Valley National Bancorp (NYSE:VLY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 14,963,758 shares, a decrease of 18.0% from the August 15th total of 18,247,751 shares. Based on an average trading volume of 1,322,928 shares, the short-interest ratio is currently 11.3 days. Approximately 6.1% of the company’s stock are short sold.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Valley National Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Piper Jaffray Cos. lowered shares of Valley National Bancorp from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $9.50 in a research note on Monday, August 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.00.

Shares of Valley National Bancorp (NYSE:VLY) opened at 9.31 on Thursday. Valley National Bancorp has a 1-year low of $8.31 and a 1-year high of $11.24. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 21.35 and a beta of 0.93. The firm’s 50-day moving average is $9.41 and its 200 day moving average is $9.35.

Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. Valley National Bancorp had a net margin of 14.03% and a return on equity of 7.26%. The company had revenue of $175.72 million for the quarter, compared to analyst estimates of $176.54 million. During the same quarter last year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts expect that Valley National Bancorp will post $0.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.44 annualized dividend and a yield of 4.73%. Valley National Bancorp’s dividend payout ratio (DPR) is presently 97.78%.

A number of institutional investors have recently made changes to their positions in VLY. TSP Capital Management Group LLC increased its position in shares of Valley National Bancorp by 0.3% in the second quarter. TSP Capital Management Group LLC now owns 63,050 shares of the financial services provider’s stock valued at $575,000 after buying an additional 200 shares during the period. Neuberger Berman Group LLC increased its position in shares of Valley National Bancorp by 0.6% in the second quarter. Neuberger Berman Group LLC now owns 35,513 shares of the financial services provider’s stock valued at $324,000 after buying an additional 214 shares during the period. Hsbc Holdings PLC increased its position in shares of Valley National Bancorp by 1.0% in the second quarter. Hsbc Holdings PLC now owns 22,272 shares of the financial services provider’s stock valued at $203,000 after buying an additional 231 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Valley National Bancorp by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 16,287 shares of the financial services provider’s stock valued at $149,000 after buying an additional 285 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Valley National Bancorp by 0.4% in the first quarter. Arizona State Retirement System now owns 106,331 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 400 shares during the period. Institutional investors own 54.11% of the company’s stock.

Valley National Bancorp Company Profile

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments.

5 Day Chart for NYSE:VLY

Receive News & Ratings for Valley National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valley National Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.