Shelton Capital Management maintained its position in shares of Valley National Bancorp (NYSE:VLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,192 shares of the financial services provider’s stock at the end of the second quarter. Shelton Capital Management’s holdings in Valley National Bancorp were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Valley National Bancorp by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 817 shares in the last quarter. Advisor Group Inc. lifted its holdings in Valley National Bancorp by 26.2% during the second quarter. Advisor Group Inc. now owns 9,795 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,031 shares in the last quarter. MCF Advisors LLC purchased a new position in Valley National Bancorp during the second quarter valued at $118,000. HRT Financial LLC purchased a new position in Valley National Bancorp during the second quarter valued at $120,000. Finally, Ffcm LLC lifted its holdings in Valley National Bancorp by 222.4% during the second quarter. Ffcm LLC now owns 10,262 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 7,079 shares in the last quarter. 61.89% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. BidaskClub downgraded shares of Valley National Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $11.50 price objective (up from $11.00) on shares of Valley National Bancorp in a report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $13.00 price objective on shares of Valley National Bancorp in a report on Friday, September 29th. Finally, Hovde Group raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Valley National Bancorp has a consensus rating of “Hold” and an average target price of $12.67.

In related news, Director Mary Guilfoile sold 39,495 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $11.91, for a total value of $470,385.45. Following the sale, the director now directly owns 258,719 shares in the company, valued at approximately $3,081,343.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.07% of the stock is owned by insiders.

Valley National Bancorp (VLY) opened at 11.93 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 17.04 and a beta of 0.91. Valley National Bancorp has a 1-year low of $9.49 and a 1-year high of $12.82. The stock has a 50 day moving average of $11.45 and a 200 day moving average of $11.64.

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, hitting the consensus estimate of $0.18. Valley National Bancorp had a net margin of 20.73% and a return on equity of 8.39%. The business had revenue of $195.79 million for the quarter, compared to analyst estimates of $190.83 million. During the same period in the previous year, the firm earned $0.15 EPS. On average, analysts expect that Valley National Bancorp will post $0.71 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.11 dividend. The ex-dividend date was Thursday, September 14th. Valley National Bancorp’s dividend payout ratio is presently 62.86%.

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About Valley National Bancorp

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.

Institutional Ownership by Quarter for Valley National Bancorp (NYSE:VLY)

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