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Warrants Alert

           

 

Name - Valley National Bancorp
Website - https://www.valleynationalbank.com/
Symbol - VLY.WS
Cusip Number - 919794 13 1
Expiry Date - November 11, 2018
Exercise Price - $17.77



News Releases
and SEC filings




Valley National is a Northeast regional bank. The company trades at 1.33 times book value. The warrants began trading at $2.20 per warrant in May 2010. They now trade for around $0.70. They have a strike price of $17.77 which is well above the current stock price of $9.95. The warrants have a dividend adjustment threshold of $0.1814 per quarter which is slightly above the current dividend of $0.163 per quarter. These warrants will have no value at expiration unless VLY nearly doubles in the next 5 years - but these warrants have significant leverage above that level. Here's a link to the prospectus.
https://www.sec.gov/Archives/edgar/data/ 714310/000119312510123896/0001193125-10- 123896-index.htm

https://www.valleynationalbank.com/ why-vnb/company-information/investor- relations-media



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Valley National Bancorp


Valley National Bancorp Warrants

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