UP!
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Type
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Public company |
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| Traded as | NYSE: VLY S&P 400 component |
| Industry | Financial services |
| Founded | 1927 (1927) in Passaic, New Jersey |
| Headquarters | Wayne, New Jersey |
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Area served
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Key people
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Gerald H. Lipkin, Chairman & CEO Rudy E. Schupp, President Alan D. Eskow, CFO |
| Revenue |  $0.775 billion (2016) |
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Net income
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$0.160 billion (2016) |
| Total assets | $22.864 billion (2016) |
| Total equity | $1.529 billion (2016) |
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Number of employees
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2,828 (2016) |
| Website | valleynationalbank |
Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey. Its principal subsidiary, Valley National Bank, operates 209 branches in 30 counties in northern and central New Jersey, Manhattan, Brooklyn, Queens, Long Island and Florida.
The bank was founded in 1927 as the Passaic Park Trust Company.
The bank changed its name in the mid-1930s to the Bank of Passaic and Trust Company.
In 1956, the bank acquired the Bank of Allwood based in Clifton, New Jersey and the name was changed to the Bank of Passaic and Clifton.
In 1976, after the acquisition of the Bank of Wayne, the bank was renamed Valley National Bank.
In 1989, Samuel F. Riskin, the chairman and chief executive officer of the company, retired. Riskin had been appointed president in 1953. Under his leadership, the bank's assets grew from $40 million to $3 billion. Riskin died in 1992.
In 1994, the bank acquired Rock Financial Corporation for $45.8 million in stock.
In 1999, following the acquisition of Wayne-based Ramapo Bank, the bank moved its headquarters to Wayne, New Jersey.
In 2000, the bank acquired Merchants Bank for $375 million in stock.
In 2004, the bank acquired Shrewsbury Bancorp for $136 million.
In 2014, the bank acquired 1st United Bancorp.
In 2015, the company acquired CNLBancshares.
In 2017, the bank acquired USAmeriBancorp for $816 million.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-26 | Future report Set alerts | |
| Q2 2022 | 2022-07-28 | 0.32 | 0.32 |
| Q1 2022 | 2022-04-28 | 0.28 | 0.28 |
| Q4 2021 | 2022-01-27 | 0.28 | 0.28 |
| Q3 2021 | 2021-10-28 | 0.30 | 0.30 |
| Q2 2021 | 2021-07-22 | 0.30 | 0.30 |
| Q1 2021 | 2021-04-29 | 0.28 | 0.28 |
| Q4 2020 | 2021-01-28 | 0.27 | 0.27 |
| Q3 2020 | 2020-10-22 | 0.00 | 0.00 |
| Q2 2020 | 2020-07-23 | 0.23 | 0.23 |
| 2016-02-03 | Upgrade | Piper Jaffray | Neutral to Overweight | $10.00 |
| 2016-02-03 | Upgrade | Piper Jaffray Cos. | Neutral to Overweight | $10.00 |
| 2016-01-29 | Upgrade | Sandler O'Neill | Hold to Buy | $10.00 |
| 2016-01-28 | Lower Price Target | RBC Capital | Sector Perform | $11.00 to $9.00 |
| 2016-01-28 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $11.00 to $9.00 |
| 2015-10-29 | Lower Price Target | Keefe, Bruyette & Woods | $10.00 to $9.50 | |
| 2015-08-25 | Upgrade | Guggenheim | Sell to Neutral | |
| 2015-07-13 | Downgrade | Guggenheim | Neutral to Sell | $9.00 |
| 2015-07-01 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $9.50 to $11.00 |
| 2015-06-05 | Initiated Coverage | Piper Jaffray | Neutral | $10.00 |
| 2015-05-28 | Upgrade | American Capital Partners | Neutral to Buy | $11.00 |
| 2014-11-04 | Downgrade | Guggenheim | Buy to Neutral | $11.50 to $10.50 |
| 2014-10-30 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | $10.00 to $9.50 |
| 2014-08-21 | Reiterated Rating | Sandler O'Neill | Hold | |
| 2014-08-01 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $9.50 to $10.00 |
| 2014-05-09 | Upgrade | Raymond James | Underperform to Market Perform | |
| 2014-04-28 | Boost Price Target | Compass Point | $13.00 to $14.00 | |
| 2014-03-05 | Upgrade | Keefe, Bruyette & Woods | Underperform to Market Perform | $8.50 to $9.50 |
| 2014-01-07 | Upgrade | Guggenheim | Neutral to Buy | |
| 2011-10-28 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2010-01-22 | Downgrade | UBS | Neutral to Sell | |
| 2009-12-14 | Downgrade | JP Morgan | Neutral to Underweight | |
