Hantz Financial Services Inc. Buys 5,324 Shares of Valley National Bancorp $VLY

Hantz Financial Services Inc. boosted its stake in shares of Valley National Bancorp (NASDAQ:VLY) by 11,831.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,369 shares of the company’s stock after purchasing an additional 5,324 shares during the quarter. Hantz Financial Services Inc.’s holdings in Valley National Bancorp were worth $48,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Valley National Bancorp by 1.0% in the first quarter. Principal Financial Group Inc. now owns 1,100,892 shares of the company’s stock valued at $9,787,000 after purchasing an additional 10,996 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Valley National Bancorp by 33.3% in the first quarter. OneDigital Investment Advisors LLC now owns 17,058 shares of the company’s stock valued at $152,000 after buying an additional 4,261 shares during the period. Swiss National Bank boosted its holdings in Valley National Bancorp by 14.4% in the first quarter. Swiss National Bank now owns 973,960 shares of the company’s stock valued at $8,659,000 after acquiring an additional 122,600 shares during the last quarter. Cerity Partners LLC boosted its holdings in Valley National Bancorp by 48.1% in the first quarter. Cerity Partners LLC now owns 253,843 shares of the company’s stock valued at $2,257,000 after acquiring an additional 82,425 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Valley National Bancorp by 35.2% in the first quarter. Russell Investments Group Ltd. now owns 361,845 shares of the company’s stock valued at $3,216,000 after acquiring an additional 94,289 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Valley National Bancorp Trading Up 1.8%

Valley National Bancorp stock opened at $10.93 on Thursday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 12.42 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40. Valley National Bancorp has a 12 month low of $7.48 and a 12 month high of $11.35. The business’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $9.68.

Valley National Bancorp (NASDAQ:VLY) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $511.11 million during the quarter, compared to analysts’ expectations of $511.47 million. Valley National Bancorp had a return on equity of 6.67% and a net margin of 14.86%.Valley National Bancorp’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, equities analysts predict that Valley National Bancorp will post 0.99 earnings per share for the current fiscal year.

Valley National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a $0.11 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.0%. Valley National Bancorp’s dividend payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Hovde Group started coverage on shares of Valley National Bancorp in a research report on Wednesday, September 10th. They set an “outperform” rating and a $12.50 target price on the stock. Wall Street Zen raised Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Valley National Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on Valley National Bancorp from $11.50 to $12.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Finally, TD Cowen lifted their price target on Valley National Bancorp from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Valley National Bancorp presently has a consensus rating of “Buy” and an average price target of $13.25.

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.