Valley National Bancorp $VLY is Endeavour Capital Advisors Inc.’s 9th Largest Position

Endeavour Capital Advisors Inc. increased its stake in Valley National Bancorp (NASDAQ:VLY) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,474,241 shares of the company’s stock after buying an additional 76,842 shares during the period. Valley National Bancorp accounts for about 4.7% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 9th largest position. Endeavour Capital Advisors Inc. owned 0.26% of Valley National Bancorp worth $15,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in VLY. Northwestern Mutual Investment Management Company LLC increased its position in shares of Valley National Bancorp by 0.9% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 107,294 shares of the company’s stock worth $1,137,000 after acquiring an additional 951 shares during the period. New York State Common Retirement Fund grew its stake in Valley National Bancorp by 0.8% in the third quarter. New York State Common Retirement Fund now owns 145,783 shares of the company’s stock worth $1,545,000 after purchasing an additional 1,200 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Valley National Bancorp by 2.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 58,581 shares of the company’s stock worth $621,000 after purchasing an additional 1,542 shares during the period. GAMMA Investing LLC raised its position in Valley National Bancorp by 16.3% during the 3rd quarter. GAMMA Investing LLC now owns 11,368 shares of the company’s stock valued at $121,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Ignite Planners LLC raised its position in Valley National Bancorp by 2.5% during the 2nd quarter. Ignite Planners LLC now owns 66,506 shares of the company’s stock valued at $632,000 after purchasing an additional 1,617 shares in the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Valley National Bancorp Trading Down 1.1%

NASDAQ:VLY opened at $13.27 on Thursday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 13.14 and a beta of 1.10. Valley National Bancorp has a 52 week low of $7.48 and a 52 week high of $13.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $12.35 and a 200 day moving average of $11.22.

Valley National Bancorp (NASDAQ:VLY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Valley National Bancorp had a net margin of 17.11% and a return on equity of 7.92%. The business had revenue of $541.25 million for the quarter, compared to analyst estimates of $524.31 million. During the same period in the previous year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Valley National Bancorp will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Valley National Bancorp news, Director Carlos J. Vazquez purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $13.45 per share, for a total transaction of $33,625.00. Following the completion of the purchase, the director owned 4,252 shares of the company’s stock, valued at approximately $57,189.40. The trade was a 142.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Valley National Bancorp from $14.00 to $14.50 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Zacks Research cut shares of Valley National Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Raymond James Financial upgraded shares of Valley National Bancorp from a “market perform” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Valley National Bancorp in a research report on Monday, February 2nd. Finally, Hovde Group increased their price objective on shares of Valley National Bancorp from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.20.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLY) is a regional bank holding company headquartered in Wayne, New Jersey, offering a comprehensive suite of commercial and consumer banking products and services. Through its banking subsidiary, Valley National Bank, the company provides deposit accounts, residential and commercial lending, mortgage services, treasury and cash management, foreign exchange and trade finance solutions. Complementary wealth management and insurance offerings round out its financial services platform, catering to individual, small-business and corporate clients.

Tracing its roots to the establishment of Wayne National Bank in 1927, Valley has grown into one of the largest banks in New Jersey by both assets and deposit share.