Caxton Associates LP Has $1.47 Million Position in Valley National Bancorp (NASDAQ:VLY)

Caxton Associates LP increased its position in Valley National Bancorp (NASDAQ:VLY - Free Report) by 578.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,827 shares of the company's stock after purchasing an additional 179,749 shares during the period. Caxton Associates LP's holdings in Valley National Bancorp were worth $1,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Valley National Bancorp during the fourth quarter valued at $49,734,000. United Services Automobile Association grew its holdings in shares of Valley National Bancorp by 15.7% during the fourth quarter. United Services Automobile Association now owns 36,636 shares of the company's stock valued at $398,000 after purchasing an additional 4,966 shares during the last quarter. TFO Wealth Partners LLC raised its position in shares of Valley National Bancorp by 54,375.0% during the 4th quarter. TFO Wealth Partners LLC now owns 26,148 shares of the company's stock worth $284,000 after purchasing an additional 26,100 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Valley National Bancorp during the 4th quarter worth approximately $754,000. Finally, Rafferty Asset Management LLC boosted its position in Valley National Bancorp by 50.2% during the 4th quarter. Rafferty Asset Management LLC now owns 811,248 shares of the company's stock valued at $8,810,000 after purchasing an additional 271,264 shares during the period. 61.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VLY has been the subject of several analyst reports. StockNews.com downgraded shares of Valley National Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, August 14th. Wedbush upped their target price on shares of Valley National Bancorp from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday. Barclays cut their price target on Valley National Bancorp from $8.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, June 24th. JPMorgan Chase & Co. decreased their price objective on Valley National Bancorp from $8.50 to $8.00 and set a "neutral" rating for the company in a report on Thursday, June 27th. Finally, Royal Bank of Canada lifted their target price on Valley National Bancorp from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Valley National Bancorp has a consensus rating of "Hold" and a consensus target price of $8.56.

Valley National Bancorp Trading Up 1.7 %

Shares of NASDAQ:VLY traded up $0.15 during mid-day trading on Thursday, hitting $8.81. The stock had a trading volume of 3,530,559 shares, compared to its average volume of 5,977,616. The company's 50 day moving average is $8.32 and its 200-day moving average is $7.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 0.99. Valley National Bancorp has a 12-month low of $6.47 and a 12-month high of $11.22. The company has a market cap of $4.49 billion, a PE ratio of 10.32 and a beta of 1.08.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). Valley National Bancorp had a net margin of 10.79% and a return on equity of 6.53%. The company had revenue of $884.68 million for the quarter, compared to analyst estimates of $458.67 million. During the same period last year, the business earned $0.28 EPS. On average, sell-side analysts predict that Valley National Bancorp will post 0.7 EPS for the current year.

Valley National Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, September 13th. Valley National Bancorp's dividend payout ratio is 51.76%.

Valley National Bancorp Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.