Wall Street analysts expect Valley National Bancorp (NYSE:VLY – Get a rating) will post earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Valley National Bancorp. The highest EPS estimate is $0.30 and the lowest is $0.27. Valley National Bancorp posted earnings per share of $0.30 in the same quarter last year, indicating a negative growth rate of 6.7% year over year. The company is due to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Valley National Bancorp to report annual earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.24. For the next fiscal year, analysts expect the company to report earnings of $1.37 per share, with EPS estimates ranging from $1.33 to $1.41. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who follow Valley National Bancorp.
Separately, StockNews.com supposed coverage of Valley National Bancorp shares in a Thursday, March 31 report. They issued a “hold” rating on the stock.
NYSE VLY opened at $12.59 on Thursday. Valley National Bancorp has a one-year low of $11.40 and a one-year high of $15.10. The company has a 50-day simple moving average of $12.28.
About Valley National Bancorp (Get a rating)
Valley National Bancorp operates as a holding company for Valley National Bank which provides various commercial, retail, insurance and wealth management financial services products. It operates through commercial lending, consumer lending and investment management segments. The company offers interest-free deposit, savings, NOW, money market and term accounts; commercial and industrial, commercial real estate, residential mortgages and automobile loans; loans secured by the cash value of life insurance; home equity loans and lines of credit; and other secured and unsecured consumer loans.
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