Hovde Group has initiated coverage on Valley National Bancorp (VLY) with an Outperform rating, marking the firm's first assessment of the bank's investment potential. This rating reflects Hovde's analysis of Valley National's business dynamics, industry position, and growth prospects.
Valley National Bancorp, headquartered in New York City, is a bank and financial holding company that provides retail and commercial banking services. The firm operates through its principal subsidiary, Valley National Bank, and employs 3,732 full-time staff. Its business segments include Consumer Banking, which offers residential mortgages and consumer loans, and Commercial Banking, focusing on various types of loans for businesses.
As of September 9, 2025, the stock is trading at $10.98. The company's market capitalization stands at $6.1 billion, with a price-to-earnings ratio of 11.69 and a trailing twelve-month earnings per share of 0.93. Notably, Valley National offers a substantial dividend yield of 402.6%.
Looking ahead, the company is set to report its earnings on July 22, 2026, with an estimated EPS of $0.30 and revenue forecasted at $549.9 million. Recent earnings performance has shown variability, with Q3 2025 reporting an EPS of $0.28, surpassing estimates by 7.7%.
Analyst ratings, such as Hovde's, are often based on extensive research and financial modeling. While they provide valuable insights, investors should consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information becomes available, reflecting the dynamic nature of market conditions.