Valley National Bancorp (VLY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Valley National Bancorp (VLY) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.15. Analysts expectations of $179.68 million. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Valley National Bancorp. Valley National Bancorp was Upgraded by Piper Jaffray to ” Overweight” on Feb 3, 2016. Valley National Bancorp was Upgraded by Sandler O’Neill to ” Buy” on Jan 29, 2016.

Valley National Bancorp opened for trading at $10.01 and hit $10.13 on the upside on Friday, eventually ending the session at $10.08, with a gain of 0.70% or 0.07 points. The heightened volatility saw the trading volume jump to 16,14,303 shares. Company has a market cap of $2,561 M.

In a different news, on Jun 25, 2015, Ira Robbins (EVP – Treasurer) purchased 800 shares at $25.05 per share price. According to the SEC, on Jun 23, 2015, Marc J Lenner (director) purchased 4,000 shares at $25.00 per share price. On Jun 22, 2015, Gerald H Lipkin (CEO) purchased 5,950 shares at $25.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary Valley National Bank (Bank). The Bank operates in four segments: commercial lending consumer lending investment management and corporate and other adjustments. Its Wealth Management Division is consisted of trust asset management and insurance services. It provides a range of commercial retail insurance and wealth management financial services products. It provides various banking services including automated teller machines telephone and Internet banking remote deposit capture and deposit facilities. It also provides international banking services to customers including letters of credit documentary letters of credit and related products. It operates approximately 211 branch locations serving over 24 counties throughout northern and central New Jersey the New York City boroughs of Manhattan Brooklyn Queens and Long Island and Florida.

Valley National Bancorp

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