Analysts See $0.17 EPS for Valley National Bancorp (VLY)

January 19, 2018 - By Michael Collier

 Analysts See $0.17 EPS for Valley National Bancorp (VLY)
Investors sentiment increased to 1.66 in 2017 Q3. Its up 0.08, from 1.58 in 2017Q2. It increased, 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.
Hbk Sorce Advisory Ltd Co holds 0.3% or 164,823 shares. 2,225 are owned by Bessemer Gru. Invesco Ltd reported 692,745 shares stake. Nationwide Fund invested in 0.03% or 687,027 shares. Moreover, Metropolitan Life Ins Ny has 0.03% invested in Valley National Bancorp (NYSE:VLY). D E Shaw & Com owns 11,400 shares or 0% of their US portfolio. Panagora Asset Mgmt Inc has 11,344 shares. Royal Bank Of Canada reported 0% stake. Schwab Charles Investment Management Inc has 0.02% invested in Valley National Bancorp (NYSE:VLY) for 1.59 million shares. Howland Capital Mgmt Ltd owns 21,774 shares for 0.02% of their portfolio. Moreover, Profund Advsr Limited Liability Com has 0.02% invested in Valley National Bancorp (NYSE:VLY). Parametric Port Associate Limited Co stated it has 0.01% of its portfolio in Valley National Bancorp (NYSE:VLY). Mercer Advisers has invested 0.11% of its portfolio in Valley National Bancorp (NYSE:VLY). Advisory Net Ltd Liability reported 0% in Valley National Bancorp (NYSE:VLY). Macquarie Gp Ltd invested in 0.13% or 5.89M shares.

Since August 2, 2017, it had 0 insider purchases, 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 1.89M 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 it with “Hold” rating and $1200 target in Tuesday, July 25 report. On Thursday, September 28 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Outperform” rating by Hovde Group on Monday, July 31. The firm earned “Hold” rating on Tuesday, August 8 by Piper Jaffray. The stock of Valley National Bancorp (NYSE:VLY) has “Outperform” rating given on Thursday, July 27 by Wood. As per Wednesday, August 19, the company rating was upgraded by Zacks. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Guggenheim upgraded the stock to “Sell” rating in Tuesday, August 25 report. The firm has “Buy” rating by Sandler O’Neill given on Friday, January 29. The stock has “Overweight” rating by PiperJaffray on Friday, January 5.

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: Streetinsider.com which released: “Piper Jaffray Upgrades Valley National Bancorp (VLY) to Overweight, Top Pick …” on January 05, 2018, also Prnewswire.com with their article: “Valley National Bancorp Completes Its Merger of USAmeriBancorp, Inc.” published on January 02, 2018, Zacks.com published: “Valley National (VLY) Closes USAmeriBancorp Merger Deal” on January 03, 2018. More interesting news about Valley National Bancorp (NYSE:VLY) were released by: Streetinsider.com and their article: “Form 4 VALLEY NATIONAL BANCORP For: Jan 15 Filed by: SCHUPP RUDY E” published on January 17, 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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