Corient Private Wealth LLC Has $666,000 Stock Holdings in Valley National Bancorp (NASDAQ:VLY)

Corient Private Wealth LLC decreased its stake in Valley National Bancorp (NASDAQ:VLY) by 38.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,529 shares of the company’s stock after selling 46,901 shares during the period. Corient Private Wealth LLC’s holdings in Valley National Bancorp were worth $666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Valley National Bancorp in the fourth quarter valued at $25,000. Sapient Capital LLC acquired a new stake in shares of Valley National Bancorp during the 4th quarter worth approximately $103,000. Empowered Funds LLC lifted its holdings in shares of Valley National Bancorp by 12.0% in the fourth quarter. Empowered Funds LLC now owns 12,812 shares of the company’s stock worth $116,000 after acquiring an additional 1,371 shares during the last quarter. Townsquare Capital LLC boosted its position in Valley National Bancorp by 11.8% in the third quarter. Townsquare Capital LLC now owns 14,365 shares of the company’s stock valued at $130,000 after buying an additional 1,521 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in Valley National Bancorp during the 3rd quarter worth $154,000. Institutional investors and hedge funds own 61.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VLY. Stephens restated an “overweight” rating and set a $12.50 price target on shares of Valley National Bancorp in a report on Thursday, January 2nd. Barclays lifted their price objective on shares of Valley National Bancorp from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their target price 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. Royal Bank of Canada lifted their price objective on Valley National Bancorp from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Citigroup increased their target price 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.78.

Insider Buying and Selling at Valley National Bancorp

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

Valley National Bancorp Trading Down 2.2 %

NASDAQ VLY opened at $8.78 on Friday. Valley National Bancorp has a 12 month low of $6.47 and a 12 month high of $11.10. The company’s 50-day moving average price is $9.56 and its 200-day moving average price is $9.50. The stock has a market cap of $4.92 billion, a PE ratio of 12.72 and a beta of 1.11. 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 (NASDAQ:VLY) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Valley National Bancorp had a net margin of 10.62% and a return on equity of 5.14%. During the same quarter in the prior year, the company posted $0.22 EPS. Equities research analysts forecast that Valley National Bancorp will post 0.99 earnings per share for the current year.

Valley National Bancorp Announces Dividend

The company 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 $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 5.01%. Valley National Bancorp’s dividend payout ratio is currently 63.77%.

Valley National Bancorp Company 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.