Valley National Bancorp (NASDAQ:VLY – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18, Briefing.com reports. The firm had revenue of $921.22 million for the quarter, compared to analyst estimates of $467.87 million. Valley National Bancorp had a net margin of 10.79% and a return on equity of 6.53%. During the same period last year, the firm posted $0.26 EPS.
Valley National Bancorp Price Performance
Valley National Bancorp stock opened at $9.27 on Friday. The firm’s 50-day moving average is $8.77 and its two-hundred day moving average is $7.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $4.72 billion, a P/E ratio of 10.91 and a beta of 1.08. Valley National Bancorp has a 12-month low of $6.47 and a 12-month high of $11.22.
Valley National Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.44 dividend on an annualized basis and a yield of 4.75%. Valley National Bancorp’s dividend payout ratio (DPR) is 51.76%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on VLY
About Valley National Bancorp
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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