Valley National Bancorp (VLYPO) Expected to Announce Earnings on Thursday

Valley National Bancorp (NASDAQ:VLYPO) is projected to release its resultson Thursday, July 23rd. Analysts expect the company to announce earnings of $0.3088 per share and revenue of $557.16 million for the quarter.

Valley National Bancorp Stock Performance

VLYPO stock opened at $24.90 on Tuesday. The firm’s 50-day moving average is $24.92 and its two-hundred day moving average is $24.97. Valley National Bancorp has a 52 week low of $24.10 and a 52 week high of $25.74.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.4817 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.47. This represents a $1.93 annualized dividend and a yield of 7.7%.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.