Alpine Woods Capital Investors LLC lessened its holdings in Valley National Bancorp (NYSE:VLY) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,604 shares of the financial services provider’s stock after selling 4,690 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Valley National Bancorp were worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its position in shares of Valley National Bancorp by 99.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 28,199 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 14,046 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Valley National Bancorp by 7.6% in the third quarter. Macquarie Group Ltd. now owns 5,886,336 shares of the financial services provider’s stock worth $70,930,000 after purchasing an additional 415,470 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Valley National Bancorp by 57.5% in the third quarter. Ameriprise Financial Inc. now owns 1,552,764 shares of the financial services provider’s stock worth $18,711,000 after purchasing an additional 566,827 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of Valley National Bancorp by 62.9% in the third quarter. ClariVest Asset Management LLC now owns 759,200 shares of the financial services provider’s stock worth $9,148,000 after purchasing an additional 293,100 shares in the last quarter. Finally, Commonwealth Equity Services Inc lifted its position in shares of Valley National Bancorp by 2.7% in the third quarter. Commonwealth Equity Services Inc now owns 306,244 shares of the financial services provider’s stock worth $3,690,000 after purchasing an additional 8,008 shares in the last quarter. 63.97% of the stock is currently owned by institutional investors and hedge funds.

VLY has been the topic of several analyst reports. Keefe, Bruyette & Woods raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Thursday, July 27th. Hovde Group raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research report on Monday, July 31st. BidaskClub lowered shares of Valley National Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $13.00 price target (up from $12.00) on shares of Valley National Bancorp in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.67.

COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.watchlistnews.com/alpine-woods-capital-investors-llc-cuts-stake-in-valley-national-bancorp-vly/1721846.html.

Valley National Bancorp (VLY) traded up $0.03 during trading hours on Thursday, hitting $11.44. 1,154,200 shares of the company’s stock traded hands, compared to its average volume of 1,852,256. Valley National Bancorp has a 12-month low of $10.61 and a 12-month high of $12.82. The firm has a market capitalization of $3,016.46, a P/E ratio of 16.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 0.98.

Valley National Bancorp (NYSE:VLY) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Valley National Bancorp had a net margin of 19.91% and a return on equity of 8.27%. The company had revenue of $193.00 million during the quarter, compared to analyst estimates of $195.03 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Valley National Bancorp’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts expect that Valley National Bancorp will post 0.69 earnings per share for the current year.

Valley National Bancorp 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.

Want to see what other hedge funds are holding VLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valley National Bancorp (NYSE:VLY).

Institutional Ownership by Quarter for Valley National Bancorp (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.