Valley National Bancorp
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- Market Cap.:
- $4.60 billion
- Book Value:
- Revenue TTM:
- $1.95 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.79 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Valley National Bancorp had its IPO on 1990-03-23 under the ticker symbol VLY.
The company operates in the Financial Services sector and Banks-Regional industry. Valley National Bancorp has a staff strength of 3,826 employees.
Shares of Valley National Bancorp opened at $9.09 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $8.93 - $9.17, and closed at $9.12.
This is a +0.66% increase from the previous day's closing price.
A total volume of 2,950,897 shares were traded at the close of the day’s session.
In the last one week, shares of Valley National Bancorp have slipped by -3.39%.
Valley National Bancorp's Key Ratios
Valley National Bancorp has a market cap of $4.60 billion, indicating a price to book ratio of 0.9394 and a price to sales ratio of 3.4936.
In the last 12-months Valley National Bancorp’s revenue was $1.95 billion with a gross profit of $1.79 billion and an EBITDA of $0. The EBITDA ratio measures Valley National Bancorp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Valley National Bancorp’s operating margin was 46.4% while its return on assets stood at 1.1% with a return of equity of 10.04%.
In Q2, Valley National Bancorp’s quarterly earnings growth was a positive 47.8% while revenue growth was a positive 9.1%.
Valley National Bancorp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.24 per share while it has a forward price to earnings multiple of 7.2098 and a PEG multiple of 3.32. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Valley National Bancorp’s profitability.
Valley National Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.4936.
Valley National Bancorp stock pays annual dividends of $0.44 per share, indicating a yield of 4.82% and a payout ratio of 34.38%.
Balance sheet and cash flow metrics
- Total Assets
- $61.70 billion
- Total Liabilities
- $1.09 billion
- Operating Cash Flow
- Capital Expenditure
- $31.21 million
- Dividend Payout Ratio
Valley National Bancorp ended 2023 with $61.70 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $61.70 billion while shareholder equity stood at $6.58 billion.
Valley National Bancorp ended 2023 with $0 in deferred long-term liabilities, $1.09 billion in other current liabilities, 178187000.00 in common stock, $1.38 billion in retained earnings and $1.87 billion in goodwill. Its cash balance stood at $1.95 billion and cash and short-term investments were $3.19 billion. The company’s total short-term debt was $1,088,899,000 while long-term debt stood at $2.50 billion.
Valley National Bancorp’s total current assets stands at $3.42 billion while long-term investments were $5.07 billion and short-term investments were $1.24 billion. Its net receivables were $225.92 million compared to accounts payable of $1.50 billion and inventory worth $0.
In 2023, Valley National Bancorp's operating cash flow was $-1195820000.00 while its capital expenditure stood at $31.21 million.
Comparatively, Valley National Bancorp paid $0.34 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Valley National Bancorp stock is currently trading at $9.12 per share. It touched a 52-week high of $12.6416 and a 52-week low of $12.6416. Analysts tracking the stock have a 12-month average target price of $11.
Its 50-day moving average was $9.18 and 200-day moving average was $9.57 The short ratio stood at 6.41 indicating a short percent outstanding of 0%.
Around 142.1% of the company’s stock are held by insiders while 7595.5% are held by institutions.
Frequently Asked Questions About Valley National Bancorp
Similar Industry Stocks (Banks-Regional)
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for various retirement plans. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; and overdraft, drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. The company was founded in 1927 and is headquartered in New York, New York.