Xponance Inc. Increases Holdings in Valley National Bancorp (NASDAQ:VLY)

Xponance Inc. lifted its position in Valley National Bancorp (NASDAQ:VLY) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,588 shares of the company’s stock after buying an additional 8,032 shares during the period. Xponance Inc.’s holdings in Valley National Bancorp were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Valley National Bancorp during the fourth quarter valued at approximately $25,000. Sapient Capital LLC bought a new stake in shares of Valley National Bancorp during the 4th quarter valued at $103,000. Empowered Funds LLC increased its stake in shares of Valley National Bancorp by 12.0% in 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. Townsquare Capital LLC increased its stake in shares of Valley National Bancorp by 11.8% in the 3rd quarter. Townsquare Capital LLC now owns 14,365 shares of the company’s stock worth $130,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in Valley National Bancorp in the 3rd quarter worth $154,000. Institutional investors own 61.00% of the company’s stock.

Insider Activity at Valley National Bancorp

In related news, EVP Joseph Chillura sold 50,000 shares of the company’s stock in a transaction 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 $5,056,492.29. This represents a 9.17 % 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. 1.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on VLY shares. JPMorgan Chase & Co. upped their price target on Valley National Bancorp from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $12.50 price objective on shares of Valley National Bancorp in a research note on Thursday, January 2nd. Royal Bank of Canada raised their target price on shares of Valley National Bancorp from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup upped 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. Finally, Barclays raised their price objective on shares of Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.78.

Valley National Bancorp Price Performance

VLY stock opened at $9.11 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 0.98. The company’s fifty day moving average price is $9.60 and its 200-day moving average price is $9.50. Valley National Bancorp has a one year low of $6.47 and a one year high of $11.10. The company has a market capitalization of $5.10 billion, a PE ratio of 13.20 and a beta of 1.11.

Valley National Bancorp (NASDAQ:VLY) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.13 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 quarter in the previous year, the firm posted $0.22 earnings per share. On average, equities analysts anticipate that Valley National Bancorp will post 0.99 EPS for the current fiscal year.

Valley National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Friday, March 14th. Valley National Bancorp’s payout ratio is presently 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.