Equities analysts predict that Valley National Bancorp (NYSE:VLY) will report earnings per share of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Valley National Bancorp’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.22. Valley National Bancorp reported earnings of $0.22 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is expected to report its next quarterly earnings report on Thursday, April 23rd.

On average, analysts expect that Valley National Bancorp will report full-year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.03. For the next fiscal year, analysts anticipate that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.04 to $1.10. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Valley National Bancorp.

Valley National Bancorp (NYSE:VLY) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $276.64 million for the quarter, compared to analysts’ expectations of $266.00 million. During the same period last year, the company posted $0.22 EPS.

VLY has been the topic of a number of recent research reports. Stephens raised Valley National Bancorp from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $12.50 to $12.00 in a report on Tuesday, February 4th. Zacks Investment Research restated a “sell” rating on shares of Valley National Bancorp in a research note on Saturday, January 11th.

In related news, Director Peter V. Maio bought 20,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of $10.96 per share, with a total value of $219,200.00. 3.45% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in VLY. Laurion Capital Management LP bought a new position in Valley National Bancorp in the fourth quarter valued at $254,000. Meeder Asset Management Inc. raised its position in Valley National Bancorp by 1,613.5% during the fourth quarter. Meeder Asset Management Inc. now owns 118,954 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 112,012 shares in the last quarter. Oxford Asset Management LLP bought a new stake in Valley National Bancorp during the fourth quarter worth about $1,382,000. Mariner LLC lifted its stake in Valley National Bancorp by 105.8% during the fourth quarter. Mariner LLC now owns 119,591 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 61,479 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Valley National Bancorp by 30.3% during the fourth quarter. Amalgamated Bank now owns 65,286 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 15,163 shares during the last quarter. Institutional investors own 55.94% of the company’s stock.

Shares of VLY opened at $11.03 on Friday. The stock’s 50-day simple moving average is $11.14 and its 200 day simple moving average is $11.15. Valley National Bancorp has a 52-week low of $9.28 and a 52-week high of $12.14.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

Further Reading: Cash Flow

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Earnings History and Estimates for Valley National Bancorp (NYSE:VLY)

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