The financial services sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing a mid-cap US regional bank
It’s name is Valley National Bancorp
It’s trading ticker symbol is VLY. Â
Valley National Bancorp is a bank holding company. It offers commercial, retail, insurance and wealth management financial services products. It also offers automated teller machines, telephone and internet banking services.
The company operates through Commercial Lending, Consumer Lending, and Investment Management segments.
As of December 31, 2017, the company operated 237 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida.Â
Valley National Bancorp was founded in 1927 and is headquartered in Wayne, New Jersey.
I use three key data points to gauge the value of any dividend equity or fund like Valley National Bancorp:Â
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will finally unlock an equity or fund in which to invest.Â
No matter what, it’s the first three primary traits that best tell whether a company has made, is making, and will make money.
VLY Price
Valley’s price was $12.90 per share at yesterday’s market close. A year ago its price was $11.57 for a gain of $1.33 per share in the past year. Â
Assuming Valley’s price will continue to trade in the range of $10.00 to $14.00 next year, its price could grow another $1.33 from $12.90 to $14.23 by June 21, 2019.Â
VLY Dividends
Valley’s most recently declared quarterly dividend was $0.11 per share payable July 3. That $0.11 quarterly dividend equates to an estimated annual payout of $0.44 per share for 2018-19 which yields 3.4% at yesterday’s $12.90 closing stock price. Â
