Valley National Bancorp (NYSE:VLY) Sellers Rose Their Shorts By 7.06% As Of Jun 27, 2018

June 27, 2018 - By Rebecca Betts

Big Money Sentiment decreased to 1.12 in Q1 2018. It has change of 0.18, from 2017Q4’s 1.3. The ratio fall due to Valley National Bancorp positioning: 33 sold and 64 reduced. 29 funds took positions and 80 increased positions. Investors holded 165.19 million in 2017Q4 but now own 178.23 million shares or 7.90% more.
Riverhead Capital Mgmt Limited Liability Company stated it has 0.02% of its capital in Valley National Bancorp (NYSE:VLY). Mutual Of America Cap Mngmt accumulated 217,884 shs. Wells Fargo Mn invested in 0% or 881,002 shs. 5.86M were reported by Macquarie Gru. Pinebridge Invests Limited Partnership reported 57,702 shs stake. Sei Invs accumulated 211,140 shs. Dimensional Fund Advisors Lp invested in 13.51M shs or 0.07% of the stock. Amalgamated Bank holds 0.01% or 36,777 shs. First L P reported 0.01% in Valley National Bancorp (NYSE:VLY). Credit Suisse Ag has 0% invested in Valley National Bancorp (NYSE:VLY) for 212,222 shs. Automobile Association has invested 0.01% of its capital in Valley National Bancorp (NYSE:VLY). State Board Of Administration Of Florida Retirement Sys reported 0.01% stake. Ny State Common Retirement Fund has invested 0% in Valley National Bancorp (NYSE:VLY). Thompson Davis And Incorporated has invested 0.03% in Valley National Bancorp (NYSE:VLY). Sns Fincl Gp Lc reported 0.05% in Valley National Bancorp (NYSE:VLY).

Valley National Bancorp registered $6.81 million net activity with 2 insider purchases and 5 insider sales since January 29, 2018. Another trade for 5,000 shs valued at $66,350 was sold by KORDE GERALD. Shares for $1.00 million were sold by JONES GRAHAM O on Wednesday, June 6. Shares for $3.33M were sold by LIPKIN GERALD H. On Tuesday, May 8 GUILFOILE MARY also sold $236,079 worth of Valley National Bancorp (NYSE:VLY). LENNER MARC J bought $24,945 worth of stock or 2,040 shs. $2.24 million worth of Valley National Bancorp (NYSE:VLY) shs were sold by Steans Jennifer W.

Change of 7.06% for Valley National Bancorp (NYSE:VLY)’s short interest was noted. In June was announced VLY’s total 13.68 million short interest by FINRA. That’s 7.06% up from 12.77 million shares. 6 days will cost VLY with 2.38 million average volume to recover its previous position. Float short on Valley National Bancorp is 5.37%.

VLY is hitting $12.46 during the last trading session, after decreased 1.03%.Currently Valley National Bancorp is uptrending after 11.46% change in last June 27, 2017. VLY has also 543,955 shares volume. VLY underperformed the S&P 500 by 1.11%.

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services.The company has $4.13 billion market cap. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions.The P/E ratio is 23.82. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

Valley National Bancorp (NYSE:VLY) Ratings Coverage

Total analysts of 6 have positions in Valley National (NYSE:VLY) as follows: 4 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 67%. Since January 5, 2018 according to StockzIntelligence Inc Valley National has 9 analyst reports. On Tuesday, January 30 Hovde Group maintained the shares of VLY in report with “Buy” rating. On Thursday, April 26 the firm has “Buy” rating by Sandler O’Neill given. On Wednesday, January 31 the firm has “Equal-Weight” rating given by Morgan Stanley. On Friday, March 16 the rating was maintained by Piper Jaffray with “Buy”. On Monday, January 29 Piper Jaffray maintained Valley National Bancorp (NYSE:VLY) rating. Piper Jaffray has “Buy” rating and $14.0 target. On Friday, January 5 the stock has “Overweight” rating by PiperJaffray. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 30. On Thursday, January 25 the rating was maintained by Sandler O’Neill with “Hold”.

Another two news for Valley National Bancorp (NYSE:VLY) were recently published by: Bizjournals.com on June 26, 2018 with title “San Francisco fintech that cashes in home equity raises $40 million from global banks”. The other Globenewswire.com‘s article was titled “Analysis: Positioning to Benefit within Marinus Pharmaceuticals, Valley National, BB&T, Cognizant Technology …” and published on June 27, 2018.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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