Several research firms have recently weighed in on VLY. The institutional investor owned 701,561 shares of the financial services provider's stock after buying an additional 78,383 shares during the period. After $0.35 actual EPS reported by Central Valley Community Bancorp for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth. Tyers Asset Management LLC bought a new position in Valley National Bancorp during the fourth quarter valued at approximately $132,000. The New York-based Basswood Capital Management L.L.C. has invested 0.2% in the stock. ADV acquired a new stake in shares of Valley National Bancorp during the first quarter valued at $198,000. Flinton Capital Management LLC purchased a new stake in Valley National Bancorp during the fourth quarter worth $167,000. World Asset Management Inc now owns 16,133 shares of the financial services provider's stock worth $190,000 after buying an additional 699 shares in the last quarter.
Shares of Valley National Bancorp (NYSE:VLY) have received a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat Ratings reports.
Central Valley Community Bancorp has a 50 day moving average of 21.72 and a 200 day moving average of 20.51. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.720 and a beta of 0.86. Valley National Bancorp has a one year low of $8.49 and a one year high of $12.82. Valley National Bancorp (NYSE:VLY) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17.
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By historical standards, Valley National Bancorp remains a cheap stock. Revenue for the quarter also killed consensus, coming in at $187.59M, compared to the consensus of 185.44M. During the same quarter in the prior year, the company earned $0.14 EPS. The company's quarterly revenue was up 10.6% on a year-over-year basis. Stockholders of record on Thursday, June 15th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.80%. Valley National Bancorp's dividend payout ratio (DPR) is 65.67%.
TRADEMARK VIOLATION WARNING: This article was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. The correct version of this report can be viewed at https://www.thestockobserver.com/2017/06/20/valley-national-bancorp-vly-declares-quarterly-dividend-of-0-11-updated-updated-updated.html. Out of 2 Wall Street analysts rating Central Valley Community Bancorp, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Zacks Investment Research raised shares of Valley National Bancorp from a "hold" rating to a "buy" rating and set a $13.00 price target on the stock in a research note on Friday, April 7th. Stephens began coverage on Valley National Bancorp in a report on Wednesday, April 5th. The stock has "Market Perform" rating by Wood on Friday, July 22.
Central Valley Community Bancorp was downgraded to "market perform" by analysts at Keefe, Bruyette & Woods. They now have a Dollars 11.2 price target on the stock.
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