Chicago Equity Partners LLC lifted its position in Valley National Bancorp (NYSE:VLY) by 22.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 637,215 shares of the financial services provider’s stock after buying an additional 114,780 shares during the period. Chicago Equity Partners LLC owned approximately 0.24% of Valley National Bancorp worth $7,678,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Valley National Bancorp by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 21,880,605 shares of the financial services provider’s stock worth $258,410,000 after buying an additional 448,524 shares during the last quarter. Visionary Asset Management Inc. purchased a new position in shares of Valley National Bancorp in the 2nd quarter worth approximately $328,000. Crawford Investment Counsel Inc. grew its position in shares of Valley National Bancorp by 5.1% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 196,413 shares of the financial services provider’s stock worth $2,320,000 after buying an additional 9,470 shares during the last quarter. Rhumbline Advisers grew its position in shares of Valley National Bancorp by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 548,774 shares of the financial services provider’s stock worth $6,481,000 after buying an additional 11,838 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its position in shares of Valley National Bancorp by 8.5% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,138,475 shares of the financial services provider’s stock worth $13,445,000 after buying an additional 88,936 shares during the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $13.00 target price on shares of Valley National Bancorp in a research report on Friday, September 29th. BidaskClub downgraded shares of Valley National Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies reissued a “neutral” rating and set a $13.00 target price (up previously from $12.00) on shares of Valley National Bancorp in a research report on Wednesday, August 9th. Finally, Hovde Group raised shares of Valley National Bancorp from a “market perform” rating to an “outperform” rating and set a $13.50 target price on the stock in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.67.

Valley National Bancorp (NYSE:VLY) traded down $0.01 during trading hours on Tuesday, reaching $11.53. The firm has a market cap of $3,050.00, a P/E ratio of 16.41 and a beta of 0.89. Valley National Bancorp has a 12 month low of $9.81 and a 12 month high of $12.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.98 and a quick ratio of 0.97.

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

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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.

Institutional Ownership by Quarter for Valley National Bancorp (NYSE:VLY)

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