As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy.
Company profile
Ticker
VLY, VLYPP, VLYPO
Exchange
Website
CEO
Ira Robbins
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
222477875
VLY stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
Submission of Matters to a Vote of Security Holders
28 Apr 23
8-K
Valley National Bancorp Announces First Quarter 2023 Results
27 Apr 23
S-8
Registration of securities for employees
25 Apr 23
8-K
Departure of Directors or Certain Officers
5 Apr 23
ARS
2022 FY
Annual report to shareholders
10 Mar 23
DEFA14A
Additional proxy soliciting materials
10 Mar 23
DEF 14A
Definitive proxy
10 Mar 23
8-K
Departure of Directors or Certain Officers
7 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
Transcripts
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
VLY
Earnings call transcript
2022 Q1
28 Apr 22
VLY
Earnings call transcript
2021 Q4
27 Jan 22
VLY
Earnings call transcript
2021 Q3
28 Oct 21
VLY
Earnings call transcript
2021 Q2
22 Jul 21
VLY
Earnings call transcript
2021 Q1
1 May 21
VLY
Earnings call transcript
2020 Q4
28 Jan 21
VLY
Earnings call transcript
2020 Q3
22 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 5.71 bn | 5.71 bn | 5.71 bn | 5.71 bn | 5.71 bn | 5.71 bn |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 89.89 mm | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 199.71 mm | n/a |
| Cash remaining | n/a | n/a | n/a | n/a | 5.51 bn | n/a |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 61.2 | n/a |
Institutional ownership, Q1 2023
73.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 330 |
| Opened positions | 46 |
| Closed positions | 58 |
| Increased positions | 118 |
| Reduced positions | 98 |
| 13F shares | Current |
|---|---|
| Total value | 2.79 tn |
| Total shares | 374.10 mm |
| Total puts | 4.05 mm |
| Total calls | 943.20 k |
| Total put/call ratio | 4.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLMIF Bank Leumi Le Israel BM | 71.86 mm | $937.08 mm |
| BLK Blackrock | 63.83 mm | $589.80 bn |
| Vanguard | 45.34 mm | $418.90 bn |
| Dimensional Fund Advisors | 21.62 mm | $199.75 bn |
| STT State Street | 21.11 mm | $197.14 bn |
| MCQEF Macquarie | 18.70 mm | $172.82 bn |
| Fuller & Thaler Asset Management | 13.84 mm | $127.87 bn |
| American Century Companies | 10.75 mm | $99.28 bn |
| Wellington Management | 9.44 mm | $87.26 bn |
| Geode Capital Management | 8.65 mm | $79.92 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 May 23 | Baum Peter J | Common Stock | Gift | Acquire G | No | No | 0 | 2,228 | 0.00 | 84,599 |
| 22 May 23 | Sani Suresh L | Preferred Stock | Buy | Acquire P | No | No | 15.7 | 4,416 | 69.33 k | 4,416 |
| 12 May 23 | Avner Mendelson | Common Stock | Buy | Acquire P | No | No | 13.93 | 1,000 | 13.93 k | 134,126 |
| 12 May 23 | Avner Mendelson | Common Stock | Buy | Acquire P | No | No | 16.48 | 1,000 | 16.48 k | 133,126 |
| 12 May 23 | Avner Mendelson | Common Stock | Buy | Acquire P | No | No | 16.6 | 376 | 6.24 k | 132,126 |
| 12 May 23 | Avner Mendelson | Common Stock | Buy | Acquire P | No | No | 16.5 | 235 | 3.88 k | 131,750 |
| 12 May 23 | Avner Mendelson | Preferred Stock | Buy | Acquire P | No | No | 13.93 | 1,000 | 13.93 k | 2,611 |
| 12 May 23 | Avner Mendelson | Preferred Stock | Buy | Acquire P | No | No | 16.48 | 1,000 | 16.48 k | 1,611 |
| 12 May 23 | Avner Mendelson | Preferred Stock | Buy | Acquire P | No | No | 16.6 | 376 | 6.24 k | 611 |
| 12 May 23 | Avner Mendelson | Preferred Stock | Buy | Acquire P | No | No | 16.5 | 235 | 3.88 k | 235 |
News
Benzinga's Top Ratings Upgrades, Downgrades For June 5, 2023
5 Jun 23
Expert Ratings for Valley Ntl
5 Jun 23
JP Morgan Upgrades Valley Ntl to Overweight, Announces $10 Price Target
5 Jun 23
The Latest Analyst Ratings for Valley Ntl
16 May 23
Morgan Stanley Maintains Equal-Weight on Valley Ntl, Lowers Price Target to $8
16 May 23
Press releases
Valley Bank Invested More than $3.4 Billion to Support Its Communities in 2022
25 May 23
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
23 May 23
KBRA Releases First-Quarter 2023 U.S. Bank Compendium
22 May 23
KBRA Affirms Ratings for Valley National Bancorp
12 May 23
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Valley National Bancorp - VLY
10 May 23