Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as time deposits. The company also offers 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. In addition, it invests in securities and interest-bearing deposits with other banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, foreign exchange transactions, documentary collections, and foreign wire transfers services, as well as transaction accounts for non-resident aliens. Further, the company provides investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for retirement plans. Additionally, it offers trust services, which comprise living and testamentary trusts, investment management, custodial and escrow services, and estate administration primarily to individuals; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as holds real estate related investments. Further, the company offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. It operates 226 retail banking centers located in New Jersey, New York, Florida, and Alabama. The company was founded in 1927 and is headquartered in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: valley.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $10.50 → $11.00 | Neutral → Overweight | JP Morgan |
| 10/31/2024 | $9.00 → $10.00 | Underweight → Equal Weight | Barclays |
| 8/5/2024 | $8.00 → $9.50 | Underweight → Equal-Weight | Morgan Stanley |
| 5/31/2024 | $8.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/8/2024 | $8.00 | Underweight | Barclays |
| 12/1/2023 | $9.50 | Neutral | Citigroup |
| 10/30/2023 | $11.00 → $10.00 | Overweight → Neutral | JP Morgan |
| 9/27/2023 | $8.00 → $8.50 | Equal-Weight → Underweight | Morgan Stanley |
| 9/5/2023 | $11.50 | Market Perform → Outperform | Hovde Group |
| 8/1/2023 | $11.00 | Outperform → Market Perform | Hovde Group |
NEW YORK, Nov. 18, 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 December 13, 2024 are as follows: A cash dividend of $0.390625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.533568 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;A cash dividend of $0.515625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
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's CEO, Ira Robbins will host a conference call on Thursday, October 24, 2024 at 11:00 AM (ET) to discuss Valley's third quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIe14e73c95b4346a8a409b87f700a6b50 to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server
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: A cash dividend of $0.390625 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.598871 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;A cash dividend of $0.320833 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2024 earnings before the market opens on Thursday, July 25, 2024. Valley's CEO, Ira Robbins will host a conference call on Thursday, July 25, 2024 at 11:00 AM (ET) to discuss Valley's second quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BI59081f7b3bcb41b4807103c46e3308bb to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.com/
NEW YORK, May 30, 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 June 13, 2024 are as follows: A cash dividend of $0.390625 per share to be paid July 1, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A; A cash dividend of $0.577693 per share to be paid June 28, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B; and A cash dividend of $0.11 per share will be paid July 2, 2024 on Valley's common stock. The common stock cash dividend amount per sh
NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2024 earnings before the market opens on Thursday, April 25, 2024. Valley's CEO, Ira Robbins will host a conference call on Thursday, April 25th at 11:00 AM (ET) to discuss Valley's first quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIb09d0ea6593c48dcad8ecd137227d395 to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.com/mmc
NEW YORK, Feb. 21, 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 March 14, 2024 are as follows: A cash dividend of $0.390625 per share to be paid April 1, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.574234 per share to be paid March 29, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B; andA cash dividend of $0.11 per share will be paid April 2, 2024 on Valley's common stock. The common stock cash dividend amount per share wa
NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2023 earnings before the market opens on Thursday, January 25, 2024. Valley's CEO, Ira Robbins will host a conference call on Thursday, January 25th at 11:00 AM (ET) to discuss Valley's fourth quarter 2023 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BI59917997f3234eb9aaa8c602edb76061 to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.co
NEW YORK, Dec. 06, 2023 (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 December 14, 2023 are as follows: A cash dividend of $0.390625 per share to be paid January 2, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.576856 per share to be paid December 29, 2023 on Valley's Non-Cumulative Perpetual Preferred Stock Series B; andA cash dividend of $0.11 per share will be paid January 3, 2024 on Valley's common stock. The common stock cash dividend amo
NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2023 earnings before the market opens on Thursday, October 26, 2023. Valley's CEO, Ira Robbins will host a conference call on Thursday, October 26th at 11:00 AM (ET) to discuss Valley's third quarter 2023 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIf40a76467d444a718b4ce724551b6615 to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.
