Atria Investments Inc Has $425,000 Holdings in Valley National Bancorp (NASDAQ:VLY)

Atria Investments Inc lifted its position in Valley National Bancorp (NASDAQ:VLY) by 16.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,944 shares of the company’s stock after purchasing an additional 6,746 shares during the period. Atria Investments Inc’s holdings in Valley National Bancorp were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in shares of Valley National Bancorp during the 4th quarter worth approximately $25,000. Sapient Capital LLC bought a new position in shares of Valley National Bancorp during the 4th quarter worth approximately $103,000. Empowered Funds LLC grew its stake in shares of Valley National Bancorp by 12.0% during the 4th quarter. Empowered Funds LLC now owns 12,812 shares of the company’s stock worth $116,000 after acquiring an additional 1,371 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Valley National Bancorp by 11.8% during the 3rd quarter. Townsquare Capital LLC now owns 14,365 shares of the company’s stock worth $130,000 after acquiring an additional 1,521 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Valley National Bancorp by 26.7% during the 3rd quarter. KBC Group NV now owns 14,450 shares of the company’s stock worth $131,000 after acquiring an additional 3,041 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Valley National Bancorp Stock Up 2.8 %

Shares of NASDAQ VLY opened at $8.80 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 0.98. Valley National Bancorp has a 52 week low of $6.47 and a 52 week high of $11.10. The stock has a market capitalization of $4.93 billion, a P/E ratio of 12.75 and a beta of 1.11. The stock’s fifty day moving average is $9.60 and its 200 day moving average is $9.48.

Valley National Bancorp (NASDAQ:VLY) last released its earnings results on Thursday, January 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Valley National Bancorp had a net margin of 10.62% and a return on equity of 5.14%. During the same period in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts forecast that Valley National Bancorp will post 0.99 earnings per share for the current fiscal year.

Valley National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, March 14th. Valley National Bancorp’s dividend payout ratio (DPR) is currently 63.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VLY shares. Royal Bank of Canada increased their price objective on Valley National Bancorp from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com downgraded Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Barclays increased their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Citigroup increased their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Stephens reaffirmed an “overweight” rating and set a $12.50 price target on shares of Valley National Bancorp in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.67.

Insider Transactions at Valley National Bancorp

In other news, EVP Joseph Chillura sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $10.21, for a total transaction of $510,500.00. Following the sale, the executive vice president now directly owns 495,249 shares in the company, valued at approximately $5,056,492.29. The trade was a 9.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.88% of the company’s stock.

About Valley National Bancorp

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.