valley national bank, the wholly-owned subsidiary of valley national bancorp (nyse:vly), provides retail and commercial banking services, cash management, consumer and commercial lending, investment alternatives, insurance and estate planning solutions through 213 locations, 254 atms, online (valleynationalbank.com), and mobile devices. as a regional bank, we offer innovative financial solutions and exceptional customer service throughout new jersey, manhattan, bronx, brooklyn, queens, long island, and florida. our goal is to assist you in achieving your financial goals with information, guidance, insight and tools. our conservative approach, designed to protect our customers, shareholders and employees, is one of our strengths, especially during uncertain economic times. we are big enough to provide the depth and breadth of resources, yet we have the ability to deliver customized solutions like a responsive, local community bank. above all, we are a bank you can trust. that’s wh
Company profile
Ticker
VLY, VLYPP, VLYPO
Exchange
Website
CEO
Ira Robbins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
HSBC USA • Alphabet • McKesson • Phillips 66 • Cit • Cullen/Frost Bankers • MUFG Americas • UMB Financial • AvalonBay Communities • Transocean ...
SEC CIK
Corporate docs
IRS number
222477875
VLY stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
23 Aug 24
CERT
Certification of approval for exchange listing
14 Aug 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
8-A12B
Registration of securities on exchange
5 Aug 24
8-K
Material Modifications to Rights of Security Holders
5 Aug 24
424B5
Prospectus supplement for primary offering
1 Aug 24
8-K
Entry into a Material Definitive Agreement
31 Jul 24
FWP
Free writing prospectus
29 Jul 24
424B5
Prospectus supplement for primary offering
29 Jul 24
8-K
Valley National Bancorp Announces Second Quarter 2024 Results
25 Jul 24
Transcripts
VLY
Earnings call transcript
2024 Q2
25 Jul 24
VLY
Earnings call transcript
2024 Q1
25 Apr 24
VLY
Earnings call transcript
2023 Q4
25 Jan 24
VLY
Earnings call transcript
2023 Q3
26 Oct 23
VLY
Earnings call transcript
2023 Q2
27 Jul 23
VLY
Earnings call transcript
2023 Q2
27 Jul 23
VLY
Earnings call transcript
2023 Q1
27 Apr 23
VLY
Earnings call transcript
2022 Q4
26 Jan 23
VLY
Earnings call transcript
2022 Q3
27 Oct 22
VLY
Earnings call transcript
2022 Q2
29 Jul 22
Latest ownership filings
4
MARK SAEGER
6 Aug 24
4
JOHN P REGAN
1 Jul 24
3
JOHN P REGAN
27 Jun 24
4
JOSEPH CHILLURA
14 Jun 24
144
Notice of proposed sale of securities
14 Jun 24
4
SIDNEY S WILLIAMS
12 Jun 24
144
Notice of proposed sale of securities
29 May 24
4
JOSEPH CHILLURA
28 May 24
4
SIDNEY S WILLIAMS
23 May 24
4
JEFFREY S WILKS
23 May 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.01 bn | 1.01 bn | 1.01 bn | 1.01 bn | 1.01 bn | 1.01 bn |
Cash burn (monthly) | (no burn) | 78.78 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 295.82 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 713.26 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 9.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
80.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 359 |
Opened positions | 52 |
Closed positions | 61 |
Increased positions | 121 |
Reduced positions | 111 |
13F shares | Current |
---|---|
Total value | 2.31 tn |
Total shares | 409.54 mm |
Total puts | 6.48 mm |
Total calls | 5.29 mm |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
BLMIF Bank Leumi le-Israel B.M. | 71.86 mm | $937.08 mm |
BLK BlackRock | 71.14 mm | $496.55 bn |
Vanguard | 45.55 mm | $317.93 bn |
STT State Street | 26.54 mm | $187.85 bn |
Dimensional Fund Advisors | 25.72 mm | $179.54 bn |
MQBKY Macquarie Group Limited | 17.83 mm | $124.44 bn |
Fuller & Thaler Asset Management | 16.18 mm | $112.96 bn |
Geode Capital Management | 10.86 mm | $75.85 bn |
Aqr Capital Management | 10.17 mm | $69.23 bn |
GS The Goldman Sachs Group, Inc. | 7.11 mm | $49.63 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 24 | Mark Saeger | Common Stock | Grant | Acquire A | No | No | 0 | 29,762 | 0.00 | 182,835 |
1 Jul 24 | John P Regan | Common Stock | Grant | Acquire A | No | No | 0 | 42,980 | 0.00 | 42,980 |
14 Jun 24 | Joseph Chillura | Common Stock (IRA) | Sell | Dispose S | No | No | 6.57 | 10,000 | 65.70 k | 0 |
10 Jun 24 | Sidney S Williams | Common Stock | Buy | Acquire P | No | No | 6.74 | 742 | 5.00 k | 33,329 |
News
JP Morgan Maintains Neutral on Valley Ntl, Raises Price Target to $10
9 Oct 24
Morgan Stanley Maintains Equal-Weight on Valley Ntl, Raises Price Target to $10
30 Sep 24
6 Analysts Have This To Say About Valley Ntl
24 Sep 24
Wedbush Maintains Neutral on Valley Ntl, Raises Price Target to $10
24 Sep 24
10 Financials Stocks Whale Activity In Today's Session
19 Sep 24
Press releases
Valley Bank's New Jersey Commercial Banking Team Closes a $150 Million Syndicated Credit Facility to Green Thumb Industries Inc.
12 Sep 24
Valley National Bancorp to Announce Third Quarter 2024 Earnings
9 Sep 24
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
20 Aug 24
Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering
29 Jul 24
KBRA Assigns Preferred Stock Rating and Affirms Existing Ratings to Valley National Bancorp
29 Jul 24