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.