Valley National Bancorp (VLY) Trading at $12.41 Forms Double Top

June 29, 2018 - By Noel Courtney

During Q1 2018 the big money sentiment decreased to 1.12. That’s change of 0.18, from 2017Q4’s 1.3. 33 investors sold all, 64 reduced holdings as Valley National Bancorp ratio turned negative. 80 grew positions while 29 funds amassed positions. Funds hold 178.23 million shares thus 7.90% more from 2017Q4’s 165.19 million shares.
Mutual Of America Capital Mgmt Lc reported 217,884 shs stake. Advantus Cap holds 32,441 shs. Gru, a New York-based fund reported 689,106 shs. Ing Groep Nv holds 18,756 shs or 0% of its capital. Community Savings Bank Na reported 17,171 shs. Renaissance Technologies Limited Liability Corporation invested in 0.01% or 663,688 shs. Icon Advisers has invested 0.13% in Valley National Bancorp (NYSE:VLY). Cambridge Investment Advsr Inc reported 24,745 shs. Axa stated it has 0% of its capital in Valley National Bancorp (NYSE:VLY). Condor Capital Mngmt owns 31,533 shs. 47,975 were accumulated by Td Asset Inc. Century stated it has 4.08 million shs. Visionary Asset Mgmt owns 27,110 shs for 0.11% of their capital. Hallmark Cap holds 150,095 shs. Markston Ltd Liability Corporation holds 2,000 shs or 0% of its capital.

Valley National Bancorp had 5 sales and 2 buys since January 29, 2018. This’s net activity of $6.81 million. 76,000 shs were sold by JONES GRAHAM O, worth $1.00 million on Wednesday, June 6. On Friday, June 8 Shares for $66,350 were sold by KORDE GERALD. On Wednesday, May 9 a trade for 175,300 shs valued at $2.24 million was made by Steans Jennifer W. On Tuesday, May 8 Shares for $236,079 were sold by GUILFOILE MARY. LENNER MARC J bought $24,945 worth of Valley National Bancorp (NYSE:VLY) or 2,040 shs on Monday, February 5. $43,613 worth of Valley National Bancorp (NYSE:VLY) was bought by Baum Peter J on Monday, January 29.

With $13.53 target Valley National Bancorp (VLY) forms a double top. That’s 9.00 % above today’s $12.41 share price. The $4.11 billion company shows low risk because of the 7 months chart pattern. Finviz.com posted this chart pattern on Jun, 29. At $13.53 stock target, the company valuation changes by $369.99M more.

Ticker’s shares touched $12.41 during the last trading session after 0.65% change.Currently Valley National Bancorp is uptrending after 11.46% change in last June 29, 2017. VLY has 512,198 shares volume. VLY underperformed by 1.11% the S&P500.

Valley National Bancorp (NYSE:VLY) is expected to publish earnings on July, 25., according to Zacks. The EPS diference is $0.05 or 27.78 % up from last years number. Previous year: $0.18; Analysts forcast: $0.23. VLY’s profit could reach $76.19M with 13.49 P/E in case $0.23 EPS is reported. Last quarter $0.18 EPS was reported. Analysts predicts 27.78 % EPS growth this quarter.

Valley National Bancorp (NYSE:VLY) Ratings Coverage

In total 6 analysts cover Valley National (NYSE:VLY). “Buy” rating has 4, “Sell” are 0, while 2 are “Hold”. 67% are bullish. With $14.5 highest and $13.0 lowest PT Valley National has $13.90 average PT or 12.01% above the current ($12.41) price. 9 are the (NYSE:VLY)’s analyst reports since January 5, 2018 according to StockzIntelligence Inc. The company rating was maintained by Morgan Stanley on Monday, April 30. On Thursday, January 25 the stock has “Hold” rating by Sandler O’Neill. On Monday, January 29 Piper Jaffray maintained Valley National Bancorp (NYSE:VLY) with “Buy” rating. On Wednesday, January 31 the rating was maintained by Morgan Stanley with “Equal-Weight”. In Tuesday, January 30 report Hovde Group maintained the stock with “Buy” rating. The stock rating was maintained by Piper Jaffray with “Buy” on Friday, March 16. On Thursday, April 26 the firm has “Buy” rating by Sandler O’Neill given. On Friday, January 5 PiperJaffray upgraded the shares of VLY in report to “Overweight” rating.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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