Valley National Bancorp (NYSE:VLY) Director Mary Guilfoile sold 39,495 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $11.91, for a total value of $470,385.45. Following the transaction, the director now owns 258,719 shares in the company, valued at approximately $3,081,343.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Mary Guilfoile also recently made the following trade(s):
- On Wednesday, August 2nd, Mary Guilfoile sold 5,140 shares of Valley National Bancorp stock. The shares were sold at an average price of $11.92, for a total value of $61,268.80.
Valley National Bancorp (NYSE VLY) traded down 0.42% on Tuesday, hitting $11.80. The company’s stock had a trading volume of 144,399 shares. The firm has a 50 day moving average of $11.81 and a 200 day moving average of $11.87. Valley National Bancorp has a 12 month low of $9.09 and a 12 month high of $12.82. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 16.86 and a beta of 0.90.
Valley National Bancorp (NYSE:VLY) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Valley National Bancorp had a net margin of 20.73% and a return on equity of 8.39%. The firm had revenue of $195.79 million during the quarter, compared to the consensus estimate of $190.83 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Valley National Bancorp will post $0.71 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of VLY. Teachers Advisors LLC increased its stake in Valley National Bancorp by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 439,942 shares of the financial services provider’s stock valued at $5,121,000 after buying an additional 9,760 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Valley National Bancorp by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 120,441 shares of the financial services provider’s stock valued at $1,421,000 after buying an additional 1,700 shares in the last quarter. Prudential Financial Inc. increased its stake in Valley National Bancorp by 109.0% in the first quarter. Prudential Financial Inc. now owns 330,094 shares of the financial services provider’s stock valued at $3,895,000 after buying an additional 172,120 shares in the last quarter. Alliancebernstein L.P. increased its stake in Valley National Bancorp by 34.0% in the first quarter. Alliancebernstein L.P. now owns 522,944 shares of the financial services provider’s stock valued at $6,171,000 after buying an additional 132,790 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in Valley National Bancorp during the first quarter valued at $8,503,000. 61.63% of the stock is owned by hedge funds and other institutional investors.
VLY has been the topic of a number of research analyst reports. ValuEngine upgraded Valley National Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Morgan Stanley restated an “equal weight” rating and set a $11.50 price target (up previously from $11.00) on shares of Valley National Bancorp in a report on Friday, July 7th. Zacks Investment Research upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Wedbush restated a “neutral” rating and set a $12.00 price target on shares of Valley National Bancorp in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.08.
About Valley National Bancorp
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.
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