Valley National Bancorp (NYSE:VLY) Director Mary Guilfoile sold 39,495 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 stock was sold at an average price of $11.92, for a total value of $61,268.80.

Shares of Valley National Bancorp (NYSE:VLY) opened at 11.84 on Wednesday. The firm’s 50-day moving average price is $11.80 and its 200-day moving average price is $11.87. The firm has a market capitalization of $3.13 billion, a PE ratio of 16.91 and a beta of 0.90. Valley National Bancorp has a 52-week low of $9.09 and a 52-week 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 Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $195.79 million during 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 period in the prior year, the company earned $0.15 earnings per share. On average, equities analysts predict that Valley National Bancorp will post $0.71 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on VLY. Wedbush restated a “neutral” rating and set a $12.00 price target on shares of Valley National Bancorp in a research note on Tuesday, June 27th. BidaskClub upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Hovde Group upgraded Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods upgraded Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.60.

Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Valley National Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the financial services provider’s stock valued at $108,000 after buying an additional 817 shares during the period. MCF Advisors LLC bought a new position in Valley National Bancorp during the second quarter valued at approximately $118,000. Capital Fund Management S.A. bought a new position in Valley National Bancorp during the first quarter valued at approximately $138,000. Two Sigma Securities LLC bought a new position in Valley National Bancorp during the first quarter valued at approximately $158,000. Finally, Creative Planning raised its position in Valley National Bancorp by 8.1% in the second quarter. Creative Planning now owns 13,841 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,041 shares during the period. 61.63% of the stock is 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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