Shares of Valley National Bancorp (NYSE:VLY) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.69.

A number of equities research analysts recently weighed in on VLY shares. Zacks Investment Research raised shares of Valley National Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Saturday, January 5th. TheStreet raised shares of Valley National Bancorp from a “c+” rating to a “b-” rating in a research report on Friday, February 8th.

Shares of NYSE:VLY traded down $0.17 during trading on Monday, reaching $10.26. 1,765,115 shares of the company’s stock traded hands, compared to its average volume of 2,137,083. Valley National Bancorp has a 12 month low of $8.42 and a 12 month high of $13.37.

Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $256.75 million for the quarter, compared to analyst estimates of $253.53 million.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, March 14th.

In other Valley National Bancorp news, Director Gerald Korde sold 3,100 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $10.19, for a total transaction of $31,589.00. Following the completion of the transaction, the director now directly owns 659,111 shares of the company’s stock, valued at approximately $6,716,341.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.45% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in Valley National Bancorp during the 1st quarter valued at about $29,000. JOYN Advisors Inc. lifted its stake in shares of Valley National Bancorp by 1,410.8% in the 4th quarter. JOYN Advisors Inc. now owns 3,928 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 3,668 shares during the period. Baldwin Brothers Inc. MA acquired a new stake in shares of Valley National Bancorp in the 4th quarter worth approximately $44,000. Bruderman Asset Management LLC acquired a new stake in shares of Valley National Bancorp in the 4th quarter worth approximately $52,000. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of Valley National Bancorp by 742.9% in the 4th quarter. NumerixS Investment Technologies Inc now owns 5,900 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 5,200 shares during the period. 55.94% of the stock is owned by hedge funds and other institutional investors.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

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