Valley National Bancorp (VLY) Trading at $12.41 Forms Double Top Chart Pattern

June 29, 2018 - By Maria Fierro

Big Money Sentiment decreased to 1.12 in 2018 Q1. It has change of 0.18, from 2017Q4’s 1.3. The ratio dived due to Valley National Bancorp positioning: 33 sold and 64 reduced. 29 funds acquired positions and 80 increased positions. Investors holded 165.19 million in 2017Q4 but now own 178.23 million shares or 7.90% more.
Guggenheim Cap Limited Liability Corp reported 131,614 shs. Employees Retirement System Of Ohio holds 9,191 shs or 0% of its capital. Blackrock reported 0.02% stake. California State Teachers Retirement invested in 0.01% or 393,581 shs. Dimensional Fund Advsrs L P stated it has 0.07% of its capital in Valley National Bancorp (NYSE:VLY). New York-based Pinnacle Associate Ltd has invested 0.01% in Valley National Bancorp (NYSE:VLY). Hancock holds 120,999 shs or 0.07% of its capital. Point72 Asia (Hong Kong) Ltd reported 151 shs. Legal & General Gp Public Limited holds 0% or 387,601 shs in its capital. Raymond James Serv accumulated 136,153 shs. 375,748 are owned by Private Capital Management Ltd Com. Hotchkis And Wiley Cap Limited Liability Co holds 0.04% or 711,600 shs. 1.02M are owned by Brandywine Glob Mgmt Limited. Asset Management One owns 128,638 shs. Profund Advsr Limited Liability Company reported 0.02% in Valley National Bancorp (NYSE:VLY).

Valley National Bancorp registered $6.81 million net activity with 2 insider buys and 5 selling transactions since January 29, 2018. The insider Steans Jennifer W sold 175,300 shs worth $2.24M. Another trade for 3,433 shs valued at $43,613 was made by Baum Peter J on Monday, January 29. Another trade for 76,000 shs valued at $1.00 million was sold by JONES GRAHAM O. Shares for $66,350 were sold by KORDE GERALD on Friday, June 8. LIPKIN GERALD H also sold $3.33 million worth of Valley National Bancorp (NYSE:VLY) on Friday, May 25. Another trade for 18,516 shs valued at $236,079 was made by GUILFOILE MARY on Tuesday, May 8.

With $13.53 target Valley National Bancorp (VLY) forms a double top. That’s 9.00 % above today’s $12.41 share price. The $4.11 billion company shows low risk because of the 7 months chart pattern. Finviz.com posted this chart pattern on Jun, 29. At $13.53 stock target, the company valuation changes by $369.99M more.

VLY is hitting $12.41 during the last trading session, after increased 0.65%.Currently Valley National Bancorp is uptrending after 11.46% change in last June 29, 2017. VLY has 512,198 shares volume. VLY underperformed by 1.11% the S&P500.

On July, 25 is anticipated Valley National Bancorp (NYSE:VLY)’s earnings report, Zacks reports. EPS of $0.23 is 27.78 % up from 2017’s $0.18 EPS. This could hit $76.19M profit for VLY assuming the current $0.23 EPS will become reality. 27.78 % EPS growth is what analysts predict. $0.18 EPS was announced for last quarter.

Valley National Bancorp (NYSE:VLY) Ratings Coverage

A total of 6 analysts rate Valley National (NYSE:VLY) as follows: 4 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 67% are bullish. The firm has $14.5 highest and $13.0 lowest target. The avg target $13.90 is 12.01% above the last ($12.41) price. (NYSE:VLY) has 9 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Monday, April 30 the firm has “Equal-Weight” rating given by Morgan Stanley. On Thursday, January 25 the stock has “Hold” rating by Sandler O’Neill. On Thursday, April 26 the firm has “Buy” rating by Sandler O’Neill given. On Tuesday, January 30 the rating was maintained by Hovde Group with “Buy”. On Friday, January 5 the firm earned “Overweight” rating by PiperJaffray. The company rating was maintained by Piper Jaffray on Friday, March 16. On Wednesday, January 31 the stock has “Equal-Weight” rating by Morgan Stanley. On Monday, January 29 Piper Jaffray maintained the shares of VLY in report with “Buy” rating.

Valley National Bancorp (NYSE:VLY) Institutional Investors Chart

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