Valley National Bancorp (NASDAQ:VLY) Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its holdings in Valley National Bancorp (NASDAQ:VLY) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,877,622 shares of the company’s stock after acquiring an additional 309,091 shares during the quarter. Valley National Bancorp accounts for 1.0% of Leeward Investments LLC MA’s holdings, making the stock its 28th biggest position. Leeward Investments LLC MA’s holdings in Valley National Bancorp were worth $20,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLY. SG Americas Securities LLC acquired a new stake in Valley National Bancorp during the third quarter valued at $1,614,000. Raymond James Financial Services Advisors Inc. grew its position in Valley National Bancorp by 363.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 192,963 shares of the company’s stock valued at $1,652,000 after buying an additional 151,355 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Valley National Bancorp during the third quarter valued at $93,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Valley National Bancorp by 19.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,594 shares of the company’s stock valued at $810,000 after buying an additional 15,726 shares during the period. Finally, Strs Ohio lifted its holdings in Valley National Bancorp by 26.0% during the third quarter. Strs Ohio now owns 36,800 shares of the company’s stock valued at $315,000 after purchasing an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Insider Buying and Selling at Valley National Bancorp

In other Valley National Bancorp news, EVP Joseph Chillura sold 49,715 shares of Valley National Bancorp stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.18, for a total transaction of $406,668.70. Following the completion of the sale, the executive vice president now directly owns 545,249 shares in the company, valued at $4,460,136.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on VLY shares. TheStreet downgraded shares of Valley National Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. StockNews.com downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Royal Bank of Canada decreased their price objective on shares of Valley National Bancorp from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 9th. Barclays began coverage on shares of Valley National Bancorp in a research note on Friday, March 8th. They issued an “underweight” rating and a $8.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Valley National Bancorp from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.33.

Valley National Bancorp Price Performance

Valley National Bancorp stock opened at $7.32 on Friday. Valley National Bancorp has a 12-month low of $6.39 and a 12-month high of $11.22. The stock has a market cap of $3.73 billion, a P/E ratio of 8.61 and a beta of 1.09. The company has a 50-day moving average price of $7.81 and a 200 day moving average price of $8.81. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

Valley National Bancorp (NASDAQ:VLY) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Valley National Bancorp had a return on equity of 7.74% and a net margin of 12.88%. The firm had revenue of $890.07 million for the quarter, compared to analyst estimates of $447.38 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. Sell-side analysts anticipate that Valley National Bancorp will post 0.93 earnings per share for the current year.

Valley National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend was Wednesday, March 13th. Valley National Bancorp’s payout ratio is currently 51.76%.

About Valley National Bancorp

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.