California Public Employees Retirement System Purchases 97,699 Shares of Valley National Bancorp $VLY

California Public Employees Retirement System grew its holdings in Valley National Bancorp (NASDAQ:VLY) by 11.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 972,581 shares of the company’s stock after acquiring an additional 97,699 shares during the period. California Public Employees Retirement System’s holdings in Valley National Bancorp were worth $11,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Valley National Bancorp by 123.7% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $26,000 after purchasing an additional 1,189 shares during the period. Sanctuary Advisors LLC boosted its stake in Valley National Bancorp by 23.5% in the first quarter. Sanctuary Advisors LLC now owns 14,321 shares of the company’s stock valued at $176,000 after buying an additional 2,724 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Valley National Bancorp by 3,739.7% in the first quarter. Hillsdale Investment Management Inc. now owns 28,030 shares of the company’s stock valued at $344,000 after acquiring an additional 27,300 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Valley National Bancorp by 45.1% during the first quarter. Bleakley Financial Group LLC now owns 25,526 shares of the company’s stock worth $313,000 after acquiring an additional 7,940 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Valley National Bancorp by 1.7% during the first quarter. State of Michigan Retirement System now owns 115,181 shares of the company’s stock worth $1,414,000 after acquiring an additional 1,900 shares in the last quarter. 61.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VLY has been the subject of several research reports. Morgan Stanley reiterated a “positive” rating on shares of Valley National Bancorp in a research report on Monday, June 29th. 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, May 26th. JPMorgan Chase & Co. reduced their price target on Valley National Bancorp from $17.50 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Valley National Bancorp in a research report on Monday, July 6th. Finally, Truist Financial increased their price target on Valley National Bancorp from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.03.

Valley National Bancorp Stock Performance

VLY stock opened at $14.34 on Friday. The firm has a market cap of $7.95 billion, a PE ratio of 12.15 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Valley National Bancorp has a 12-month low of $8.95 and a 12-month high of $15.20. The business has a 50 day moving average of $14.22 and a 200-day moving average of $13.23.

Valley National Bancorp (NASDAQ:VLY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Valley National Bancorp had a net margin of 19.49% and a return on equity of 9.13%. The business had revenue of $560.74 million for the quarter, compared to analysts’ expectations of $557.16 million. During the same period last year, the company earned $0.23 earnings per share. Valley National Bancorp’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Valley National Bancorp will post 1.3 earnings per share for the current year.

Valley National Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Valley National Bancorp’s payout ratio is 39.64%.

Key Valley National Bancorp News

Here are the key news stories impacting Valley National Bancorp this week:

• Positive Sentiment: JPMorgan Chase & Co. kept an Overweight rating on Valley National Bancorp and trimmed its price target only modestly to $17.00 from $17.50, signaling continued confidence in upside from current levels. JPMorgan price target update
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $16.00 from $15.00, suggesting analysts still see room for the shares to recover despite the earnings miss. KBW price target update
• Positive Sentiment: Valley National posted year-over-year revenue growth of 13.3%, helped by stronger net interest income and non-interest income, and provisions were lower, which supports the longer-term earnings outlook. Second quarter 2026 results
• Neutral Sentiment: Adjusted second-quarter EPS came in at $0.30 versus the consensus $0.31, a very small miss that was offset by slightly better-than-expected revenue. Second quarter 2026 results
• Negative Sentiment: The main drag on the stock is that higher expenses kept Valley National from fully beating earnings estimates, limiting enthusiasm around an otherwise solid quarter. Earnings miss analysis

Insiders Place Their Bets

In related news, CAO Mitchell L. Crandell sold 25,495 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $14.63, for a total value of $372,991.85. Following the sale, the chief accounting officer directly owned 76,116 shares of the company’s stock, valued at $1,113,577.08. This trade represents a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Russell Barrett sold 90,537 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 64,167 shares of the company’s stock, valued at approximately $868,821.18. This represents a 58.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.