Stock in Focus: Valley National Bancorp (VLY)

Company Profile:

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with over $29 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, Florida and Alabama. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service. Valley National Bancorp was founded in 1927 and is headquartered in Wayne, New Jersey.

Recent News:

It will release its first quarter 2018 earnings before the market opens on Thursday, April 26, 2018. The teleconference will also be webcast live and archived on Valley’s website through Saturday, May 26, 2018.

On March 1, 2018, it announced its regular quarterly preferred and common dividends. The declared quarterly dividends are to shareholders of record on March 15, 2018.

It reported net income for the fourth quarter of 2017 of $26.1 million, or $0.09 per diluted common share, as compared to the fourth quarter of 2016 earnings of $50.1 million, or $0.19 per diluted common share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

VLY’s strengths can be seen in its better growth and better profitability compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic Oscillator, MACD is trying to cross back up and RSI(14) stands at 44.20 with positive bias. We rate Valley National Bancorp (VLY) a STRONG BUY.

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