Yousif Capital Management LLC Buys 7,818 Shares of Valley National Bancorp (NASDAQ:VLY)

Yousif Capital Management LLC boosted its position in Valley National Bancorp (NASDAQ:VLY) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,180 shares of the company’s stock after acquiring an additional 7,818 shares during the quarter. Yousif Capital Management LLC’s holdings in Valley National Bancorp were worth $1,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VLY. Geode Capital Management LLC lifted its holdings in shares of Valley National Bancorp by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,164,934 shares of the company’s stock worth $101,170,000 after acquiring an additional 300,385 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Valley National Bancorp by 384.2% during the third quarter. Wellington Management Group LLP now owns 8,970,862 shares of the company’s stock valued at $81,276,000 after buying an additional 7,118,044 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Valley National Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,971,223 shares of the company’s stock worth $63,159,000 after buying an additional 98,574 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Valley National Bancorp by 1,501.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,685 shares of the company’s stock valued at $51,431,000 after acquiring an additional 5,322,278 shares during the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in Valley National Bancorp during the 3rd quarter worth approximately $19,399,000. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Insider Transactions at Valley National Bancorp

In other news, EVP Joseph Chillura sold 50,000 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $10.21, for a total transaction of $510,500.00. Following the transaction, the executive vice president now directly owns 495,249 shares of the company’s stock, valued at $5,056,492.29. This represents a 9.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.88% of the company’s stock.

Analyst Upgrades and Downgrades

VLY has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and set a $12.50 price objective on shares of Valley National Bancorp in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Valley National Bancorp from $10.50 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Piper Sandler boosted their price target on Valley National Bancorp from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Citigroup lifted their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.67.

Valley National Bancorp Stock Down 4.4 %

VLY stock opened at $9.84 on Thursday. The business has a 50 day moving average of $9.68 and a 200 day moving average of $9.28. The firm has a market cap of $5.01 billion, a PE ratio of 14.26 and a beta of 1.12. Valley National Bancorp has a twelve month low of $6.47 and a twelve month high of $11.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.46.

Valley National Bancorp (NASDAQ:VLY) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Valley National Bancorp had a return on equity of 5.14% and a net margin of 10.62%. During the same period in the previous year, the business posted $0.22 earnings per share. On average, research analysts forecast that Valley National Bancorp will post 0.99 EPS for the current fiscal year.

Valley National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, December 13th. Valley National Bancorp’s payout ratio is 63.77%.

About Valley National Bancorp

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.