|Bid||0.00 x 4000|
|Ask||0.00 x 21500|
|Day's Range||11.36 - 11.51|
|52 Week Range||8.42 - 12.14|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||11.37|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.44 (3.90%)|
|1y Target Est||12.56|
The common shareholders of Oritani will receive 1.60 shares of Valley common stock for each Oritani share that they own. Effective December 1, 2019, Oritani’s wholly-owned subsidiary, Oritani Bank, was merged into and under the name Valley National Bank. As of September 30, 2019, Oritani had approximately $4.0 billion in assets, $3.4 billion in net loans, $2.9 billion in deposits and a branch network of 26 locations.
Safehold Inc. (NYSE:SAFE) will replace Oritani Financial Corp. (NASD:ORIT) in the S&P; SmallCap 600 effective prior to the open of trading on Tuesday, December 3. S&P; MidCap 400 constituent Valley National Bancorp (NASD:VLY) is acquiring Oritani Financial in a transaction expected to be completed soon pending final conditions.
Valley now has received the necessary shareholder and regulatory approvals to complete the previously announced merger with Oritani (the “Merger”). Shareholders of Oritani will receive 1.60 shares of Valley common stock for each Oritani share they own pursuant to the terms of the Merger when it closes. As of September 30, 2019, Oritani had approximately $4.0 billion in assets, $3.4 billion in net loans, and $2.9 billion in deposits.
NEW YORK, Nov. 13, 2019 -- Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular quarterly preferred and.
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Valley National Bancorp (VLY) (“Valley”) announced today it received notice from the Board of Governors of the Federal Reserve System that it waived the requirement for a bank merger application for the previously announced merger of Oritani Financial Corp. (ORIT) (“Oritani”) with and into Valley (the “Proposed Transaction”). In conjunction with the previously announced approval from the Office of the Comptroller of the Currency, Valley has obtained the requisite regulatory approvals to complete the Proposed Transaction. Valley and Oritani will hold their respective shareholder meetings on November 14, 2019 to vote on the Proposed Transaction.
Valley National (VLY) delivered earnings and revenue surprises of 4.35% and 4.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, Oct. 24, 2019 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter of 2019 of $81.9.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
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NEW YORK, Sept. 25, 2019 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2019 earnings.
Hancock Whitney's (HWC) acquisition of MidSouth Bancorp is likely to be accretive to earnings in 2020. Also, the new share buyback plan is expected to enhance shareholder value.
Dot Capital, a leading New York City-based boutique Venture Capital firm, is the lead investor in the Series Seed. Dot Capital acquires equity positions in high growth, recurring revenue model, emerging technology leaders through direct investments in early stage companies.