NEW YORK, Nov. 18, 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 December 13, 2024 are as follows: A cash dividend of $0.390625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.533568 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;A cash dividend of $0.515625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
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. In addition, Valley has granted the underwriter a 30-day option to purchase up to an additional 6,417,112 shares of its Common Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 12, 2024, subject to the satisfaction of customary closing conditions. Valley intend
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"). In addition, Valley expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions. Valley expects to use the net proceeds from this offering for general corporate purposes and investments in Valley National Bank as regulatory capital. J.P. Morgan is acting as sole book-running
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $150 million five-year Senior Secured Term Loan Facility to Green Thumb Industries Inc. ("Green Thumb or the "Company") (CSE:GTII) (OTCQX:GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries. The Company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt due April 30, 2025. Valley is the Sole Lead Arranger, Sole Bookrunner, and Administrative Agent for the deal in conjunction with a tailored syndicate of bank market investors. The transaction was arranged, structured, undertaken,
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's CEO, Ira Robbins will host a conference call on Thursday, October 24, 2024 at 11:00 AM (ET) to discuss Valley's third quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIe14e73c95b4346a8a409b87f700a6b50 to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server
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: A cash dividend of $0.390625 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.598871 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;A cash dividend of $0.320833 per share to be paid September 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
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 there
KBRA assigns a preferred stock rating of BBB-, as well as affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Morristown, New Jersey based Valley National Bancorp (NASDAQ:VLY) ("the company"). Additionally, KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for lead subsidiary, Valley National Bank. The Outlook for all long-term ratings is Stable. Key Credit Considerations The ratings are supported by VLY's long term track record with regard to credit quality performance. While KBRA recognizes certain risks wit
NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2024 earnings before the market opens on Thursday, July 25, 2024. Valley's CEO, Ira Robbins will host a conference call on Thursday, July 25, 2024 at 11:00 AM (ET) to discuss Valley's second quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BI59081f7b3bcb41b4807103c46e3308bb to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.com/
NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today announced that it has appointed John P. Regan as Senior Executive Vice President—Chief Risk Officer effective June 24, 2024. Mr. Regan will succeed Raja A. Dakkuri, who is leaving Valley to pursue another professional opportunity outside the banking industry. Mr. Dakkuri will remain in the position until Mr. Regan joins to ensure an orderly transition. Mr. Regan will report directly to Ira Robbins, Chief Executive Officer and Chairman of Valley. In his role, Mr. Regan will oversee all aspects of Valley's enterprise risk management program. Mr. Regan is a
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Valley Ntl (NASDAQ:VLY) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.19 by 31.58 percent. The company reported quarterly sales of $452.898 million which missed the analyst consensus estimate of $459.866 million by 1.52 percent. This is a 5.61 percent decrease over sales of $479.840 million the same period last year.
RBC Capital analyst Steven Duong maintains Valley Ntl (NASDAQ:VLY) with a Outperform and lowers the price target from $9 to $8.
JP Morgan analyst Steven Alexopoulos maintains Valley Ntl (NASDAQ:VLY) with a Neutral and lowers the price target from $8.5 to $8.
Valley Ntl (NASDAQ:VLY) has been analyzed by 7 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 5 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 1 0 0 2M Ago 0 0 3 0 0 3M Ago 0 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $8.29, a high estimate of $10.00, and a low estimate of $7.00. A 17.1% drop is evident in the current ave
Barclays analyst Jared Shaw maintains Valley Ntl (NASDAQ:VLY) with a Underweight and lowers the price target from $8 to $7.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc slashed the price target for Asana, Inc. (NYSE:ASAN) from $14 to $13. Keybanc analyst Jason Ader maintained an Underweight rating. Asana shares fell 4.9% to close at $13.13 on Thursday. See how other analysts view this stock. Needham cut the price target for MongoDB, Inc. (NASDAQ:MDB) from $465 to $290. Needham analyst Mike Cikos maintained a Buy rating. MongoDB shares dipped 7.2% to close at $310.00 on Thursday. See how other analysts view this stock. B of A Securities lowered Veeva Sys
Keefe, Bruyette & Woods analyst Michael Perito downgrades Valley Ntl (NASDAQ:VLY) from Outperform to Market Perform and lowers the price target from $12 to $8.
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. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Valley National Bancorp (NASDAQ:VLY) Dividend Yield: 5.99% Wedbush analyst David Chiaverini reiterated a Neutral rating with a pri
During the last three months, 7 analysts shared their evaluations of Valley Ntl (NASDAQ:VLY), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 5 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $8.5, a high estimate of $10.00, and a low estimate of $8.00. A 19.81% drop is evident in the current average compared to
NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today announced that it has appointed John P. Regan as Senior Executive Vice President—Chief Risk Officer effective June 24, 2024. Mr. Regan will succeed Raja A. Dakkuri, who is leaving Valley to pursue another professional opportunity outside the banking industry. Mr. Dakkuri will remain in the position until Mr. Regan joins to ensure an orderly transition. Mr. Regan will report directly to Ira Robbins, Chief Executive Officer and Chairman of Valley. In his role, Mr. Regan will oversee all aspects of Valley's enterprise risk management program. Mr. Regan is a
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the appointment of Sanjay Sidhwani as its first Chief Data and Analytics Officer. In this role, Sidhwani will oversee the bank's data strategy and data management capabilities including enterprise data architecture, data platforms and services, data governance, data risk and data literacy. He will also be responsible for building out the bank's advanced analytics capabilities to drive strategic objectives. "Sanjay has extensive experience and expertise in driving digital transformation and delivering measurable business results through advanced analytics," said Russ Barrett, Valley's Execu
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JP Morgan upgraded Valley National from Neutral to Overweight and set a new price target of $11.00 from $10.50 previously
Barclays upgraded Valley National from Underweight to Equal Weight and set a new price target of $10.00 from $9.00 previously
Morgan Stanley upgraded Valley National from Underweight to Equal-Weight and set a new price target of $9.50 from $8.00 previously
Keefe Bruyette downgraded Valley National from Outperform to Mkt Perform and set a new price target of $8.00
Barclays initiated coverage of Valley National with a rating of Underweight and set a new price target of $8.00
Citigroup initiated coverage of Valley National with a rating of Neutral and set a new price target of $9.50
JP Morgan downgraded Valley National from Overweight to Neutral and set a new price target of $10.00 from $11.00 previously
Morgan Stanley downgraded Valley National from Equal-Weight to Underweight and set a new price target of $8.50 from $8.00 previously
Hovde Group upgraded Valley National from Market Perform to Outperform and set a new price target of $11.50
Hovde Group downgraded Valley National from Outperform to Market Perform and set a new price target of $11.00