Valley National Bancorp (NASDAQ:VLY) Stock Holdings Lifted by Atria Investments Inc

Atria Investments Inc lifted its holdings in Valley National Bancorp (NASDAQ:VLY) by 16.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,944 shares of the company’s stock after buying an additional 6,746 shares during the quarter. Atria Investments Inc’s holdings in Valley National Bancorp were worth $425,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VLY. Victory Capital Management Inc. lifted its position in Valley National Bancorp by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,211,531 shares of the company’s stock valued at $56,276,000 after purchasing an additional 534,846 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Valley National Bancorp by 9.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,612,156 shares of the company’s stock valued at $68,966,000 after purchasing an additional 640,933 shares during the last quarter. State of Michigan Retirement System lifted its position in Valley National Bancorp by 10.7% in the 4th quarter. State of Michigan Retirement System now owns 112,481 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,900 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Valley National Bancorp by 8.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 250,799 shares of the company’s stock valued at $2,272,000 after purchasing an additional 19,622 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Valley National Bancorp in the 4th quarter valued at about $895,000. 61.00% of the stock is currently owned by institutional investors.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $8.80 on Monday. The firm has a fifty day simple moving average of $9.60 and a 200-day simple moving average of $9.48. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. Valley National Bancorp has a 1-year low of $6.47 and a 1-year high of $11.10. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.75 and a beta of 1.11.

Valley National Bancorp (NASDAQ:VLY) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.13 earnings per share 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 quarter last year, the firm earned $0.22 earnings per share. On average, sell-side analysts expect that Valley National Bancorp will post 0.99 earnings per share for the current year.

Valley National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Friday, March 14th. Valley National Bancorp’s dividend payout ratio (DPR) is currently 63.77%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have commented on VLY. JPMorgan Chase & Co. boosted their price target 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, 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. Citigroup boosted their price target on shares of Valley National Bancorp from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays boosted their price target on shares of Valley National Bancorp from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Stephens restated an “overweight” rating and set a $12.50 price target on shares of Valley National Bancorp in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.67.

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.