Swiss National Bank Has $10.34 Million Holdings in Valley National Bancorp (NASDAQ:VLY)

Swiss National Bank raised its holdings in Valley National Bancorp (NASDAQ:VLYGet Rating) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 992,760 shares of the company’s stock after acquiring an additional 30,500 shares during the quarter. Swiss National Bank’s holdings in Valley National Bancorp were worth $10,335,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VLY. Wellington Management Group LLP lifted its stake in Valley National Bancorp by 153.8% in the first quarter. Wellington Management Group LLP now owns 8,869,091 shares of the company’s stock valued at $115,476,000 after buying an additional 5,374,624 shares during the period. BlackRock Inc. increased its holdings in shares of Valley National Bancorp by 5.2% during the first quarter. BlackRock Inc. now owns 57,936,970 shares of the company’s stock valued at $754,340,000 after acquiring an additional 2,877,763 shares in the last quarter. State Street Corp increased its holdings in shares of Valley National Bancorp by 11.1% during the first quarter. State Street Corp now owns 20,600,597 shares of the company’s stock valued at $270,425,000 after acquiring an additional 2,051,696 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Valley National Bancorp by 3.8% during the first quarter. Vanguard Group Inc. now owns 41,628,512 shares of the company’s stock valued at $542,003,000 after acquiring an additional 1,534,805 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Valley National Bancorp by 20.3% during the first quarter. Capital World Investors now owns 5,495,000 shares of the company’s stock valued at $71,545,000 after acquiring an additional 928,000 shares in the last quarter. 68.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VLY. Hovde Group decreased their price objective on Valley National Bancorp to $14.00 in a report on Tuesday, November 1st. Piper Sandler decreased their price objective on Valley National Bancorp to $14.00 in a report on Wednesday, October 5th. StockNews.com began coverage on Valley National Bancorp in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott assumed coverage on Valley National Bancorp in a report on Thursday, August 4th. They set a “buy” rating for the company.

Valley National Bancorp Trading Up 1.3 %

Shares of Valley National Bancorp stock opened at $12.28 on Monday. The stock has a fifty day simple moving average of $11.68 and a 200 day simple moving average of $11.52. Valley National Bancorp has a 12-month low of $10.01 and a 12-month high of $15.10. The company has a market capitalization of $6.22 billion, a P/E ratio of 11.59 and a beta of 1.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26.

About Valley National Bancorp

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Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans.

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Institutional Ownership by Quarter for Valley National Bancorp (NASDAQ:VLY)

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