Valley National's Positive CRE Developments Are Priced In (Downgrade) [Seeking Alpha]
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
valleynationalbank.com
Company Research
Source: Seeking Alpha
Play 8min Summary Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank's de-risking plan is ahead of schedule, with an $800 million CRE loan sale reducing exposure and mitigating downside risk. Deposit performance is resilient, with a $300 million sequential increase and lower customer deposit costs expected to benefit Q4 margins. While there is a secure 4.8% dividend, shares appear fairly valued at 10x forward earnings, leading to my revised rating of "hold." GrandviewGraphics While shares of Valley National Bank ( NASDAQ: VLY ) are up 23% over the past year, that gain hides a roller-coaster ride for investors with shares falling considering in H1 amid fears around commercial real estate in the New York City This article was written by Seeking Profits 4.19K Follower s Follow Over fifteen years of experience making contrarian bets based on my macro view and stock
Show less
Read more
Impact Snapshot
Event Time:
VLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VLY alerts
High impacting Valley National Bancorp news events
Weekly update
A roundup of the hottest topics
VLY
News
- Valley National Bank Announces the Retirement of President Thomas A. Iadanza [Yahoo! Finance]Yahoo! Finance
- Valley National Bank Announces the Retirement of President Thomas A. IadanzaGlobeNewswire
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking Team [Yahoo! Finance]Yahoo! Finance
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking TeamBusiness Wire
- Valley National Bancorp (NASDAQ: VLY) had its price target raised by analysts at Barclays PLC from $10.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
VLY
Earnings
- 10/24/24 - In-Line
VLY
Sec Filings
- 12/11/24 - Form 8-K
- 12/9/24 - Form 8-K
- 12/2/24 - Form 3
- VLY's page on the SEC website