39,154 Shares in Valley National Bancorp $VLY Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new position in Valley National Bancorp (NASDAQ:VLY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,154 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds have also recently added to or reduced their stakes in VLY. Azora Capital LP acquired a new position in Valley National Bancorp in the third quarter worth approximately $103,120,000. UBS Group AG increased its holdings in Valley National Bancorp by 404.7% in the third quarter. UBS Group AG now owns 5,867,611 shares of the company’s stock worth $62,197,000 after buying an additional 4,704,971 shares during the last quarter. Holocene Advisors LP acquired a new position in Valley National Bancorp during the third quarter valued at approximately $34,593,000. Artemis Investment Management LLP grew its holdings in Valley National Bancorp by 252.9% during the fourth quarter. Artemis Investment Management LLP now owns 3,910,203 shares of the company’s stock valued at $45,671,000 after purchasing an additional 2,802,080 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Valley National Bancorp during the third quarter valued at approximately $27,607,000. Institutional investors and hedge funds own 61.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VLY. Keefe, Bruyette & Woods increased their price target on Valley National Bancorp from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target (up from $14.00) on shares of Valley National Bancorp in a report on Wednesday, May 6th. TD Cowen increased their price target on Valley National Bancorp from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, April 27th. Weiss Ratings upgraded Valley National Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, Cantor Fitzgerald increased their price target on Valley National Bancorp from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

Valley National Bancorp Trading Down 0.4%

Shares of Valley National Bancorp stock opened at $13.64 on Thursday. The company’s fifty day simple moving average is $12.96 and its 200-day simple moving average is $12.38. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 12.29 and a beta of 1.04. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. Valley National Bancorp has a 1 year low of $8.36 and a 1 year high of $14.12.

Valley National Bancorp (NASDAQ:VLY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $531.89 million. Valley National Bancorp had a net margin of 18.61% and a return on equity of 8.68%. During the same quarter last year, the company posted $0.18 earnings per share. As a group, sell-side analysts expect that Valley National Bancorp will post 1.29 EPS for the current year.

Valley National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.11 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.2%. Valley National Bancorp’s dividend payout ratio (DPR) is presently 39.64%.

Insider Activity

In other news, COO Russell Barrett sold 90,537 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $13.54, for a total value of $1,225,870.98. Following the sale, the chief operating officer owned 64,167 shares in the company, valued at approximately $868,821.18. This trade represents a 58.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Valley National Bancorp Profile

Valley National Bancorp (NASDAQ: VLY) is a regional bank holding company headquartered in Wayne, New Jersey, offering a comprehensive suite of commercial and consumer banking products and services. Through its banking subsidiary, Valley National Bank, the company provides deposit accounts, residential and commercial lending, mortgage services, treasury and cash management, foreign exchange and trade finance solutions. Complementary wealth management and insurance offerings round out its financial services platform, catering to individual, small-business and corporate clients.

Tracing its roots to the establishment of Wayne National Bank in 1927, Valley has grown into one of the largest banks in New Jersey by both assets and deposit share.