Valley National Bancorp (NASDAQ:VLY – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18, Briefing.com reports. Valley National Bancorp had a return on equity of 6.53% and a net margin of 10.79%. During the same period last year, the firm earned $0.26 EPS.
Valley National Bancorp Stock Up 5.3 %
Shares of VLY opened at $9.60 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.89 billion, a P/E ratio of 13.52 and a beta of 1.08. The company’s 50-day moving average price is $8.76 and its 200 day moving average price is $7.88. Valley National Bancorp has a 12-month low of $6.47 and a 12-month high of $11.22.
Valley National Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, September 13th. Valley National Bancorp’s payout ratio is 61.97%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on VLY
Valley National Bancorp Company Profile
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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