Valley National Bancorp (VLY) Given News Sentiment Rating of 0.24

Media coverage about Valley National Bancorp (NYSE:VLY) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valley National Bancorp earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.4705368801448 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s rankings:

Shares of Valley National Bancorp (VLY) opened at 12.40 on Wednesday. The company has a 50 day moving average of $11.78 and a 200 day moving average of $11.86. Valley National Bancorp has a 52-week low of $8.90 and a 52-week high of $12.82. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 18.79 and a beta of 0.90.

Valley National Bancorp (NYSE:VLY) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $189.80 million for the quarter, compared to analyst estimates of $187.34 million. Valley National Bancorp had a return on equity of 8.08% and a net margin of 20.07%. Valley National Bancorp’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Analysts predict that Valley National Bancorp will post $0.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Tuesday, June 13th. Valley National Bancorp’s payout ratio is currently 65.67%.

Several brokerages have commented on VLY. Zacks Investment Research lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BidaskClub lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stephens began coverage on shares of Valley National Bancorp in a research report on Wednesday, April 5th. They set an “equal weight” rating on the stock. Morgan Stanley restated an “equal weight” rating and set a $11.50 target price (up from $11.00) on shares of Valley National Bancorp in a research report on Friday, July 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $13.00 target price on shares of Valley National Bancorp in a research report on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.80.

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About Valley National Bancorp

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.

Insider Buying and Selling by Quarter for Valley National Bancorp (NYSE:VLY)

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