| 2009-07-24 | Upgrade | Stifel Nicolaus | Hold to Buy | $15 |
| 2009-07-20 | Initiated | Boenning & Scattergood | Neutral | |
| 2009-05-21 | Initiated | Credit Suisse | Neutral | |
| 2009-01-23 | Reiterated | RBC Capital Mkts | Sector Perform | $14 to $11 |
| 2008-09-10 | Downgrade | Keefe Bruyette | Mkt Perform to Underperform | $16 |
| 2008-07-08 | Upgrade | Keefe Bruyette | Underperform to Mkt Perform | $14 |
| 2008-01-25 | Reiterated | RBC Capital Mkts | Sector Perform | $25 to $20 |
| 2007-10-18 | Reiterated | RBC Capital Mkts | Sector Perform | $27 to $25 |
| 2007-07-20 | Reiterated | RBC Capital Mkts | Sector Perform | $27.50 to $27 |
| 2007-02-09 | Reiterated | Ryan, Beck & Co | Mkt Perform | $25 to $26 |
| 2016-02-03 | Upgrade | Piper Jaffray | Neutral to Overweight | $10.00 |
| 2016-02-03 | Upgrade | Piper Jaffray Cos. | Neutral to Overweight | $10.00 |
| 2016-01-29 | Upgrade | Sandler O'Neill | Hold to Buy | $10.00 |
| 2016-01-28 | Lower Price Target | RBC Capital | Sector Perform | $11.00 to $9.00 |
| 2016-01-28 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $11.00 to $9.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In VLY 259 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 59.38M |
| Vanguard Group, Inc | 43.71M |
| DIMENSIONAL FUND ADVISORS LP | 20.39M |
| BlackRock Fund Advisors | 19.75M |
| STATE STREET CORP | 18.70M |
| MACQUARIE GROUP LTD | 16.83M |
| WELLINGTON MANAGEMENT CO LLP | 10.88M |
| AMERICAN CENTURY COMPANIES INC | 9.99M |
| GEODE CAPITAL MANAGEMENT, LLC | 8.17M |
| BlackRock Institutional Trust Company, N.A. | 7.69M |
| NORTHERN TRUST CORP | 6.13M |
| Capital World Investors | 5.50M |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 5.29M |
| NUANCE INVESTMENTS, LLC | 3.74M |
| GOLDMAN SACHS GROUP INC | 3.02M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Steans Jennifer W | 0.80% (1613532) | MBFI / TAYC / VLY / |
| JONES GRAHAM O | 0.48% (965598) | VLY / |
| KORDE GERALD | 0.33% (660337) | VLY / |
| CROCITTO PETER P Senior EVP & COO, Director | 0.18% (368808) | VLY / |
| LAWRENCE JAMES G Executive Vice President | 0.17% (344882) | VLY / |
| GUILFOILE MARY | 0.13% (263686) | CHRW / IPG / VLY / |
| ESKOW ALAN D Senior EVP & CFO, Director | 0.12% (240428) | VLY / |
| LIPKIN GERALD H Chairman, President and CEO | 0.10% (209714) | VLY / |
| ENGEL ALBERT L Executive Vice President | 0.10% (206156) | VLY / |
| SCHUPP RUDY E EVP & President, Florida Div. | 0.10% (193547) | FUBC / NEE / VLY / |
| ABRAMSON ANDREW B | 0.09% (173826) | VLY / |
| Robbins Ira First Sr. VP and Treasurer | 0.06% (116898) | VLY / |
| GOULD ERIC W First Senior Vice President | 0.06% (116103) | VLY / |
| MULLIGAN ROBERT J EXECUTIVE VICE PRESIDENT | 0.06% (112564) | VLY / |
| MEYER ROBERT Executive Vice President | 0.05% (109807) | VLY / |
| Mueller Bernadette Executive VP, Retail Banking | 0.04% (87709) | VLY / |
| Iadanza Thomas A EVP - COMMERCIAL LENDING | 0.04% (82153) | VLY / |
| FARRELL ROBERT E EXECUTIVE VICE PRESIDENT | 0.04% (71499) | VLY / |
| Onorato Andrea T EVP-Director Retail Operations | 0.03% (63911) | VLY / |
| LENNER MARC J | 0.03% (52367) | VLY / |
| Baum Peter J | 0.02% (46605) | VLY / |
| GRENZ DIANNE M EVP, Director of Sales | 0.02% (46510) | VLY / |
| WILKS JEFFREY S | 0.02% (43395) | VLY / |
| Ambrosini Sherry FSVP - Chief Credit Officer | 0.02% (43033) | VLY / |
| DELANEY ELIZABETH E First Senior Vice President | 0.02% (42596) | VLY / |
| EDELSTEIN ERIC P | 0.02% (37443) | VLY / |
| BRONANDER PAMELA R | 0.02% (37338) | VLY / |
| LARUSSO MICHAEL L | 0.02% (30980) | VLY / |
| Ostermayer Lawrence Senior Vice President | 0.02% (30752) | FUBC / VLY / |
| CRANDELL MITCHELL L First SVP & CAO | 0.01% (29331) | VLY / |
| Jacobson Wade A EVP, Florida Division | 0.01% (28418) | FUBC / VLY / |
| Janis Ronald H. Senior EVP & General Counsel | 0.01% (27878) | VLY / |
| SAEGER MARK EVP, CCO | 0.01% (25549) | VLY / |
| SCOFIELD MELISSA F EVP - Chief Risk Officer | 0.01% (21417) | VLY / |
| NOONAN JOHN H First Senior Vice President | 0.01% (21222) | VLY / |
| DAVEY STEPHEN P Senior Vice President | 0.01% (19040) | VLY / |
| SANI SURESH L | 0.01% (17311) | VLY / |
| CHITTENDEN KEVIN EVP, Chief Res. Lend. Officer | 0.01% (17033) | VLY / |
| Bardusch Robert J EVP, Chief Information Officer | 0.01% (14676) | VLY / |
| Murawski Russell C FSVP | 0.01% (12858) | VLY / |
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