Linden Thomas Advisory Services LLC Has $506,000 Stake in Valley National Bancorp (NASDAQ:VLY)

Linden Thomas Advisory Services LLC decreased its holdings in Valley National Bancorp (NASDAQ:VLY) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,880 shares of the company’s stock after selling 1,952 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Valley National Bancorp were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Valley National Bancorp in the 3rd quarter valued at approximately $25,000. Blue Trust Inc. raised its position in shares of Valley National Bancorp by 48.2% in the 3rd quarter. Blue Trust Inc. now owns 4,809 shares of the company’s stock valued at $44,000 after buying an additional 1,564 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Valley National Bancorp by 416.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 6,201 shares of the company’s stock valued at $56,000 after buying an additional 5,001 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Valley National Bancorp by 46.4% in the 3rd quarter. GAMMA Investing LLC now owns 6,791 shares of the company’s stock valued at $62,000 after buying an additional 2,151 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Valley National Bancorp by 557.0% in the 3rd quarter. International Assets Investment Management LLC now owns 8,679 shares of the company’s stock valued at $79,000 after buying an additional 7,358 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VLY shares. Citigroup dropped their target price on shares of Valley National Bancorp from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Royal Bank of Canada upped their price objective on shares of Valley National Bancorp from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens reiterated an “overweight” rating and set a $12.50 price objective on shares of Valley National Bancorp in a research report on Thursday, January 2nd. StockNews.com cut shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research 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. According to data from MarketBeat, Valley National Bancorp presently has an average rating of “Hold” and an average target price of $10.56.

Valley National Bancorp Trading Up 4.0 %

NASDAQ:VLY opened at $10.17 on Monday. The firm’s fifty day moving average is $9.75 and its 200-day moving average is $9.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 0.99. Valley National Bancorp has a 52 week low of $6.47 and a 52 week high of $11.10. The firm has a market cap of $5.18 billion, a P/E ratio of 16.40 and a beta of 1.12.

Valley National Bancorp (NASDAQ:VLY) last posted 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 net margin of 9.42% and a return on equity of 5.87%. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities analysts expect that Valley National Bancorp will post 0.64 earnings per share for the current year.

Valley National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, December 13th. This represents a $0.44 annualized dividend and a yield of 4.33%. Valley National Bancorp’s payout ratio is 63.77%.

Valley National Bancorp Company Profile

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.