What Does Wall Street Say about Valley National Bancorp (NYSE:VLY)?

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BlueCrest Capital Management Ltd bought a new position in shares of Old National Bancorp (NASDAQ:ONB) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,384 shares of the financial services provider's stock, valued at approximately $253,000. Creative Planning increased its position in Old National Bancorp by 1.0% in the 2nd quarter. Vanguard Group Inc. grew its stake in shares of Valley National Bancorp by 8.2% during the 1st quarter. Capstone Asset Management Co. now owns 29,146 shares of the company's stock worth $365,000 after buying an additional 320 shares during the period. BlackRock Fund Advisors is the second biggest holder with 20 million shares now valued at 243.48 million whilst State Street Corp has 15 million shares valued at 177.89 million. Raymond James Financial Services Advisors Inc. now owns 64,548 shares of the financial services provider's stock valued at $762,000 after acquiring an additional 2,320 shares in the last quarter. In the past 52 weeks the company's stock price has moved within the range of $9.59 to $12.82. Phillips Financial Management LLC now owns 26,652 shares of the bank's stock valued at $446,000 after buying an additional 261 shares in the last quarter. Old National Bancorp has a 12 month low of $14.20 and a 12 month high of $18.95.

Looking forward, the company's quarterly earnings are expected to come at $1.04 in the three months through December 2017 and $0.98 in the quarter ending March 2018, reflecting 0.97% and -2% growth, respectively.

This particular stock's 5-day moving average is 11.81, its 20-day moving average is 11.90 and its 100-day moving average is 11.62.

Publicly-traded company Valley National Bancorp (NYSE:VLY) had a closing price of $11.54 yesterday. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. The business had revenue of $193.00 million during the quarter, compared to analysts' expectations of $195.03 million. The firm's revenue for the quarter was up 6.5% compared to the same quarter a year ago.

Morgan Stanley (MS) surprised the stock market in its last reported earnings when it earned $0.88 a piece versus the consensus-estimated $0.81.

Valley National shares have climbed almost 3 percent since the beginning of the year. Shareholders of record on Friday, September 15th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 14th.

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Valley National Bancorp has a beta of 0.95, offering the possibility of a higher rate of return, but also posing more risk.

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News coverage about Valley National Bancorp (NYSE:VLY) has been trending somewhat positive recently, Accern Sentiment Analysis reports.

Several equities analysts recently weighed in on VLY shares. BidaskClub downgraded shares of Valley National Bancorp from a "sell" rating to a "strong sell" rating in a report on Monday, July 31st. Zacks Investment Research cut shares of Valley National Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, July 8th. Keefe, Bruyette & Woods restated a "buy" rating and issued a $13.00 target price on shares of Valley National Bancorp in a report on Friday, September 29th. The volume of VLY witnessed a shift from 1.42 million shares, based on a 50-day average, to 1.76 million shares. The shares were sold at an average price of $11.91, for a total transaction of $470,385.45. The portion of a company's profit allocated to each outstanding share of common stock was $3.87 a share in the trailing twelve months. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Valley National Bancorp (VLY) now the company's industry has 12.42 P/E and the sector P/E is 16.35.

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