Valley National Bancorp Rating Lowered to Market Perform at Raymond James (VLY)
Valley National Bancorp (NYSE: VLY) was downgraded by investment analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.
Valley National Bancorp traded up 1.69% on Tuesday, hitting $10.83. Valley National Bancorp has a 1-year low of $9.1143 and a 1-year high of $13.4571. The company has a market cap of $2.136 billion and a price-to-earnings ratio of 14.81.
Valley National Bancorp last released its earnings data on Thursday, April 26th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. Analysts expect that Valley National Bancorp will post $0.19 EPS next quarter.
Valley National Bancorp (Valley) is a bank holding company. The Company’s principal operating subsidiary is Valley National Bank (the Bank).