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

June 29, 2018 - By Ricky Cave

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 dropped. 80 increased stakes while 29 funds took stakes. Funds hold 178.23 million shares thus 7.90% more from 2017Q4’s 165.19 million shares.
State Common Retirement Fund stated it has 276,400 shs or 0% of all its holdings. Fuller & Thaler Asset Management Incorporated reported 3,600 shs. Florida-based Private Cap Ltd Company has invested 0.74% in Valley National Bancorp (NYSE:VLY). United Serv Automobile Association invested 0.01% in Valley National Bancorp (NYSE:VLY). Boston Private Wealth Limited Liability Company invested in 112,316 shs or 0.05% of the stock. Teachers Retirement Of The State Of Kentucky holds 52,998 shs or 0.01% of its capital. Commercial Bank Of America Corp De reported 1.08M shs. Macquarie Gp Ltd invested in 5.86 million shs. Maltese Cap Management Llc holds 0.91% or 1.08M shs. Creative Planning holds 0% or 74,099 shs in its capital. Mendon Advisors Corp has 1.40M shs. Arizona State Retirement has 0.02% invested in Valley National Bancorp (NYSE:VLY) for 179,064 shs. South Dakota Invest Council invested in 86,500 shs or 0.02% of the stock. Pinnacle Limited holds 0.01% or 57,164 shs in its capital. Strs Ohio holds 0% or 26,400 shs.

Valley National Bancorp registered $6.81 million net activity with 2 insider buys and 5 insider sales since January 29, 2018. Shares for $1.00M were sold by JONES GRAHAM O. Shares for $66,350 were sold by KORDE GERALD. On Friday, May 25 a trade for 260,065 shs valued at $3.33 million was made by LIPKIN GERALD H. On Monday, January 29 Baum Peter J also bought $43,613 worth of Valley National Bancorp (NYSE:VLY). On Tuesday, May 8 a trade for 18,516 shs valued at $236,079 was made by GUILFOILE MARY. Steans Jennifer W sold 175,300 shs worth $2.24 million.

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.Valley National Bancorp has volume of 512,198 shares. Since June 29, 2017 VLY has risen 11.46% and is uptrending. VLY underperformed the S&P500 by 1.11%.

Valley National Bancorp (NYSE:VLY)’s earnings report is anticipated 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. If EPS of $0.23 is announced the profit of VLY could hit $76.19M giving it 13.49 P/E. 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 target price Valley National has $13.90 average target price 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. On Friday, March 16 the firm has “Buy” rating given by Piper Jaffray. On Wednesday, January 31 Morgan Stanley maintained Valley National Bancorp (NYSE:VLY) rating. Morgan Stanley has “Equal-Weight” rating and $13.5 target. On Friday, January 5 the stock has “Overweight” rating by PiperJaffray. The stock rating was upgraded by Sandler O’Neill to “Buy” on Thursday, April 26. On Tuesday, January 30 the firm earned “Buy” rating by Hovde Group. On Monday, April 30 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Thursday, January 25 the firm has “Hold” rating by Sandler O’Neill given. On Monday, January 29 the firm has “Buy” rating given by Piper Jaffray.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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