Shares of Valley National Bancorp ( VLY) of Wayne, N.J., closed at $11.31 Friday, down 3% year-to-date, following a 4% decline during 2011. Based on a quarterly payout of 16.25 cents, the shares have a dividend yield of 5.75%.
Cramer and Mohr of Action Alerts PLUS laud Lockheed's 'epic' quarter; Synovus beats estimates.
The Federal Reserve has been on a roll approving regional bank acquisitions with more to come, even as the Department of Justice is cracking down on mergers.
Despite earnings miss, the Georgia bank's shares will continue to improve, according to one analyst.