Valley National Bancorp Announces Pricing of Common Stock Offering
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
valleynationalbank.com
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,748 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $9.35 per share, for aggregate gross proceeds of $400 million. In addition, Valley has granted the underwriter a 30-day option to purchase up to an additional 6,417,112 shares of its Common Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 12, 2024, subject to the satisfaction of customary closing conditions. Valley intends to use the net proceeds from this offering for general corporate purposes and for investments in Valley National Bank as regulatory capital. J.P. Morgan is acting as sole book-running manager for the offering. Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Valley. The Common Sto
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VLY
News
- Valley National Bancorp (NASDAQ: VLY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Valley National Bancorp (NASDAQ: VLY) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $11.00 price target on the stock, up previously from $10.50.MarketBeat
- Valley National Bancorp Announces Proposed Common Stock OfferingGlobeNewswire
- Valley National Bancorp (NASDAQ: VLY) was upgraded by analysts at Barclays PLC from an "underweight" rating to an "equal weight" rating. They now have a $10.00 price target on the stock, up previously from $9.00.MarketBeat
- US regional banks with Florida operations brace for hurricane fallout [Yahoo! Finance Canada]Yahoo! Finance Canada
VLY
Earnings
- 10/24/24 - In-Line
VLY
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form 424B5
- VLY's page on the SEC website