Valley National Bancorp (VLYPP) Projected to Announce Earnings on Thursday

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

Valley National Bancorp Stock Performance

Shares of VLYPP opened at $25.00 on Wednesday. The company’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $25.09. Valley National Bancorp has a 12-month low of $24.42 and a 12-month high of $26.11.

Valley National Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.4991 dividend. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 8.0%.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.