Valley National Bancorp (NYSE:VLY) Director Marc J. Lenner bought 2,040 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $12.23 per share, for a total transaction of $24,949.20. Following the purchase, the director now owns 47,001 shares of the company’s stock, valued at approximately $574,822.23. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Valley National Bancorp (NYSE VLY) traded up $0.07 on Tuesday, hitting $12.13. The stock had a trading volume of 3,650,000 shares, compared to its average volume of 2,400,000. The company has a market capitalization of $3,200.00, a PE ratio of 20.91 and a beta of 0.96. Valley National Bancorp has a 1 year low of $10.61 and a 1 year high of $12.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.98 and a current ratio of 0.98.
Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $199.57 million during the quarter, compared to analyst estimates of $194.26 million. Valley National Bancorp had a return on equity of 8.20% and a net margin of 17.08%. Valley National Bancorp’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. sell-side analysts expect that Valley National Bancorp will post 0.88 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in shares of Valley National Bancorp by 26.2% in the second quarter. Advisor Group Inc. now owns 9,795 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,031 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Valley National Bancorp in the third quarter valued at approximately $126,000. Csenge Advisory Group purchased a new stake in shares of Valley National Bancorp in the third quarter valued at approximately $145,000. Eqis Capital Management Inc. purchased a new stake in shares of Valley National Bancorp in the third quarter valued at approximately $151,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Valley National Bancorp in the second quarter valued at approximately $168,000. Hedge funds and other institutional investors own 63.85% of the company’s stock.
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Valley National Bancorp Company Profile
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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