Rodgers & Associates LTD Has $181,000 Holdings in Valley National Bancorp (NASDAQ:VLY)

Rodgers & Associates LTD lowered its holdings in shares of Valley National Bancorp (NASDAQ:VLY) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after selling 2,000 shares during the period. Rodgers & Associates LTD’s holdings in Valley National Bancorp were worth $181,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VLY. Townsquare Capital LLC boosted its stake in Valley National Bancorp by 11.8% in the 3rd quarter. Townsquare Capital LLC now owns 14,365 shares of the company’s stock valued at $130,000 after buying an additional 1,521 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Valley National Bancorp by 48.2% in the 3rd quarter. Blue Trust Inc. now owns 4,809 shares of the company’s stock valued at $44,000 after purchasing an additional 1,564 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Valley National Bancorp by 6.0% in the 3rd quarter. HighTower Advisors LLC now owns 31,831 shares of the company’s stock valued at $291,000 after purchasing an additional 1,806 shares in the last quarter. GAMMA Investing LLC boosted its position in Valley National Bancorp by 46.4% in the third quarter. GAMMA Investing LLC now owns 6,791 shares of the company’s stock valued at $62,000 after buying an additional 2,151 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Valley National Bancorp by 7.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 30,419 shares of the company’s stock valued at $276,000 after buying an additional 2,154 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Valley National Bancorp from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their price target on Valley National Bancorp from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. StockNews.com lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Morgan Stanley upped their target price on shares of Valley National Bancorp from $9.50 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, September 30th. Finally, Wedbush reissued a “neutral” rating and issued a $10.00 price target on shares of Valley National Bancorp in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.39.

Valley National Bancorp Trading Up 2.6 %

NASDAQ:VLY opened at $10.03 on Friday. Valley National Bancorp has a 1-year low of $6.47 and a 1-year high of $11.10. The business’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $9.02. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 16.12 and a beta of 1.12.

Valley National Bancorp (NASDAQ:VLY) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a net margin of 9.42% and a return on equity of 5.87%. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities analysts expect that Valley National Bancorp will post 0.64 earnings per share for the current year.

Valley National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, December 13th. Valley National Bancorp’s payout ratio is presently 70.97%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.