This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Bank Dividend Stocks: 2010 Roundup

Stocks in this article: WMT CFFND BXS NYB TOBC PRK VLY FNB HCBK PBCT FNFG CTBI

5. Valley National Bancorp

Company Profile

Shares of Valley National Bancorp (VLY) of Wayne, N.J. closed at $14.42 Monday, up 13% year-to-date. Based on a quarterly payout of 18 cents, the shares have a dividend yield of 4.99%.

Income Statement

Valley reported third-quarter net income to common stockholders of $32.7 million, or 20 cents a share, improving from $25.6 million, or 17 cents a share, a year earlier. The company's net interest margin increased to 3.70% from 3.65% a year earlier and its provision for loan losses declined to $9.2 million from $12.6 million in the third quarter of 2009.

The third-quarter ROA was 0.93% and the dividend payout ratio was 90%.

Balance Sheet

Total assets were $14.1 million as of September 30 and the nonperforming assets ratio was 0.87%. The third-quarter net charge-off ratio was a very low 0.27% and reserves covered 1.19% of total loans as of September 30.

The Tier 1 leverage ratio was 8.27% and the total risk-based capital ratio was 12.58% as of September 30. The tangible common equity ratio was 6.91% according to SNL Financial.

Stock Ratios

The shares trade for 2.4 times tangible book value according to SNL and 17 times the 2011 consensus earnings estimate of 26 cents a share.

Analyst Ratings

Out of nine analysts covering the shares two have buy ratings, five rate the shares a hold and two analysts recommend investors sell the shares.

7 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs