Valley National Bancorp (NYSE:VLY) Sellers Rose Their Shorts By 7.06%

June 27, 2018 - By Matthew Medley

Big Money Sentiment decreased to 1.12 in Q1 2018. It has change of 0.18, from 2017Q4’s 1.3. The ratio dropped due to Valley National Bancorp positioning: 33 sold and 64 reduced. 29 funds acquired stakes and 80 increased stakes. Investors holded 165.19 million in 2017Q4 but now own 178.23 million shares or 7.90% more.
Mcrae Capital Mgmt Inc reported 14,881 shs stake. 24,926 were reported by Wade G W &. Northern stated it has 0.02% of its capital in Valley National Bancorp (NYSE:VLY). Virtu Financial Lc owns 13,285 shs. Vermont-based Of Vermont has invested 0.01% in Valley National Bancorp (NYSE:VLY). Raymond James & Assocs accumulated 0% or 220,493 shs. Fuller & Thaler Asset reported 3,600 shs. Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 71,357 shs. Brookstone Cap owns 32,942 shs or 0.04% of their US capital. Pnc Finance Grp stated it has 32,214 shs or 0% of all its holdings. Rafferty Asset Mgmt Llc invested 0.05% in Valley National Bancorp (NYSE:VLY). Wellington Llp accumulated 0% or 51,656 shs. Winslow Evans & Crocker accumulated 842 shs or 0% of the stock. Janney Montgomery Scott Limited Liability Corporation reported 56,094 shs. Metropolitan Life Ins New York reported 149,696 shs stake.

Valley National Bancorp registered $6.81 million net activity with 2 insider buys and 5 sales since January 29, 2018. On Friday, May 25 $3.33 million worth of Valley National Bancorp (NYSE:VLY) was sold by LIPKIN GERALD H. $43,613 worth of stock was bought by Baum Peter J on Monday, January 29. $66,350 worth of Valley National Bancorp (NYSE:VLY) shs were sold by KORDE GERALD. On Wednesday, June 6 Shares for $1.00 million were sold by JONES GRAHAM O. LENNER MARC J bought $24,945 worth of stock or 2,040 shs. Another trade for 18,516 shs valued at $236,079 was made by GUILFOILE MARY on Tuesday, May 8.

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

VLY is hitting $12.46 during the last trading session, after decreased 1.03%.Valley National Bancorp has volume of 543,955 shares. Since June 27, 2017 VLY has risen 11.46% and is uptrending. The stock 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 worth $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. On Thursday, January 25 the firm has “Hold” rating given by Sandler O’Neill. On Monday, April 30 the firm has “Equal-Weight” rating by Morgan Stanley given. On Friday, January 5 PiperJaffray upgraded the shares of VLY in report to “Overweight” rating. On Wednesday, January 31 Morgan Stanley maintained Valley National Bancorp (NYSE:VLY) with “Equal-Weight” rating. On Thursday, April 26 the stock of Valley National Bancorp (NYSE:VLY) earned “Buy” rating by Sandler O’Neill. The company rating was maintained by Piper Jaffray on Friday, March 16. On Monday, January 29 the stock of Valley National Bancorp (NYSE:VLY) earned “Buy” rating by Piper Jaffray. On Tuesday, January 30 the company was maintained by Hovde Group.

Another two news for Valley National Bancorp (NYSE:VLY) were briefly released 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 released on June 27, 2018.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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