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

June 27, 2018 - By Arturo Altman

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 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.
Advisory Network Limited Liability has invested 0% in Valley National Bancorp (NYSE:VLY). Raymond James And Assoc reported 0% of its capital in Valley National Bancorp (NYSE:VLY). Visionary Asset reported 27,110 shs. Great West Life Assurance Can reported 162,472 shs or 0% of all its holdings. Markston Int Ltd Com has invested 0% of its capital in Valley National Bancorp (NYSE:VLY). Proshare Advsrs Ltd Liability Corporation accumulated 94,191 shs. Peapack Gladstone Fincl has invested 0% in Valley National Bancorp (NYSE:VLY). Lpl Finance Ltd Co holds 0% or 48,785 shs in its capital. Schwab Charles Investment Management Inc holds 1.79 million shs. Wells Fargo And Mn holds 0% of its capital in Valley National Bancorp (NYSE:VLY) for 881,002 shs. Icon Advisers Co holds 0.13% of its capital in Valley National Bancorp (NYSE:VLY) for 142,800 shs. Clarivest Asset Mngmt Limited Liability Corp reported 625,200 shs. Hourglass Cap Ltd Llc stated it has 494,680 shs. Estabrook Mngmt reported 8,654 shs. Mutual Of America Management Lc invested 0.04% of its capital in Valley National Bancorp (NYSE:VLY).

Valley National Bancorp had 5 sales and 2 buys since January 29, 2018. This’s net activity of $6.81 million. On Monday, February 5 LENNER MARC J had bought 2,040 shs worth $24,945. 5,000 shs were sold by KORDE GERALD, worth $66,350. Baum Peter J had bought 3,433 shs worth $43,613. $1.00M worth of Valley National Bancorp (NYSE:VLY) was sold by JONES GRAHAM O. 18,516 shs were sold by GUILFOILE MARY, worth $236,079 on Tuesday, May 8. LIPKIN GERALD H sold 260,065 shs worth $3.33M.

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

The stock decreased 1.03% or $0.13 during the last trading session, reaching $12.46.Valley National Bancorp has volume of 543,955 shares. Since June 27, 2017 VLY has risen 11.46% and is uptrending. VLY underperformed the S&P500 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

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. In Monday, April 30 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Friday, January 5 the stock of Valley National Bancorp (NYSE:VLY) earned “Overweight” rating by PiperJaffray. The stock rating was upgraded by Sandler O’Neill to “Buy” on Thursday, April 26. In Wednesday, January 31 report Morgan Stanley maintained it with “Equal-Weight” rating and $13.5 target. In Friday, March 16 report Piper Jaffray maintained the stock with “Buy” rating. The stock rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 25. On Monday, January 29 the rating was maintained by Piper Jaffray with “Buy”. On Tuesday, January 30 Hovde Group maintained Valley National Bancorp (NYSE:VLY) rating. Hovde Group has “Buy” rating and $14.0 target.

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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