Valley National Bancorp (NASDAQ:VLY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18, Briefing.com reports. Valley National Bancorp had a net margin of 10.79% and a return on equity of 6.53%. The business had revenue of $921.22 million for the quarter, compared to analyst estimates of $467.87 million. During the same period in the prior year, the firm posted $0.26 EPS.
Valley National Bancorp Stock Down 3.4 %
NASDAQ VLY opened at $9.27 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of 10.91 and a beta of 1.08. The business has a 50 day moving average price of $8.77 and a two-hundred day moving average price of $7.89. Valley National Bancorp has a fifty-two week low of $6.47 and a fifty-two week high of $11.22. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.51.
Valley National Bancorp Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Friday, September 13th. Valley National Bancorp’s dividend payout ratio (DPR) is presently 51.76%.
Wall Street Analyst Weigh In
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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