-
Posted by
Two Blokes Jul 7 -
Filed in
Stock
-
6 views
VLY has improved its CRE loan concentration, but management's unwillingness to reduce it below 300% keeps the bank too cyclical for my taste. Net interest margin is rising, aided by lower deposit costs, but limited deposit growth restricts further loan expansion and earnings upside. The dividend yield is high but lacks growth and is threatened by dilution, making VLY unattractive for long-term passive income investors.
