$0.17 EPS Expected for Valley National Bancorp (VLY)

January 19, 2018 - By Vivian Park

 $0.17 EPS Expected for Valley National Bancorp (VLY)
Investors sentiment increased to 1.66 in 2017 Q3. Its up 0.08, from 1.58 in 2017Q2. It improved, as 12 investors sold Valley National Bancorp shares while 64 reduced holdings. 35 funds opened positions while 91 raised stakes. 167.29 million shares or 2.75% more from 162.82 million shares in 2017Q2 were reported.
Barrow Hanley Mewhinney Strauss Ltd Liability Co owns 6.71 million shares or 0.12% of their US portfolio. Advsrs Incorporated Ok has 0.86% invested in Valley National Bancorp (NYSE:VLY). Blackrock Inc holds 30.91M shares. Tower Rech Cap Ltd Co (Trc) invested 0.02% of its portfolio in Valley National Bancorp (NYSE:VLY). Bluecrest Capital Limited reported 347,112 shares stake. New York-based Tiaa Cref Management Llc has invested 0.01% in Valley National Bancorp (NYSE:VLY). Denver Advsr Ltd Liability owns 1.26M shares for 0.75% of their portfolio. Waratah Capital Limited has 0.05% invested in Valley National Bancorp (NYSE:VLY). Gideon Cap Advsr Inc invested 0.22% of its portfolio in Valley National Bancorp (NYSE:VLY). Legal General Public Limited Company has invested 0% in Valley National Bancorp (NYSE:VLY). Lsv Asset has 0.01% invested in Valley National Bancorp (NYSE:VLY). 18,482 were accumulated by Ifc Fl. Creative Planning reported 14,078 shares or 0% of all its holdings. Chicago Equity Ptnrs Lc reported 0.24% of its portfolio in Valley National Bancorp (NYSE:VLY). 755,949 were accumulated by Deutsche National Bank Ag.

Since August 2, 2017, it had 0 insider buys, and 2 insider sales for $531,665 activity.

Analysts expect Valley National Bancorp (NYSE:VLY) to report $0.17 EPS on January, 25 before the open.They anticipate $0.02 EPS change or 10.53 % from last quarter’s $0.19 EPS. VLY’s profit would be $44.94 million giving it 17.79 P/E if the $0.17 EPS is correct. After having $0.17 EPS previously, Valley National Bancorp’s analysts see 0.00 % EPS growth. The stock decreased 0.82% or $0.1 during the last trading session, reaching $12.1. About 1.89 million shares traded. Valley National Bancorp (NYSE:VLY) has risen 24.84% since January 19, 2017 and is uptrending. It has outperformed by 8.14% the S&P500.

Valley National Bancorp (NYSE:VLY) Ratings Coverage

Among 10 analysts covering Valley National Bancorp (NYSE:VLY), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Valley National Bancorp had 19 analyst reports since August 19, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, July 25 report. The firm has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of VLY in report on Monday, August 28 with “Buy” rating. PiperJaffray upgraded Valley National Bancorp (NYSE:VLY) on Friday, January 5 to “Overweight” rating. Keefe Bruyette & Woods maintained Valley National Bancorp (NYSE:VLY) on Thursday, September 28 with “Buy” rating. Keefe Bruyette & Woods upgraded the shares of VLY in report on Thursday, July 27 to “Buy” rating. The firm earned “Hold” rating on Monday, November 14 by Sandler O’Neill. Wood upgraded the stock to “Outperform” rating in Thursday, July 27 report. As per Wednesday, August 19, the company rating was upgraded by Zacks. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, August 8.

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services. The company has market cap of $3.20 billion. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions. It has a 17.82 P/E ratio. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

More notable recent Valley National Bancorp (NYSE:VLY) news were published by: Prnewswire.com which released: “Valley National Bancorp Completes Its Merger of USAmeriBancorp, Inc.” on January 02, 2018, also Zacks.com with their article: “Valley National (VLY) Closes USAmeriBancorp Merger Deal” published on January 03, 2018, Nasdaq.com published: “Valley National Bancorp (VLY) Ex-Dividend Date Scheduled for December 21, 2017” on December 20, 2017. More interesting news about Valley National Bancorp (NYSE:VLY) were released by: Streetinsider.com and their article: “Piper Jaffray Upgrades Valley National Bancorp (VLY) to Overweight, Top Pick …” published on January 05, 2018 as well as Bizjournals.com‘s news article titled: “Valley National Bank plans more Tampa jobs after wrapping USAmeriBank deal” with publication date: January 12, 2018.

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