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

June 27, 2018 - By Ashley Bratcher

During 2018 Q1 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 dived. 80 grew holdings while 29 funds amassed holdings. Funds hold 178.23 million shares thus 7.90% more from 2017Q4’s 165.19 million shares.
Greenwich Wealth Ltd Com owns 13,177 shs for 0.03% of their capital. Kansas-based Meritage Management has invested 0.41% in Valley National Bancorp (NYSE:VLY). Cetera Advisor Ntwk Lc reported 0.02% of its capital in Valley National Bancorp (NYSE:VLY). The Vermont-based Trust Com Of Vermont has invested 0.01% in Valley National Bancorp (NYSE:VLY). Sei Invests Company, a Pennsylvania-based fund reported 211,140 shs. First Trust Advsrs Lp accumulated 304,692 shs. Advisory Network Ltd invested in 0% or 2,984 shs. Texas Yale Capital Corp accumulated 869,571 shs. Citadel Advsr Lc stated it has 37,171 shs or 0% of all its holdings. Fuller Thaler Asset invested in 3,600 shs. Peapack Gladstone Corp, a New Jersey-based fund reported 15,829 shs. Ubs Asset Americas invested 0% of its capital in Valley National Bancorp (NYSE:VLY). Shelton Cap Management reported 0.02% in Valley National Bancorp (NYSE:VLY). Moreover, Century Companies has 0.05% invested in Valley National Bancorp (NYSE:VLY). Amalgamated National Bank holds 0.01% or 36,777 shs.

Valley National Bancorp registered $6.81 million net activity with 2 buys and 5 selling transactions since January 29, 2018. On Monday, January 29 3,433 shs were bought by Baum Peter J, worth $43,613. 175,300 Valley National Bancorp (NYSE:VLY) shs with value of $2.24M were sold by Steans Jennifer W. $24,945 worth of stock was bought by LENNER MARC J on Monday, February 5. Shares for $236,079 were sold by GUILFOILE MARY on Tuesday, May 8. LIPKIN GERALD H had sold 260,065 shs worth $3.33 million on Friday, May 25. KORDE GERALD sold $66,350 worth of stock.

Change of 7.06% for Valley National Bancorp (NYSE:VLY)’s short interest was noted. In June was issued VLY’s total 13.68M 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 restore its previous position. Float short on Valley National Bancorp is 5.37%.

VLY touched $12.46 during the last trading session after $0.13 change.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 firm is worth $4.13 billion. 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

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

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

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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