Valley National Bancorp (NYSE:VLY) Move as Institutional Investors’ Sentiment Up

July 17, 2017 - By Henry Gaston

 Valley National Bancorp (NYSE:VLY) Move  as Institutional Investors' Sentiment  Up

Sentiment for Valley National Bancorp (NYSE:VLY)

Valley National Bancorp (NYSE:VLY) institutional sentiment increased to 1.55 in 2016 Q4. Its up 0.18, from 1.37 in 2016Q3. The ratio increased, as 113 investment managers opened new and increased positions, while 73 decreased and sold positions in Valley National Bancorp. The investment managers in our partner’s database now possess: 150.30 million shares, up from 136.05 million shares in 2016Q3. Also, the number of investment managers holding Valley National Bancorp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 17 Reduced: 56 Increased: 74 New Position: 39.

Valley National Bancorp is the bank holding firm for Valley National Bank . The company has market cap of $3.13 billion. The Bank provides a range of commercial, retail, insurance and wealth management financial services products. It has a 17.92 P/E ratio. The Company’s divisions include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.

About 630,324 shares traded. Valley National Bancorp (NYSE:VLY) has risen 24.84% since July 17, 2016 and is uptrending. It has outperformed by 8.14% the S&P500.

Wall Street await Valley National Bancorp (NYSE:VLY) to release earnings on July, 26. Analysts forecast earnings per share of $0.18, up exactly $0.03 or 20.00 % from 2014’s $0.15 EPS. The expected VLY’s profit could reach $47.46 million giving the stock 16.49 P/E in the case that $0.18 earnings per share is reported. After posting $0.17 EPS for the previous quarter, Valley National Bancorp’s analysts now forecast 5.88 % EPS growth.

Denver Investment Advisors Llc holds 1.21% of its portfolio in Valley National Bancorp for 2.47 million shares. Private Capital Management Llc owns 505,480 shares or 0.91% of their US portfolio. Moreover, Sprucegrove Investment Management Ltd has 0.9% invested in the company for 1.59 million shares. The Oklahoma-based Capital Advisors Inc Ok has invested 0.86% in the stock. Cramer Rosenthal Mcglynn Llc, a New York-based fund reported 4.85 million shares.#img1#

Valley National Bancorp (NYSE:VLY) Ratings Coverage

Ratings analysis reveals 0 of Valley National Bancorp’s analysts are positive. Out of 6 Wall Street analysts rating Valley National Bancorp, 0 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $9 while the high is $1300. The stock’s average target of $11.33 is -4.63% below today’s ($11.88) share price. VLY was included in 9 notes of analysts from August 19, 2015. The rating was upgraded by Guggenheim to “Sell” on Tuesday, August 25. RBC Capital Markets maintained the shares of VLY in report on Thursday, January 28 with “Sector Perform” rating. The rating was upgraded by Sandler O’Neill on Friday, January 29 to “Buy”. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, November 14 report. The stock of Valley National Bancorp (NYSE:VLY) earned “Sell” rating by Zacks on Wednesday, August 19. The firm has “Hold” rating given on Monday, May 29 by Keefe Bruyette & Woods.

More news for Valley National Bancorp (NYSE:VLY) were recently published by: Prnewswire.com, which released: “Technical Snapshots for these Banking Stocks — Valley National Bancorp …” on July 14, 2017. Nasdaq.com‘s article titled: “Valley National Bancorp’s Preferred Securities Shares Cross 5% Yield Mark” and published on July 11, 2017 is yet another important article.

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