Valley National Bancorp (NASDAQ:VLY) Stock Holdings Increased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of Valley National Bancorp (NASDAQ:VLY) by 8.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,799 shares of the company’s stock after purchasing an additional 19,622 shares during the period. Mutual of America Capital Management LLC’s holdings in Valley National Bancorp were worth $2,272,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Valley National Bancorp during the 3rd quarter valued at $25,000. R Squared Ltd acquired a new stake in Valley National Bancorp during the fourth quarter valued at $25,000. International Assets Investment Management LLC grew its stake in Valley National Bancorp by 557.0% in the third quarter. International Assets Investment Management LLC now owns 8,679 shares of the company’s stock valued at $79,000 after purchasing an additional 7,358 shares in the last quarter. Sapient Capital LLC acquired a new position in Valley National Bancorp in the 4th quarter worth about $103,000. Finally, Empowered Funds LLC raised its stake in shares of Valley National Bancorp by 12.0% during the 4th quarter. Empowered Funds LLC now owns 12,812 shares of the company’s stock worth $116,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Insider Activity

In other news, EVP Joseph Chillura sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $10.21, for a total transaction of $510,500.00. Following the transaction, the executive vice president now owns 495,249 shares in the company, valued at approximately $5,056,492.29. The trade was a 9.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VLY shares. Royal Bank of Canada boosted their price target on Valley National Bancorp from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Barclays raised their price target on shares of Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. 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 report on Friday, January 24th. Finally, Stephens restated an “overweight” rating and set a $12.50 target price on shares of Valley National Bancorp in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Valley National Bancorp presently has a consensus rating of “Hold” and an average target price of $10.67.

Valley National Bancorp Stock Performance

Shares of VLY opened at $8.98 on Friday. The company has a market capitalization of $5.03 billion, a PE ratio of 13.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98. Valley National Bancorp has a one year low of $6.47 and a one year high of $11.10. The company’s fifty day moving average price is $9.64 and its 200 day moving average price is $9.46.

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 return on equity of 5.14% and a net margin of 10.62%. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, analysts expect that Valley National Bancorp will post 0.99 earnings per share for the current year.

Valley National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.90%. Valley National Bancorp’s dividend payout ratio (DPR) is presently 63.77%.

Valley National Bancorp 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.