Shares of Valley National Bancorp (NYSE:VLY) dropped 1.2% during mid-day trading on Monday . The company traded as low as $9.33 and last traded at $9.36, with a volume of 785,328 shares changing hands. The stock had previously closed at $9.47.

VLY has been the subject of a number of research analyst reports. Zacks Investment Research lowered Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. TheStreet upgraded Valley National Bancorp from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.10.

The stock has a market capitalization of $2.37 billion and a price-to-earnings ratio of 21.67. The stock has a 50 day moving average of $9.19 and a 200 day moving average of $9.22.

Valley National Bancorp (NYSE:VLY) last released its earnings results on Wednesday, April 27th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. During the same period in the previous year, the business earned $0.13 EPS. Equities research analysts predict that Valley National Bancorp will post $0.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Monday, June 13th.

In other Valley National Bancorp news, COO Peter P. Crocitto sold 3,175 shares of Valley National Bancorp stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $9.44, for a total transaction of $29,972.00. Following the completion of the sale, the chief operating officer now owns 400,576 shares of the company’s stock, valued at approximately $3,781,437.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Guilfoile sold 10,000 shares of Valley National Bancorp stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $9.11, for a total transaction of $91,100.00. Following the sale, the director now directly owns 254,631 shares of the company’s stock, valued at approximately $2,319,688.41. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Valley National Bancorp by 0.8% in the fourth quarter. Rhumbline Advisers now owns 501,438 shares of the financial services provider’s stock worth $4,939,000 after buying an additional 4,000 shares in the last quarter. Principal Financial Group Inc. raised its stake in Valley National Bancorp by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 717,687 shares of the financial services provider’s stock worth $7,069,000 after buying an additional 6,459 shares in the last quarter. California State Teachers Retirement System raised its stake in Valley National Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 430,903 shares of the financial services provider’s stock worth $4,244,000 after buying an additional 6,826 shares in the last quarter. Swiss National Bank raised its stake in Valley National Bancorp by 3.0% in the fourth quarter. Swiss National Bank now owns 320,700 shares of the financial services provider’s stock worth $3,159,000 after buying an additional 9,300 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Valley National Bancorp by 5.4% in the fourth quarter. New York State Common Retirement Fund now owns 223,700 shares of the financial services provider’s stock worth $2,203,000 after buying an additional 11,400 shares in the last quarter.

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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