Key Metrics Have to Say

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