Valley National Bancorp Surprises with Strong Profit Margin, Raises Earnings Growth Forecasts

Valley National Bancorp reported a net profit margin of 26.6%, up from 22% a year ago, with earnings growth at 17.2%. Shares are trading at $10.56, below the indicated fair value of $19.81 per share. Analysts forecast earnings growth of 17%, but shares are undervalued, with no major or minor risk signals in the data and reward signals highlighting overall good value and dividend features.