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

Jackson Creek Investment Advisors LLC bought a new position in Valley National Bancorp (NASDAQ:VLY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 39,154 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VLY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Valley National Bancorp by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 282,143 shares of the company’s stock worth $2,508,000 after purchasing an additional 15,771 shares during the period. Jones Financial Companies Lllp bought a new position in Valley National Bancorp in the first quarter worth $191,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Valley National Bancorp by 21.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,445,644 shares of the company’s stock worth $12,852,000 after purchasing an additional 255,870 shares during the period. Focus Partners Wealth lifted its position in Valley National Bancorp by 34.9% in the first quarter. Focus Partners Wealth now owns 60,868 shares of the company’s stock worth $541,000 after purchasing an additional 15,761 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in Valley National Bancorp in the second quarter worth $119,000. 61.00% of the stock is owned by institutional investors.

Insider Activity

In other Valley National Bancorp news, COO Russell Barrett sold 90,537 shares of Valley National Bancorp stock in a transaction on Monday, April 27th. The stock was sold at an average price of $13.54, for a total transaction of $1,225,870.98. Following the completion of the transaction, the chief operating officer directly owned 64,167 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VLY. JPMorgan Chase & Co. raised their target price on Valley National Bancorp from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Hovde Group raised their target price on Valley National Bancorp from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial raised Valley National Bancorp from a “market perform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research report on Friday, January 30th. National Bank Financial set a $17.00 price objective on Valley National Bancorp in a report on Monday, April 27th. Finally, Barclays lifted their price objective on Valley National Bancorp from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.13.

Valley National Bancorp Stock Down 0.4%

Shares of NASDAQ VLY opened at $13.64 on Thursday. The stock has a market cap of $7.56 billion, a PE ratio of 12.29 and a beta of 1.04. The business has a fifty day moving average of $12.96 and a two-hundred day moving average of $12.38. Valley National Bancorp has a 52-week low of $8.36 and a 52-week high of $14.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 0.96.

Valley National Bancorp (NASDAQ:VLY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $531.89 million. Valley National Bancorp had a return on equity of 8.68% and a net margin of 18.61%.During the same period last year, the business earned $0.18 earnings per share. As a group, equities research analysts expect that Valley National Bancorp will post 1.29 earnings per share for the current fiscal year.

Valley National Bancorp Announces Dividend

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

Valley National Bancorp Company 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.