Valley National Bancorp (NASDAQ:VLY) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in Valley National Bancorp (NASDAQ:VLY - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 657,448 shares of the company's stock after purchasing an additional 97,921 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Valley National Bancorp worth $5,956,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in Valley National Bancorp by 105.8% during the third quarter. FMR LLC now owns 32,146 shares of the company's stock worth $291,000 after acquiring an additional 16,529 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Valley National Bancorp by 11.8% during the 3rd quarter. Townsquare Capital LLC now owns 14,365 shares of the company's stock valued at $130,000 after purchasing an additional 1,521 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Valley National Bancorp by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 103,074 shares of the company's stock valued at $934,000 after buying an additional 12,669 shares during the period. Captrust Financial Advisors lifted its position in Valley National Bancorp by 9.0% in the third quarter. Captrust Financial Advisors now owns 52,610 shares of the company's stock worth $477,000 after buying an additional 4,344 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Valley National Bancorp during the third quarter worth $169,000. 61.00% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Valley National Bancorp

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

Wall Street Analysts Forecast Growth

VLY has been the subject of several recent analyst reports. Piper Sandler upgraded Valley National Bancorp from a "neutral" rating to an "overweight" rating and set a $11.00 target price for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. upped their price objective on Valley National Bancorp from $10.50 to $11.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their target price on Valley National Bancorp from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Barclays cut their price target on shares of Valley National Bancorp from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Stephens reiterated an "overweight" rating and set a $12.50 price objective on shares of Valley National Bancorp in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Valley National Bancorp currently has an average rating of "Hold" and an average target price of $10.67.

Valley National Bancorp Stock Down 8.0 %

Shares of VLY stock traded down $0.69 during trading on Thursday, reaching $7.89. The company's stock had a trading volume of 3,170,962 shares, compared to its average volume of 6,941,910. Valley National Bancorp has a 1-year low of $6.47 and a 1-year high of $11.10. The stock's 50-day moving average price is $9.24 and its 200 day moving average price is $9.48. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 11.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last announced its quarterly earnings data 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 return on equity of 5.14% and a net margin of 10.62%. During the same period last year, the company earned $0.22 EPS. On average, research analysts anticipate that Valley National Bancorp will post 0.99 EPS for the current year.

Valley National Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Friday, March 14th. Valley National Bancorp's dividend payout ratio (DPR) is 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.