Valley National Bancorp (NYSE:VLY) Director Mary Guilfoile sold 39,495 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $11.91, for a total transaction of $470,385.45. Following the completion of the sale, the director now directly owns 258,719 shares of the company’s stock, valued at $3,081,343.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mary Guilfoile also recently made the following trade(s):

  • On Wednesday, August 2nd, Mary Guilfoile sold 5,140 shares of Valley National Bancorp stock. The shares were sold at an average price of $11.92, for a total transaction of $61,268.80.

Valley National Bancorp (NYSE:VLY) traded down 0.42% during mid-day trading on Tuesday, reaching $11.80. 144,399 shares of the company’s stock were exchanged. The stock has a market cap of $3.11 billion, a P/E ratio of 16.86 and a beta of 0.90. Valley National Bancorp has a 52 week low of $9.09 and a 52 week high of $12.82. The stock has a 50-day moving average price of $11.81 and a 200-day moving average price of $11.87.

Valley National Bancorp (NYSE:VLY) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Valley National Bancorp had a return on equity of 8.39% and a net margin of 20.73%. The company had revenue of $195.79 million during the quarter, compared to analyst estimates of $190.83 million. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts forecast that Valley National Bancorp will post $0.71 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in VLY. MCF Advisors LLC bought a new stake in Valley National Bancorp during the second quarter worth $118,000. Capital Fund Management S.A. bought a new stake in Valley National Bancorp during the first quarter worth $138,000. Two Sigma Securities LLC bought a new stake in Valley National Bancorp during the first quarter worth $158,000. Creative Planning raised its stake in Valley National Bancorp by 8.1% in the second quarter. Creative Planning now owns 13,841 shares of the financial services provider’s stock worth $163,000 after buying an additional 1,041 shares during the period. Finally, Parametrica Management Ltd bought a new stake in Valley National Bancorp during the second quarter worth $166,000. 61.63% of the stock is owned by institutional investors.

VLY has been the subject of a number of research analyst reports. BidaskClub raised shares of Valley National Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Wedbush reissued a “neutral” rating and issued a $12.00 price target on shares of Valley National Bancorp in a report on Tuesday, June 27th. Keefe, Bruyette & Woods raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Thursday, July 27th. Finally, ValuEngine raised shares of Valley National Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Valley National Bancorp has a consensus rating of “Hold” and an average target price of $12.08.

About Valley National Bancorp

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.

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