Valley National Bancorp (NASDAQ:VLY) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC decreased its stake in shares of Valley National Bancorp (NASDAQ:VLY) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,880 shares of the company’s stock after selling 1,952 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Valley National Bancorp were worth $506,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VLY. Harbor Capital Advisors Inc. bought a new stake in shares of Valley National Bancorp during the third quarter valued at approximately $25,000. Blue Trust Inc. grew its position in Valley National Bancorp by 48.2% in the third quarter. Blue Trust Inc. now owns 4,809 shares of the company’s stock worth $44,000 after buying an additional 1,564 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Valley National Bancorp by 416.8% in the third quarter. Hexagon Capital Partners LLC now owns 6,201 shares of the company’s stock worth $56,000 after buying an additional 5,001 shares during the last quarter. GAMMA Investing LLC grew its position in Valley National Bancorp by 46.4% during the 3rd quarter. GAMMA Investing LLC now owns 6,791 shares of the company’s stock worth $62,000 after purchasing an additional 2,151 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Valley National Bancorp by 557.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,679 shares of the company’s stock worth $79,000 after purchasing an additional 7,358 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VLY shares. Barclays boosted their price target on shares of Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Morgan Stanley upped their price target on shares of Valley National Bancorp from $9.50 to $10.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. StockNews.com lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Wedbush reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Valley National Bancorp in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Valley National Bancorp from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Valley National Bancorp currently has an average rating of “Hold” and an average target price of $10.56.

Valley National Bancorp Stock Up 4.0 %

Shares of VLY stock opened at $10.17 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.50. Valley National Bancorp has a 1 year low of $6.47 and a 1 year high of $11.10. The firm’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $9.08. The firm has a market capitalization of $5.18 billion, a P/E ratio of 16.40 and a beta of 1.12.

Valley National Bancorp (NASDAQ:VLY) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a net margin of 9.42% and a return on equity of 5.87%. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, equities analysts predict that Valley National Bancorp will post 0.64 EPS for the current fiscal year.

Valley National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Friday, December 13th. Valley National Bancorp’s dividend payout ratio (DPR) is presently 63.77%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.