Valley National Bancorp Common (NYSE:VLY):
Valley National Bancorp Releases 2016 Annual Dodd-Frank Act Stress Test Disclosure.
The company is so far trading down by -0.66 percent from yesterday’s close.
The company also recently declared a dividend that was paid on Monday October 3rd, 2016. The dividend payment was $0.110 per share for the quarter which comes to $0.44 on an annualized basis. This dividend amount represented a yeild of $4.50. The ex-dividend date was Tuesday the 13th of September 2016.
Shares of the company are trading at $9.85 just above $9.61, the 50 day moving average and which is just a bit higher than the 200 day moving average of $9.39. The 50 day moving average went up by +2.50% and the 200 day average was up $0.46.
The P/E ratio is 21.46 and market cap is 2.51B. In the latest earnings report the EPS was $0.44 and is expected to be $0.62 for the current year with 254,461,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.16 and the next full year EPS is projected to be $0.69.
A few Wall Street investment firms have weighed in on the company recently. On February 3 the company was changed to a “Overweight” in a report from Piper Jaffray which was a boost from the previous “Neutral” rating. On January 29 the company was upgraded to “Buy” from “Hold” by analysts at Sandler O’Neill.
On July 13, 2015 the stock rating was rated “Sell” by Guggenheim Securities down from the previous “Neutral” rating. On July 1 the company was set at “Neutral” according to a JP Morgan report which is up from the previous “Underweight” rating.
On May 28 the stock rating was upgraded from “Neutral” to “Buy” and a price target of $11.00 was set in an announcement from American Capital Partners. On November 4 the stock rating was downgraded to “Neutral” from “Buy” with a current price target of $10.50 in a statement from Guggenheim Securities.