The Valley National Bancorp (VLY) Shares Bought by Comerica Bank

The Valley National Bancorp (VLY) Shares Bought by Comerica Bank

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLY. Tyers Asset Management LLC bought a new position in shares of Valley National Bancorp during the fourth quarter worth about $132,000. Capital Fund Management S.A. bought a new position in shares of Valley National Bancorp during the first quarter worth about $138,000. Flinton Capital Management LLC bought a new position in shares of Valley National Bancorp during the fourth quarter worth about $167,000. Trexquant Investment LP bought a new position in shares of Valley National Bancorp during the fourth quarter worth about $173,000. Finally, American Economic Planning Group Inc. ADV bought a new position in shares of Valley National Bancorp during the first quarter worth about $198,000. 52.26% of the stock is owned by institutional investors.

Comerica Bank increased its position in shares of Valley National Bancorp (NYSE:VLY) by 8.4% during the first quarter, Holdings Channel reports. The fund owned 203,088 shares of the financial services provider’s stock after buying an additional 15,742 shares during the period. Comerica Bank’s holdings in Valley National Bancorp were worth $2,455,000 at the end of the most recent reporting period.

Shares of Valley National Bancorp (VLY) opened at 11.42 on Monday. The stock has a market capitalization of $3.01 billion, a PE ratio of 17.30 and a beta of 0.90. The stock has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.79. Valley National Bancorp has a 52-week low of $8.49 and a 52-week high of $12.82.

Valley National Bancorp (NYSE:VLY) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $189.80 million during the quarter, compared to analysts’ expectations of $187.34 million. Valley National Bancorp had a return on equity of 7.78% and a net margin of 19.32%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, equities research analysts anticipate that Valley National Bancorp will post $0.71 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Valley National Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, April 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.00 price target on shares of Valley National Bancorp in a report on Monday, April 3rd. Finally, Stephens assumed coverage on Valley National Bancorp in a report on Wednesday, April 5th. They issued an “equal weight” rating for the company. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $11.83. Valley National Bancorp Company Profile

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VLY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding VLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valley National Bancorp (NYSE:VLY). Receive News & Ratings for Valley National Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Valley National Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding VLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valley National Bancorp (NYSE:VLY).

Related posts

Leave a Comment