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

June 27, 2018 - By Alberto Lyles

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 turned negative. 80 rose positions while 29 funds acquired positions. Funds hold 178.23 million shares thus 7.90% more from 2017Q4’s 165.19 million shares.
27,110 are held by Visionary Asset Mgmt Incorporated. Amalgamated Bancshares stated it has 36,777 shs. Fmr Limited Liability Company holds 0% or 2.59M shs in its capital. Howland Cap Limited, a Massachusetts-based fund reported 11,762 shs. Td Asset Mgmt Inc owns 0% invested in Valley National Bancorp (NYSE:VLY) for 47,975 shs. Stratos Wealth Prns has invested 0% in Valley National Bancorp (NYSE:VLY). Hsbc Holdings Pcl holds 47,586 shs. Maltese Cap Mngmt Ltd Limited Liability Company holds 1.08 million shs. Hbk Sorce Advisory Ltd reported 0.27% of its capital in Valley National Bancorp (NYSE:VLY). The Alabama-based Retirement Of Alabama has invested 0.02% in Valley National Bancorp (NYSE:VLY). Sns Finance Grp Inc Inc Limited Liability accumulated 13,691 shs. Paragon Capital Ltd, a Colorado-based fund reported 23,058 shs. Blackrock accumulated 0.02% or 35.05M shs. Nj State Employees Deferred Compensation Plan invested 0.13% of its capital in Valley National Bancorp (NYSE:VLY). Louisiana State Employees Retirement Sys invested in 0.04% or 69,500 shs.

Valley National Bancorp had 5 selling transactions and 2 insider purchases since January 29, 2018. This’s net activity of $6.81 million. LIPKIN GERALD H sold $3.33 million worth of stock or 260,065 shs. 5,000 shs were sold by KORDE GERALD, worth $66,350. On Monday, January 29 Baum Peter J bought $43,613 worth of Valley National Bancorp (NYSE:VLY). Steans Jennifer W sold $2.24 million worth of Valley National Bancorp (NYSE:VLY) on Wednesday, May 9. GUILFOILE MARY had sold 18,516 shs worth $236,079. Shares for $1.00 million were sold by JONES GRAHAM O on Wednesday, June 6.

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

The stock decreased 1.03% or $0.13 during the last trading session, hitting $12.46.Currently Valley National Bancorp is uptrending after 11.46% change in last June 27, 2017. VLY has also 543,955 shares volume. 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 firm is valued at $4.13 billion. 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”. (NYSE:VLY) has 67% bullish analysts. 9 are the (NYSE:VLY)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. The company rating was upgraded by Sandler O’Neill on Thursday, April 26. On Friday, January 5 the firm earned “Overweight” rating by PiperJaffray. On Thursday, January 25 the stock of Valley National Bancorp (NYSE:VLY) has “Hold” rating given by Sandler O’Neill. In Monday, January 29 report Piper Jaffray maintained it with “Buy” rating and $14.0 target. On Tuesday, January 30 the stock has “Buy” rating by Hovde Group. On Friday, March 16 the firm earned “Buy” rating by Piper Jaffray. On Wednesday, January 31 Morgan Stanley maintained the shares of VLY in report with “Equal-Weight” rating. On Monday, April 30 the firm earned “Equal-Weight” rating by Morgan Stanley.

Another two news for Valley National Bancorp (NYSE:VLY) were recently brought out 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 brought out on June 27, 2018.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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