Stieven Capital Advisors L.P. Has $12.36 Million Holdings in Valley National Bancorp (NASDAQ:VLY)

Stieven Capital Advisors L.P. lifted its position in shares of Valley National Bancorp (NASDAQ:VLY - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,363,666 shares of the company's stock after purchasing an additional 339,200 shares during the quarter. Valley National Bancorp accounts for 2.2% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 18th largest position. Stieven Capital Advisors L.P. owned approximately 0.27% of Valley National Bancorp worth $12,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLY. Geode Capital Management LLC lifted its position in Valley National Bancorp by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,164,934 shares of the company's stock valued at $101,170,000 after acquiring an additional 300,385 shares in the last quarter. Wellington Management Group LLP lifted its position in Valley National Bancorp by 384.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,970,862 shares of the company's stock valued at $81,276,000 after acquiring an additional 7,118,044 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Valley National Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,971,223 shares of the company's stock valued at $63,159,000 after acquiring an additional 98,574 shares in the last quarter. Victory Capital Management Inc. lifted its position in Valley National Bancorp by 1,501.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,685 shares of the company's stock valued at $51,431,000 after acquiring an additional 5,322,278 shares in the last quarter. Finally, Basswood Capital Management L.L.C. bought a new stake in Valley National Bancorp in the 3rd quarter valued at $19,399,000. 61.00% of the stock is owned by institutional investors.

Insider Activity at Valley National Bancorp

In other Valley National Bancorp news, EVP Joseph Chillura sold 50,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $10.21, for a total transaction of $510,500.00. Following the transaction, the executive vice president now owns 495,249 shares in the company, valued at $5,056,492.29. This represents a 9.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VLY. Royal Bank of Canada boosted their price objective on shares of Valley National Bancorp from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Citigroup boosted their price objective on shares of Valley National Bancorp from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. StockNews.com cut shares of Valley National Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on shares of Valley National Bancorp from $10.50 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Wedbush reissued a "neutral" rating and set a $10.00 price target on shares of Valley National Bancorp in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Valley National Bancorp presently has a consensus rating of "Hold" and an average target price of $10.67.

Valley National Bancorp Stock Performance

Shares of Valley National Bancorp stock traded down $0.02 during trading on Wednesday, hitting $10.03. 5,642,942 shares of the stock were exchanged, compared to its average volume of 8,725,063. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The company has a fifty day moving average price of $9.65 and a 200-day moving average price of $9.34. Valley National Bancorp has a 1-year low of $6.47 and a 1-year high of $11.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a net margin of 10.62% and a return on equity of 5.14%. During the same quarter last year, the business posted $0.22 earnings per share. As a group, equities analysts predict that Valley National Bancorp will post 0.99 EPS for the current fiscal year.

Valley National Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.44 dividend on an annualized basis and a yield of 4.39%. Valley National Bancorp's dividend payout ratio (DPR) is currently 63.77%.

About Valley National Bancorp

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.