Valley National Bancorp (NYSE:VLY) Director Mary Guilfoile sold 39,495 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $11.91, for a total transaction of $470,385.45. Following the completion of the transaction, the director now owns 258,719 shares in the company, valued at $3,081,343.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mary Guilfoile also recently made the following trade(s):

  • On Wednesday, August 2nd, Mary Guilfoile sold 5,140 shares of Valley National Bancorp stock. The shares were sold at an average price of $11.92, for a total transaction of $61,268.80.

Shares of Valley National Bancorp (VLY) opened at 11.69 on Thursday. The company has a market capitalization of $3.09 billion, a P/E ratio of 16.70 and a beta of 0.90. Valley National Bancorp has a one year low of $9.09 and a one year high of $12.82. The firm has a 50-day moving average of $11.81 and a 200-day moving average of $11.89.

Valley National Bancorp (NYSE:VLY) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Valley National Bancorp had a net margin of 20.73% and a return on equity of 8.39%. The firm had revenue of $195.79 million for the quarter, compared to the consensus estimate of $190.83 million. During the same period in the previous year, the company earned $0.15 earnings per share. Equities research analysts expect that Valley National Bancorp will post $0.71 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. Piper Jaffray Companies reiterated a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Valley National Bancorp in a research note on Wednesday. BidaskClub lowered shares of Valley National Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Hovde Group upgraded shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 target price on the stock in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $11.50 target price (up from $11.00) on shares of Valley National Bancorp in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.67.

Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its stake in shares of Valley National Bancorp by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 439,942 shares of the financial services provider’s stock worth $5,121,000 after buying an additional 9,760 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Valley National Bancorp by 12.6% in the first quarter. Bank of Montreal Can now owns 22,007 shares of the financial services provider’s stock worth $260,000 after buying an additional 2,466 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Valley National Bancorp by 5.9% in the first quarter. Louisiana State Employees Retirement System now owns 66,600 shares of the financial services provider’s stock worth $786,000 after buying an additional 3,700 shares during the last quarter. Boston Advisors LLC acquired a new stake in shares of Valley National Bancorp during the first quarter worth about $7,757,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Valley National Bancorp by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 120,441 shares of the financial services provider’s stock worth $1,421,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Valley National Bancorp Company Profile

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.

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