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

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 11th. TheStreet raised shares of Valley National Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.10.

The company has a 50 day moving average of $9.19 and a 200-day moving average of $9.22. The firm has a market capitalization of $2.33 billion and a P/E ratio of 21.33.

Valley National Bancorp (NYSE:VLY) last issued its earnings results on Wednesday, April 27th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. During the same quarter in the prior year, the company earned $0.13 EPS. On average, analysts predict that Valley National Bancorp will post $0.64 EPS for the current fiscal year.

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

In other news, Director Mary Guilfoile sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $9.11, for a total value of $91,100.00. Following the transaction, the director now owns 254,631 shares of the company’s stock, valued at approximately $2,319,688.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter P. Crocitto sold 3,175 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 400,576 shares in the company, valued at approximately $3,781,437.44. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Valley National Bancorp by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,639,917 shares of the financial services provider’s stock valued at $65,404,000 after buying an additional 1,210,431 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 valued at $7,069,000 after buying an additional 6,459 shares during the period. California Public Employees Retirement System raised its position in shares of Valley National Bancorp by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 675,239 shares of the financial services provider’s stock valued at $6,651,000 after buying an additional 19,800 shares during the period. Rhumbline Advisers raised its position in shares of Valley National Bancorp by 0.8% in the fourth quarter. Rhumbline Advisers now owns 501,438 shares of the financial services provider’s stock valued at $4,939,000 after buying an additional 4,000 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of 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 valued at $4,244,000 after buying an additional 6,826 shares during the period.

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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