Valley National Bancorp (NYSE:VLY) Updates On Dividend Release Date


On 2016-05-26, Valley National Bancorp (NYSE:VLY) confirmed the dividend disbursement of $0.11 a share to shareholders as on record 2016-06-15. The firm will release dividend on 2016-07-01 while ex-dividend date is reported to be 2016-06-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Valley National Bancorp (NYSE:VLY) paid a total of $0.11 per share in dividends. This figure stood at $0.11 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $9.562 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $10 and $9, respectively.

Taking the mathematical rating formula, the price for Valley National Bancorp (NYSE:VLY) stands at 2.67. Earnings Review Valley National Bancorp (NYSE:VLY) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.16.

Coming to the quarter ending on 2015-12-31, Valley National Bancorp (NYSE:VLY) recorded EPS of $0.15. The reported numbers came lower than the analysts’ estimates of $0.16, demonstrating a miss of $-0.01 as against reported figures.

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