Valley National Bancorp (NYSE:VLY) Director Mary Guilfoile sold 5,140 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $11.92, for a total value of $61,268.80. Following the sale, the director now owns 258,719 shares of the company’s stock, valued at approximately $3,083,930.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Valley National Bancorp (NYSE:VLY) opened at 11.91 on Monday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 17.01 and a beta of 0.90. The stock has a 50 day moving average price of $11.81 and a 200-day moving average price of $11.87. Valley National Bancorp has a one year low of $9.09 and a one year high of $12.82.

Valley National Bancorp (NYSE:VLY) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $195.79 million for the quarter, compared to analyst estimates of $190.83 million. Valley National Bancorp had a return on equity of 8.39% and a net margin of 20.73%. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts anticipate that Valley National Bancorp will post $0.71 earnings per share for the current year.

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VLY has been the subject of several research analyst reports. BidaskClub upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered Valley National Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Wedbush reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Valley National Bancorp in a research note on Tuesday, June 27th. ValuEngine raised Valley National Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods raised Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.08.

Institutional investors have recently modified their holdings of the company. Amalgamated Bank raised its position in shares of Valley National Bancorp by 0.3% in the first quarter. Amalgamated Bank now owns 34,972 shares of the financial services provider’s stock valued at $413,000 after buying an additional 103 shares during the last quarter. Condor Capital Management raised its position in shares of Valley National Bancorp by 0.8% in the first quarter. Condor Capital Management now owns 36,509 shares of the financial services provider’s stock valued at $431,000 after buying an additional 291 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Valley National Bancorp by 2.1% in the first quarter. LS Investment Advisors LLC now owns 17,867 shares of the financial services provider’s stock valued at $211,000 after buying an additional 363 shares during the last quarter. World Asset Management Inc raised its position in shares of Valley National Bancorp by 2.3% in the second quarter. World Asset Management Inc now owns 16,510 shares of the financial services provider’s stock valued at $195,000 after buying an additional 377 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Valley National Bancorp by 5.1% in the first quarter. Private Advisor Group LLC now owns 15,831 shares of the financial services provider’s stock valued at $183,000 after buying an additional 771 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

Valley National Bancorp Company Profile

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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